Neusoft Acquires Finnish Mobile Solutions Company

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1st September 2009, 08:34pm - Views: 521





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MEDIA RELEASE PR35906

Neusoft Acquires Finnish Mobile Solutions Company


SHENYANG, Sep. 1 /PRNewswire-Asia-AsiaNet/ --


    Neusoft Corporation ("Neusoft", 600718.SH) announced on Aug. 27 that it has signed an agreement with

the Finnish software company Sesca Group Ltd. under which Neusoft will acquire Sesca's mobile phone

software development and testing business operations in Finland and Romania. According to the agreement,

Sesca's subsidiaries, Sesca Mobile Software Oy, Almitas Oy and Romania-based Sesca Technologies SRL

will be integrated into Neusoft global mobile solution business unit and will employ nearly 250 employees in

Europe.




    The acquisition is subject to regulatory approvals in China and is expected to close during autumn 2009.

The value of the acquisition has not been disclosed.


    In the last few years, Neusoft has been consistently building significant mobile expertise and employs now

more than 1,200 highly skilled engineers in the mobile solutions development and testing. Among others,

Neusoft mobile solutions customers include Nokia, China Mobile, and some other Japanese and US phone

makers. By acquiring exceptional talents and additional customers through the Sesca acquisition, Neusoft is

strengthening its position as a leader in the global product engineering market.


    "Neusoft is very pleased that with this acquisition we can significantly strengthen our expertise in mobile

phone software development and testing. Sesca's know-how is world class, and by uniting the business

operations of Sesca and Neusoft, we become one of the leading global companies in mobile phone software

development and testing," says Liu Jiren, Chairman & CEO of Neusoft Corporation.


    Jarmo Leino, Chairman of Sesca Group said: "As a global company, Neusoft will enhance its core

compentence by acquiring the talents and mobile phone software development and testing business from

Sesca, which will also create more value to the customers. On the other hand, now Sesca has partnering

opportunities with Neusoft in other business areas as well." 


    About Neusoft Corporation


    Neusoft is a leading IT solutions & services company and the largest offshore software and service

outsourcing provider in China. For more information about Neusoft, please visit: http://www.neusoft.com/en .

        

    About Sesca Group


    Finland-based Sesca Group is an international growth company which delivers instrumentation and control

systems as well as ICT systems for companies within energy production, process and ICT industries. For

more information about Sesca, please visit: http://www.sesca.com


    For more information, please contact:


     Evelyn Tang

     Senior PR Manager

     Neusoft Corporation

     Tel:   +86-24-8366-5663

     Email: tangyi@neusoft.com


SOURCE  Neusoft Corporation


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