BEIJING, Dec. 27, 2013 /PRNewswire/ -- Pactera Technology
International Ltd. (Nasdaq: PACT) ("Pactera" or the "Company"), a
global consulting and technology services provider headquartered in
China, announced today that it has
entered into several agreements (the "Transfer Agreements") with
ChinaSoft International Limited (SEHK: 354) ("ChinaSoft") and its
affiliates under which the Company will sell and transfer certain
of its outsourcing business with Huawei, the Company's major
telecom client, (the "Huawei Outsourcing Business to Transfer") to
ChinaSoft and its affiliates.
(Logo: http://photos.prnewswire.com/prnh/20130118/CN37843LOGO
)
In accordance with the Transfer Agreements, the Company and its
affiliates will sell, and ChinaSoft and its affiliates will
purchase the Huawei Outsourcing Business to Transfer, including
relevant business contracts, and the Company and its affiliates
will procure the transfer of relevant project teams. In addition,
the Company and its affiliates will transfer to ChinaSoft and its
affiliates certain assets and leases in connection with the Huawei
Outsourcing Business to Transfer.
The closing of the transactions contemplated by the Transfer
Agreements is expected to occur in the first quarter of 2014.
About Pactera
Pactera provides world-class business and IT consulting,
solutions, and outsourcing services to a wide range of leading
multinational firms through a globally integrated network of onsite
and offsite delivery locations in China, the United
States, Europe,
Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services
include business and technology advisory, enterprise application
services, big data analytics, application development &
maintenance, mobility, cloud computing, infrastructure management,
software product engineering & globalization, and business
process outsourcing. For more information, visit
www.pactera.com.
For investor and media inquiries, please contact:
Tracy Zhou
Investor Relations
Pactera Technology International Ltd.
Tel: +86-10-5987-5138
E-mail: ir@pactera.com
SOURCE Pactera Technology International Ltd.