BEIJING, March 16 /Xinhua-PRNewswire/ -- iSoftStone Information Service Corporation, a leading IT outsourcing service provider in China, today announced it has successfully raised $45 million Series-B Financing with Fidelity Asia Ventures, joined by Mitsui Ventures Global Fund, as well as previous investors AsiaVest Partners and InfoTech Pacific Ventures. Bocom Capital Partners acted as financial advisor to iSoftStone.

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"The new round of financing will help further strengthen iSoftStone's global reach and delivery capabilities, deepen and widen our vertical domain expertise, and accelerate our expansion into new business areas in ITO and BPO," said Mr. T.W. Liu, iSoftStone's Chairman and CEO. iSoftStone's rapid expansion was achieved primarily through organic growth as well as successful mergers and acquisitions. "What differentiate us from our competitors are our experienced leadership team, well-established resource management platform, keen focus on building vertical domains and end-to-end service capabilities." added Mr. Liu.

"We are very excited about China's software outsourcing industry and believe iSoftStone has the most attractive attributes to succeed in this market," added Mr. Daniel Auerbach, Managing Partner of Fidelity Asia Ventures. "We look forward to collaborating with management to build a world- class organization." AsiaVest's General Manager of its Beijing office Mr. Peter Hsieh also commented, "AsiaVest is very proud of the progress iSoftStone has made after we led its Series A round a little over a year ago. We also welcome new investors Fidelity Asia Ventures and Mitsui Ventures as we believe them to be true value adding partners."

About iSoftStone Information Service Corporation

iSoftStone Information Service Corporation (iSoftStone) is a leading IT outsourcing service provider in China. Headquartered in Beijing, iSoftStone has offices in the United States, Japan, Korea, as well as Chinese domestic presence in Wuhan, Shanghai, Dalian, Wuxi, Shenzhen and Tianjin. iSoftStone is a CMMI Level 5 company and has been certified with ISO9001 and ISO27001 (BS7799). iSoftStone has over 2,500 full-time employees.

For more information, please http://visit/http://www.isoftstone.com/ . About Fidelity Asia Ventures

Fidelity Asia Ventures (FAV) is the Asian venture capital arm of Fidelity International Ltd., part of the global Fidelity investment organization. FAV has offices in Hong Kong and Shanghai and invests in high-quality, high-growth companies in the Asian information technology and healthcare sectors, focusing primarily on opportunities in China. FAV has a successful track record of investing in leading companies in the region over the past 12 years, including Alibaba, Hurray, AsiaInfo, Dianji Technology, Wuxi Pharmatech, Xunlei, Zhongsou, and Asia Renal Care. Sister fund, Fidelity Ventures, manages over $800 million in investments from offices in Boston and London. For more information visit http://www.fidelityasiaventures.com/ .

About Mitsui Ventures

Mitsui Ventures ( http://www.mitsuiventures.com/ ) is the venture investment arm of Mitsui & Co., Ltd., an international trading and investment company headquartered in Tokyo, Japan ( http://www.mitsui.co.jp/ ). Independent of strategic objectives of Mitsui & Co.'s other business units, Mitsui Ventures acts as a financial investor and mainly provides early stage capital to entrepreneurial ventures in the world. Over the years, with a special expertise to accelerate business growth globally, Mitsui Ventures has invested in and contributed to the success of start-ups in the fields of communication, software, information services, life science, medical device, and retail services. Located in Tokyo, New York, Silicon Valley, Shanghai and Seoul, we currently manage over US$350 million in capital.

For more information, please contact: Sophie Yang iSoftStone Tel: +86-10-5874-9169 Email: jhyang@isoftstone.com

CONTACT: Sophie Yang of iSoftStone, +86-10-5874-9169, or
jhyang@isoftstone.com

Web site: http://visit/http://www.isoftstone.com/
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http://www.mitsuiventures.com/
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