You Decide Week 7

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The company I chose was Hisoft Technology International. “ hiSoft is a trusted technology services partner with proven global capabilities, quality standards, and efficient delivery processes”.( http://www.hisoft.com/company-overview) “hiSoft is a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China. The company has nine delivery centers of which eight are in China, located in the cities of Beijing, Chengdu, Dalian, Guangzhou, Shanghai, Shenzhen, Wuxi and Xi’an, and one in Singapore.

hiSoft provides its services to leading companies around the world through a combination of onshore and offshore delivery capabilities. The company seeks to leverage their skilled technology specialists and client-centric delivery centers to offer customers reliable and high-quality technology solutions.

hisoft’s two service lines consist of IT services and research and development services. Hisoft’s IT services include application development, testing and maintenance services for custom applications as well as implementation and support services for packaged software. Hisoft’s research and development services include software and hardware testing as well as software globalization services. “(http://www.mzcan.com/us/HSFT/irwebsite/index.php?mod=faq) “On June 30, 2010, hiSoft announced that its initial public offering of 7,400,000 American Depositary Shares (“ADSs”), each representing 19 common shares of the Company, was priced at $10.00 per ADS”.” HiSoft, raised $74 million, HiSoft had expected the A.D.S.’s to price from $11 to $13 apiece. Volatile stock markets and general uncertainty about the strength of the global economy are forcing companies to accept less for their I.P.O. shares than they had expected. HiSoft was the 11th company to go public in the month of June, and the eighth to price below or at the bottom of expected ranges”. . ( Top 9 IPOs of 2010 (MMYT, HSFT, CCIH, QLIK, MCP,...
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