BEIJING, March 10 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. (NYSE: VIT), an IT service provider and one of the leading offshore software development companies in China, today announced that the company has been ranked number one by Huawei Software in its most recent ranking of R&D services vendors. Huawei Technologies is a leader in next generation telecommunications networks. VanceInfo provides software development and testing services for various subsidiaries and divisions of Huawei Technologies in areas including billing systems, multimedia gateways, short message service (SMS) systems and mobile data service platforms. Huawei Technologies became one of VanceInfo's top ten clients in 2007. Huawei Software, a subsidiary of Huawei Technologies, is the largest contributor of VanceInfo's business from Huawei. Huawei Software performs regular reviews of its vendors. Vendors are ranked on factors including quality and timeliness of project delivery, testing capabilities, Capability Maturity Model(R) Integration (CMMI), project acceptance rate, residual defect rate, and stability of project teams. VanceInfo received the highest rating possible for project acceptance rate, timely delivery and team stability. As the top ranked company, VanceInfo will receive a 20 percent increase in billing rate, as well as more business opportunities with Huawei. Mr. Chris Chen, Chief Executive Officer of VanceInfo Technologies, stated, "Huawei Technologies' recent recognition of VanceInfo as its top vendor is very exciting for everyone here at our company. It is rewarding to have our hard work recognized, and I extend my congratulations to everyone here who made this achievement possible. Given Huawei's status as one of China's leading technology companies, I am especially pleased to have earned the number one position in the R&D outsourcing services category and it follows another year in which we made further improvements to our processes. With our accumulated experience in the telecom industry, our long standing relationship with clients such as Huawei, and our proven delivery capabilities and domain knowledge, we are confident that we can win more business in the telecom industry in the coming years." About VanceInfo VanceInfo is an IT service provider and one of the leading offshore software development companies in China. VanceInfo ranked among the top three Chinese offshore software development service providers for the North American and European markets as measured by 2006 revenues, according to International Data Corporation. VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, as well as globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution. Safe Harbor This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "should," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, the Company's dependence on a limited number of clients for a significant portion of its revenues, the overall economic growth in its principal geographic markets, the quality and portfolio of its services lines and industry expertise, and the availability of a large talent pool in China and supply of qualified professionals, as well as the PRC government's investment in infrastructure construction and adoption of various incentives in the IT service industry. Further information regarding these and other risks is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release and in the attachments is as of March 10, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For further information, please contact: Melissa Ning Director, Investor Relations VanceInfo Technologies Inc. Tel: +86-10-8282-5330 Email: Tip Fleming Christensen Tel: +852-2232-3922 Email: Chris Gustafson Christensen Tel: +1-602-980-0048 Email: Media contact: Jeffery Liu Manager, Marketing Tel: +86-10-82825266 ext. 8673 Email: DATASOURCE: VanceInfo Technologies Inc. CONTACT: Melissa Ning, Director of Investor Relations of VanceInfo Technologies Inc., +86-10-8282-5330, or ; Or Tip Fleming of Christensen, +852-2232-3922, or ; Or Chris Gustafson of Christensen, +1-602-980-0048, or ; Or Media contact: Jeffery Liu, Manager of Marketing, VanceInfo Technologies Inc., +86-10- 82825266 ext. 8673, or

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