13 December 2007
VanceInfo IPO buoys VC backers Sequoia, DCM
The Deal magazine devotes an article to the IPO announcement by VanceInfo Technologies Inc., the first Chinese technology services company to launch an initial public offering, and offers comments by DataArt Executive VP, Alexei Miller.
"Alexei Miller, executive vice president of DataArt Enterprises Inc., a New York provider of software outsourcing services with development offices in Russia and other locations, said Western companies are increasingly turning to foreign tech developers for sophisticated information technology tools, rather than for only call center, systems management and other lower-level services.
"Initially the offshore outsourcing industry was all about cost," he said. "Eventually, people started to think in terms of efficiency, not just cost, because there's a shortage of IT professionals in the U.S., London and other areas. You have to plug in all those talent holes."