iSoftStone Holdings Limited, a China-based provider of IT and business process outsourcing services to clients, announced it has closed a round of financing led by Everbright Private Equity, the private equity arm of China Everbright Limited, a red-chip financial conglomerate and substantive shareholder of China Everbright Bank.
"We are happy to complete this growth financing with a well- regarded partner such as Everbright Private Equity," said TW Liu, Chairman and CEO of iSoftStone. "We believe that this investment, Fendi Prada Replica Handbags Replica Handbags which comes from an existing client of iSoftStone, is a validation of our service offering, particularly with domestic Chinese banking clients."
"Everbright is happy to have the opportunity to support our strategic relationship with iSoftStone," said Everbright Private Equity's Chairwoman, He Ling. "iSoftStone's 'China global' market positioning, client value proposition and management team are differentiators for us, as both a client historically and also now as a strategic investor."
China Everbright Bank, a nationwide commercial bank, has been a client of iSoftStone since 2007. Joining the round were existing investors AsiaVest Partners, Fidelity Asia Ventures, Infotech Pacific Ventures tag heuer replica and Mitsui Ventures Global Fund. Also joining this funding round is Wuxi Jinyuan Industry Investment Development, an investment arm of the Wuxi municipal government.
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