Neusoft Remains No. 1 in Market Share of Offshore Software Outsourcing in China

CCID Consulting Released 2005-2006 Annual Report on China's Software Outsourcing Market

BEIJING, March 1 /Xinhua-PRNewswire/ -- According to 2005-2006 Annual Report on China's Software Outsourcing Market released by CCID Consulting Co., Ltd., a leading market survey consulting company in the information industry in China, the China software outsourcing service market reached USD1.43 billion in 2006, with an increase of 55.4% compared to the last year. As is shown in the report, Neusoft Group Ltd. continued to hold the title of No.1 offshore outsourcing in China with its outsourcing revenue of USD101 million at a growth rate of 61.1% and a market share of 7.1%, becoming the first software enterprise whose offshore outsourcing revenue has exceeded USD 100 million in China.

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Neusoft has intensified its expansion in the Japanese market in 2006. Besides the branch in Tokyo, more offices have been established in Osaka and Nagoya to better provide Japanese clients with high quality outsourcing service. At the same time, Neusoft vigorously developed its outsourcing service market in Europe and America. Up to now, Neusoft offers offshore outsourcing service for over 30 clients abroad. Meanwhile, Neusoft has successively established international software and service outsourcing bases in Shenyang, Dalian, Shanghai, Chengdu, and Nanjing to accelerate its development of offshore outsourcing business and to create better space for larger scale of outsourcing service. Also, Neusoft has dedicated itself to strengthening the core competencies in the field of outsourcing. In 2006, it has become the first software enterprise with more than 10,000 employees in China, and the only software enterprise that has passed the certification of ISO27001 both in software outsourcing and business process outsourcing (BPO) operations.

Dr. Jiren Liu, Chairman and CEO of Neusoft Group Ltd., said that Neusoft has made outstanding achievements in the Japanese market in the past years and accomplished a high-speed growth in its European and American offshore outsourcing operations in 2006 for having gained trust of more and more clients from the regions. Neusoft will further enhance its investment in the European and American businesses in near future.

About Neusoft:

Neusoft Group Ltd. is a leading software and solution provider in China. Founded in 1991, Neusoft has three inter-promoting business units that are engaged respectively in software & services, medical systems and IT education & training, supported by a total staff of over 10,000. In addition, the Company has set up software parks in Shenyang, Dalian, Chengdu and Nanhai for further R&D and HR reserves. After successfully constructing a complete sales & service network covering over forty cities around China, it has further extended its branches to the US and Japan. At present, Neusoft offers products and services to over 8,000 large customers, maintaining leading market shares in telecommunications, social insurance, enterprises, electric power and other sectors. It is also China's largest offshore outsourcing service provider. For more information, please visit http://www.neusoft.com/ .