Patsystems is pleased to announce that it has selected VanceInfo Technologies ("VanceInfo"), a Nyse listed company, to establish its new offshore development centre in Beijing.
VanceInfo is the top China-based offshore software development services provider for European and North American markets, according to IDC.
Patsystems' offshore development centre will be used to support Patsystems' future growth plans, with particular regard to its rapid expansion in Asia. Initially, the centre will focus on the development of Asia Pacific exchange connectivity. In time the centre will provide Patsystems with the resources required to execute development efforts in a more timely and efficient manner, allowing the Company to focus on new innovations in the trading, risk, and exchange technology sector.
"Establishing an offshore development centre in partnership with a respected, well-known provider like VanceInfo, gives us tremendous flexibility in how we allocate and execute our development work," said Kieron O'Toole, Global Operations Director, Patsystems. "While the majority of our development will continue to take place in London, we now have the opportunity to take on additional projects and ultimately, additional business."
"We are pleased to be selected as the long-term offshore partner for Patsystems in China following a rigorous due diligence and pilot process," commented David Chen, President of VanceInfo. "We will leverage our strong engineering capabilities, financial domain knowledge, and extended global resource base to support Patsystems with its Asia Pacific expansion plans and dynamic resource needs."