HANGZHOU (Feb. 25, 2008) According to the “Software Revenue Top 100 Corporations 2007” released by the Ministry of Information Industry of China, software corporations in Hangzhou were big winners again. Insigma Technology Co., as one of the leading IT service company in Hangzhou, was ranked number 5 on the list. Insigma was also consecutively ranked the as No. 2 on the “China offshore software outsourcing ranking list.” 

Relying on service outsourcing for these years, Insigma Technology has been in a leading position among IT outsourcing providers in China. Not like high-pollution, high-consumption and low add-value industries, service outsourcing is an environment-friendly, knowledge-intensive, and globally oriented industry expected to undergo tremendous growth in the next decade. Its development will improve the labor force quality of China, drive Chinese enterprises’ transition from labor intensive to knowledge-intensive, and lead the modern service industry boom in China. 

In 2007 Insigma Technology Co. has been approaching its goal of building an International Software Factory. 

Highlight Review of 2007

• Microsoft (China) Co., Ltd. and Insigma Technology signed a global strategic collaboration memorandum in Hangzhou on March 8, 2007.
• The 2007 Mobile Innovation Summit Forum, held in Hangzhou, was jointly sponsored by Insigma Technology Co., China Mobile and Microsoft on March 17, 2007.
• Insigma Technology Co. and Zhejiang University co-established Insigma Technology Financial Information Center. The signing ceremony was held on April 17, 2007.
• “…Insigma Technology Corp. is partnering with Microsoft Corp., and it has already owned an R&D group of 400-plus software engineers responsible for US market development, and the company has made its revenue strike twice …”. — From CCTV News, August 26, 2007, about the success story of Insigma Technology’s software outsourcing.
• The International Conference on Information Technology for Financial Services 2007 (ICITFS) was held in Hangzhou, China, Nov. 5 – 7, joining the efforts of the Hangzhou Municipal Government, Zhejiang University, Insigma Hengtian and State Street Technology Zhejiang.

HANGZHOU (Feb. 26, 2008) – On February 22, Hangzhou TV announced that Insigma Technology was honored among the “Best Employer Enterprises” in Zhejiang Province, based on its outstanding human resources practices and other superiorities.

The award is jointly sponsored by Zhejiang Businessmen Academy, Zhejiang Labor and Social Security Association, Zhejiang Talent Development Association and Worker’s Daily. Conditions of “Best Employer Enterprises” include harmonious labor relations, good corporate culture, good corporate brands, effective talent development, and resource allocation.

According to Mr. Wei Xie, vice president of Insigma Technology, Insigma was featured because of its HR practices in establishing harmonious relationships between the company and its employees, for providing broader performance space for employees and upgrading the corporate management in HR and other departments. These award-winning enterprises are also highlighted because of their efforts for a close connection of both the employees and the company by unifying mutual value conception. This designation is significant to Insigma not only for existing corporate management systems within the firm and its subsidiaries, but also for attracting potential new talents to join.

BEIJING (AsiaInfo Services) (May 15, 2008) – China’s offshore software outsource market reached CNY 3.927 billion in the first quarter of 2008, rising 25.27% from a year earlier, shown in the latest data from Analysys International.

The top three outsource companies are Neusoft Group Ltd., hiSoft Technology International Ltd., and Insigma Technology Co., Ltd. (SHSE: 600797).

In the first three months, Chinese outsource companies began to focus on the domestic market, and provide Chinese businesses of foreign companies with software development, ITO (information technology outsource), and BPO (business process outsource) services. 

Insigma set up the locally largest European and American software outsource talents training base, the Insigma Training Center, in Zhejiang University.

In a previous report by the Ministry of Industry and Informatization, in the period, China’s software exports amounted to USD 2.4 billion, surging 54.3%, including USD 800 million of embedded software exports and USD 170 million of software outsource exports.

YANTAI DAILY (June 1, 2008) – At the 2008 China (Yantai Zhifu) services outsourcing summit, the 2007 China’s software exports (outsourcing) list conference was held in Yantai’s Dongshan International Conference Hall. Participants included government executives, experts, corporate executives and representatives from across the country in order to engage in-depth China’s software outsourcing cooperation. 

The event was sponsored by the China Software Industry Association, Shandong Provincial Information Industry Office, Foreign Trade and Economic Cooperation Office, Science and Technology Office, and the People’s Government of Yantai City, and was undertaken by the People’s Government of Yantai Zhifu, the Information Industry Council of Yantai City, and China’s Software and Services Outsourcing Net. 

The award ceremony and symposium invited China’s leading software ministries and corporations, including Tata (China), Microsoft (China), Fujitsu, iSoftStone, Neusoft, Founder, and other senior managers to publish in-depth development analyses of China’s software outsourcing industry, with multi-cooperation as the main theme. The Yantai government also organized related enterprises in their image display, providing business opportunities for related enterprises and promoting rapid development of local enterprises in this field. 

In 2007, China’s software exports (outsourcing) ranking list, Shenyang Neusoft Software Co., Ltd., Insigma Technology Corp., Dalian Hi-Think Computer Technology Co., Ltd., Hisoft (International) Group, and other enterprises earned ranking as 2007 China’s Top 25 Export Software Enterprises. Insigma Technology Co. ranked in the top two of the list for the third consecutive year. 

The China software exports (outsourcing) ranking list has become the sole authoritative source relating to software exports and outsourcing. This event has begun to greatly attract purchasers abroad. The data is also recorded in the “Yearbook of China’s Software Industry” and adopted by related government ministries.