Pactera Technology International Ltd., () is an
IT consulting
A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization.
Consulting servic ...
and
outsourcing
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...
company with corporate headquarters in
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
,
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, and regional headquarters in North America, Europe, and Asia Pacific. The service areas of the company are in technology, telecom, finance, insurance, energy, travel, manufacturing, retail and logistics.
History
The company was formed in November 2012 through a merger between China-based IT services firms
HiSoft
HiSoft Technology International Limited was a multinational information technology and business process outsourcing company headquartered in Dalian, China.
Founded in 1996, HiSoft was listed on the NASDAQ public exchange in 2010.
In November 2 ...
and
VanceInfo
VanceInfo (officially VanceInfo Technologies Inc.) is an IT outsourcing company headquartered in Beijing, China. It ranks first among Chinese offshore software development service providers for the North American and European markets as measured b ...
,
creating a major IT consulting and technology services BKL (Basic Knowledge Language) provider with corporate headquarters located in China and over 23,000 employees at time of merger.
[
Pactera was subsequently acquired by a consortium led by the ]Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...
and was delisted from NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
from 28 March 2014.
On 13 January 2016, Pactera announced its acquisition of Blue Fountain Media (BFM), a New York-based digital agency specializing in growing brands online through custom website design, results-driven digital marketing
Digital marketing is the component of marketing that uses the Internet and online based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services. Its development duri ...
and mobile application development for both B2B and B2C companies across all industries spanning start-up to enterprise.
On 21 July 2016, Pactera announced its launch of "Moonshot by Pactera Digital," a digital innovation outpost located in 1871, Chicago's premier technology hub.
On 22 Aug. 2016, Pactera announced that Blackstone Group L.P. and other shareholders of Pactera have entered into a share purchase agreement with HNA EcoTech Group Co. Ltd., an affiliate of HNA Group
HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner ...
, for the sale of almost all the issued and outstanding shares.
On 19 January 2020, the Hong Kong subsidiary of China Electronics Corporation
China Electronics Corporation (, CEC) is a Chinese state-owned company and one of the largest producers of telecom equipment in China for both civilian and military purposes. acquired Pactera.
See also
*China Software Industry Association The China Software Industry Association (CSIA) is the major representative and one of the most active associations in the China software industry. Its goal is to promote the development of software industry in China and provide a hub with oversea ...
*List of IT consulting firms
The following is a list of the largest notable information technology consulting firms in the world, along with their corporate headquarters location and the total number of consultants they have. Many of these serve primarily as third-party consu ...
*Software industry in China
The software industry in China is the business of developing and publishing software and related services in China. The size of the industry including software and information services in 2013 was worth 3060 billion RMB (about $493 billion) accord ...
References
External links
Official Website
{{IT consulting and outsourcing companies of China
Companies formerly listed on the Nasdaq
Companies based in Beijing
Business process outsourcing companies
Outsourcing companies
Chinese companies established in 2012
Chinese brands
2014 mergers and acquisitions