Huawei, ChinaSoft team up on outsourcing

Market Watch says.

The contract stipulates that ChinaSoft International will hold 60% of the joint venture and will have three seats on the board, and that Huawei will hold 40% and will have two seats on the board.

ChinaSoft International's success as an IT outsourcing provider can be attributed to its experience, its efficient human resource supply system, and its outstanding management, development and services team.

Huawei is an important client of ChinaSoft International's outsourcing business, and it has experienced firsthand the high quality and cost-effectiveness of ChinaSoft International's delivery and outsourcing services. Likewise, ChinaSoft International is wholly familiar with Huawei's high quality management practices. By combining the qualities of both companies into this new joint venture, the vast experience of both companies can contribute to the creation of this new, top-ranking software outsourcing company.

Beijing-based ChinaSoft said in a statement that its wholly owned ChinaSoft International (China) Technology plans to set up an IT outsourcing flagship called ChinaSoft International Technology Services, Total Telecom reports. This company will consolidate its IT outsourcing resources in China, the US and Japan.

Huawei Technologies, currently a major outsourcing customer, will contribute 40% of the new company's 100 million yuan registered capital, it added.

Huawei, China's biggest telecoms equipment manufacturer, competes with Samsung Electronics and Apple in consumer electronics, and with Ericsson and Cisco Systems in telecoms network gear, The Economic Times notes.