 | |
Native name | 软通动力信息技术 (集团) 股份有限公司 |
|---|---|
| Company type | Public |
| SZSE:301236 | |
| Industry | Information technology |
| Founded | October 2001; 23 years ago (2001-10) |
| Founder | Liu Tianwen |
| Headquarters | Beijing, China |
Key people | Liu Tianwen (Chairman & CEO) |
| Revenue |  CN¥17.58 billion (2023) |
| CN¥486.71 million (2023) | |
| Total assets |  CN¥15.62 billion (2023) |
| Total equity | CN¥10.60 billion (2023) |
Number of employees | 85,470 (2023) |
| Website | www |
| Footnotes / references [1] | |
iSoftStone Information Technology (Group) Co., Ltd. (iSoftStone;Chinese:软通动力;pinyin:Ruǎntōng Dònglì) is apublicly listed Chineseinformation technology company headquartered inBeijing.
In 2001, iSoftStone was founded byMIT Sloan School of ManagementMBA graduate Liu Tianwen.[2][3]
iSoftStone initially focused on providinginformation technology consulting and outsourcing services where it served clients such asIBM,AT&T andMicrosoft.[2][4] However it didn't compete with firms that focused on much large global projects such asAccenture, IBM orHewlett-Packard.[4] Instead its competitions were mainly other Chinese firms as well as firms based in countries that had low wage costs.[2][4]
iSoftStone made several acquisitions in the US. In February 2008 it acquired Akona Consulting, aSeattle-based business and technology consulting firm.[2][3] In October 2010, it acquiredBoston-based Ascend Technologies and in August 2011, acquired Adventier Consulting Group.[3]
In December 2010, iSoftStone held itsinitial public offering to become a listed company on theNew York Stock Exchange (NYSE) where it raised $141 million.[2][4]
Due to declining performance and stock prices iSoftStone made the decision to go private.[5] In April 2014, it accepted an offer fromChina Everbright Investment Management to take it private in a $332 million deal and was eventually delisted from the NYSE.[6]
iSoftStone attempted to go public in China and made threebackdoor listing attempts but they all failed. In early 2022, iSoftStone regained its status as a listed company by listing on theChiNext section of theShenzhen Stock Exchange. At this point, the majority of iSoftStone's revenue came from Chinese companies with almost 50% of it coming fromHuawei.[5]
According to a report in December 2024 by Canalys, iSoftStone secured second place in the desktop and notebook shipment rankings in Q3 2024.[7]
| China-based | |
|---|---|
| China-focused | |
