Zsoft, a Gateway for International Outsourcing Companies Entering China

Zsoft, a Gateway for International Outsourcing Companies Entering China

April 24, 2006

    BEIJING, April 24 /Xinhua-PRNewswire/ -- Zhongguancun
Software Association announced today that approximately US$
2 million in outsourcing software development business was
up for grabs in the Second Software Outsourcing Summit in
Beijing, which kicked off on April 18 and ended on April
20.

    Four foreign outsourcing companies, mainly from Europe
and America, were planning to find software developers at
the summit to handle their to-be outsourced projects valued
at about US$ 2 million.  Among them, a US-based national
chain supermarket company would outsource its information
system construction work in the next 10 years, which was
part of its management system.  The first phase of this
project alone would amount to US$ 500,000, according to
Zsoft.

    The software outsourcing fair, organized by
Zhongguancun Software Association (Zsoft), is a platform
for domestic software developers and mainly overseas
outsourcing companies to meet business partners and strike
deals.

    During the second summit, Zsoft also launched its
English version website http://www.zsoft.cn , enabling
prospective participants to book the outsourcing summit
admission tickets online.

    The English website would also serve as a platform
through which software developers and business outsourcers
could meet.

    A transaction platform, which is jointly sponsored by
Zsoft and Shanghai Pudong Development Bank, was also
launched in the summit to lure American outsourcing
business.

    In a bid to facilitate the software outsourcing
business flowing from America to China, Zsoft had already
set up a special platform last November which is
specifically targeting American outsourcing companies and
where small-sum outsourcing business deals can be
negotiated and traded.

    So far, a total of US$ 6 million worth of software
outsourcing business is now in talks with American
companies thanks to the platform, which is in addition to
the US$ 1.6 million deal that has already been secured,
Zsoft said.

    The software outsourcing summit, organized by Zsoft, a
Beijing-based non-profit software industry association,
will be held four times a year, in April, July, September
and November respectively.

    Zsoft also signed an agreement with US-based
International Association of Technology Trade(IATT) at the
summit, which would facilitate IATT's 10,000-strong member
firms to outsource their software business to Zsoft's
member firms.

    IATT, according to the agreement signed with Zsoft,
will certify 10 Chinese software developers that are
qualified to handle America-originated software outsourcing
business and promote them in its own website.  IATT will
also help train those 10 Chinese firms until they secure
outsourced business deals from America.

    The outsourcing event also attracts domestic companies
that are planning to outsource their software development
business.

    An unnamed domestic construction and decoration company
is interested in outsourcing its information system
construction work, indicating that the outsourcing market
is not only confined to overseas outsourcers.

    Zsoft, the software industry association, is hoping to
set up a "software factory" by consolidating the
sector.  It is also planning to train those software
developers, which are in great demand by many software
companies.

    The industry association, which is composed by
5000-strong member firms, has also set up a special
committee to deal with the software business originating
from America.

    It is currently seeking a liaison officer in America
who will be in charge of finding potential software
outsourcers in America and introducing them to attend the
Zsoft-organized outsourcing summit.

    For more information, please contact:

     Ms. Ada (Lu Jun)     
     Zhongguancun Software Association     
     Tel:   [phone]     
     Email: [e-mail]

SOURCE  Zhongguancun Software Association