- Achievo Expands into the Growing Japanese Offshore Software Outsourcing Market -
Dublin, California - November 7th, 2005 - Achievo Corporation, a CMM certified global software and IT outsourcing provider headquartered in Silicon Valley with operations in the U.S., Europe, and China, today announced the signing of a definitive merger agreement with ANS Group. Advanced Network Services (ANS) Group is one of the most successful and fastest growing software outsourcing providers in Asia with deep expertise in the Japanese offshore outsourcing market. The acquisition further expands Achievo's worldwide service capabilities, technical skill set, and customer base. Achievo welcomes ANS Group's approximately 200 talented employees in Tokyo, Beijing, Shanghai, and Dalian, and is excited to work with a host of Japanese customers including Hitachi, NEC, Pioneer, Fujitsu, NTT Data, and Toshiba.
This transaction represents the continued execution of Achievo's strategy of focused acquisitions as well as internal organic growth in order to provide scaleable solutions to a broad range of outsourcing customers in major geographical regions. Upon completion of the acquisition, ANS Group will operate as a wholly-owned division of Achievo. Through synergistically leveraging ANS Group's considerable expertise in the Japanese offshore outsourcing market, Achievo sees tremendous opportunities in mobilizing its multi-city China resource base to help expand access to the vast outsourcing market in Japan.
"The huge potential of the Japanese offshoring market is well-known," said Dr. Robert P. "With this acquisition, Achievo takes a concrete forward step in establishing an important presence in Japan. Together, the integrated capabilities of Achievo and ANS Group will allow us to offer an even greater breadth of high quality and affordable solutions to a variety of power-house industries in Japan such as electronics, computer equipment, manufacturing, financial services, transportation, and telecom. With the acquisition of ANS Group, Achievo immediately gains a highly-experienced Tokyo team to service Japanese clients."
"The entire team at ANS Group is thrilled to join Achievo's impressive global organization which continues to lead the software and IT outsourcing industry in the U.S., Europe, and China," said Mr. Li Chen, founder and CEO of ANS Group. "With the addition of ANS Group, Japan will be added to Achievo's multinational service coverage. Within China, the expanded Achievo family will have directly-owned operations in Beijing, Shanghai, Shenzhen, and Dalian. We look forward to working with the successful Achievo team to help establish the company's leadership in the global software outsourcing market. We see an extremely exciting future for our enterprise."
About Advanced Network Services Group ANS Group (www.anscom.com.cn), established in 1997, is a global software development and IT outsourcing entity consisting of several companies in Japan and China. ANS group focuses on engineering and application development services for customers in Japan and Asia. With approximately 200 employees in four offices in Beijing, Shanghai, Dalian, and Tokyo, ANS Group has been a highly successful provider in the Japanese offshore software outsourcing space. ANS Group's industry focus spans computer hardware and software, electronics, telecommunications equipment, automotive, financial, and business services. ANS Group's technical focus includes enterprise, mobile phone, embedded, and network system development. Major customers include Hitachi, NEC, Pioneer, Fujitsu, NTT Data and Toshiba.
About Achievo
Achievo Corporation is a leading provider of software outsourcing and information technology services to a global client base primarily through its regional
offices in Japan, North America, Europe and Greater China. Five of Achievo's delivery centers in China are ISO-27001 certified, of which two are also ISO-9001
certified and another is CMMI level 5 certified. With expertise in diverse technologies including Java/J2EE, .NET and embedded platforms, Achievo offers improved
efficiencies, scale, diversification, and a skilled talent pool to deliver cost-effective, client-centric, and scalable IT outsourcing services to clients worldwide.
Headquartered in the San Francisco Bay Area, Achievo has offices in the United States, Canada, Germany, China and Japan. For information on the company and
its services, visit www.achievo.com.
