PE-backed hiSoft merges with VanceInfo
hiSoft Technology International, a major China-based company backed by investors including Wellington Management, Crosslink Capital and HarbourVest Partners has merged with VanceInfo Technologies.
The newly-merged entity, valued at $875 million, represents one of the largest mergers between two Chinese companies listed in the US - hiSoft trades on the NASDAQ and VanceInfo on the NYSE - and creates...
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