SHENYANG, China, Sept. 28, 2012 /PRNewswire/ -- Neusoft Corporation ("Neusoft", 600718.SH), a leading IT solution and service provider in China, was named a Chinese global challenger by The Boston Consulting Group (BCG), a reflection of its rapid growth and global expansion. BCG unveiled the list of Chinese global challengers at the World Economic Forum's summer meeting and also released a report, 2012 BCG 50 Chinese Global Challengers: End of Easy Growth, describing their successes and analyzing the challenges they face.
BCG developed a series of quantitative and qualitative tests in order to create a list of companies that is broadly representative of China's globalization landscape and the Chinese economy. The Chinese global challengers range in size from $180 million to around $300 billion in annual sales. Nearly one-half of the companies are private, while 26 of them are owned by the state. Thirteen of them generate more than one half of their revenue from overseas.
Dr. Liu Jiren, Chairman & CEO of Neusoft said: "We are very proud to be recognized as one of 50 Chinese global challengers by BCG. Neusoft has always committed to the globalization and open innovation strategies, and actively expanding our business in overseas markets by cooperating with world-renowned enterprises in various areas. Taking innovation as the major driving force, Neusoft is accelerating its global expansion and globalization process."
"We selected a group of companies in order to celebrate their accomplishments and to bring to life the accomplishments of Chinese companies generally in entering the global economy," said Ted Chan, a BCG partner and co-author of the report. "There are so many success stories in China."
Neusoft is the leading IT solution and service provider in China with operations across the globe. Focusing on software technology, Neusoft provides industry solutions, product engineering solutions and related software products & platform, and services. With more than 20,000 employees around the world, Neusoft has a comprehensive marketing and service network in more than 40 cities across China, as well as subsidiaries in the U.S., Europe, Japan and the Middle East. The Company is the first listed software company in China and is traded on the Shanghai Stock Exchange. For more information, please visit: http://www.neusoft.com.
About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 77 offices in 42 countries. For more information, please visit bcg.com.
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