| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Courtney Chandler
617-375-4217
courtney@revolutionpartners.com |
|
| ........................................................................................................... |
DarwinSuzsoft Closes $48 Million in Financing
Funds to Fuel Leadership in IT Outsourcing to China Market
WAKEFIELD, Mass. (Aug. 7, 2007) - Revolution Partners today announced that DarwinSuzsoft, the leading U.S. IT services firm for outsourcing to China, has closed a $48 million round of financing led by Francisco Partners, one of the world's premier technology-focused private equity firms. This is the first round of outside funding in the company's 20-year history and one of the largest investments ever for an American IT outsourcing firm in China. Revolution Partners acted as the exclusive financial advisor to DarwinSuzsoft.
DarwinSuzsoft is the trusted gateway to China's emerging IT economy based on a unique business model that combines deep U.S. industry domain experience and highly skilled, low-cost Chinese engineering capabilities. Its customers, which include more than 300 financial services, insurance, healthcare and high-tech companies, benefit from a superior technological infrastructure, world-class IP protection, a deep talent pool with low staff turnover, and a domestic foothold within China, the world's fastest growing economic market. |
|
 |
|
"China's large pool of technical talent, its modern infrastructure and its tremendous cost position make it a compelling choice as a technology outsourcing destination for U.S. and multinational companies," said Neil Garfinkel, a founding partner of Francisco Partners. "DarwinSuzsoft is well positioned to capitalize on this opportunity through an established presence across China, a strong global management team and a proven model for bridging processes, cultures, language and distance."
For companies where competitive advantage depends on speed and efficiency, DarwinSuzsoft provides fast access to teams of experienced talent. The firm employs more than 1000 people across China and the U.S., and enjoys strong relationships with China's leading universities, Peking and Tsinghua, ensuring a deep bench of talented engineers. "
This recognition by one of the world's leading private equity firms is validation of our business strategy," said Dan Ross, CEO of DarwinSuzsoft. "The investment will enable our organization to further exceed customer expectations and accelerate our development and growth."
DarwinSuzsoft offers a portfolio of IT services delivered via project-based teams or offshore development centers (ODCs). Its proven capabilities include commercial software development, ERP system design and implementation, staff augmentation, enterprise architecture and design, data warehousing, business intelligence, Web services and Web development, system transformation or replatforming and quality assurance and testing.
About DarwinSuzsoft
DarwinSuzsoft is a leading provider information technology (IT) outsourcing and consulting services, combining 20 years of U.S. IT consulting experience with a deep engineering presence in China. Clients gain local accountability, rich domain experience and high-quality outsourced development capabilities at substantial savings over most Indian firms. With more than 1,000 employees in Boston, San Francisco, New York, Shanghai, Beijing, Hong Kong, Suzhou and Dalian, China, DarwinSuzsoft serves many of the world's largest companies in financial services, high tech, insurance and healthcare industries. For more information, visit www.darwinsuzsoft.com
About Francisco Partners
Francisco Partners is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses. With approximately $5.0 billion of committed capital, Francisco Partners pursues structured investments in technology companies, targeting investments in private companies, public companies, and divisions of public companies, with transaction values ranging from $30 million to $3.0 billion. For more information, visit www.franciscopartners.com.

Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.
Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.
|