Analyst Report Ranks Achievo Third Among Top Ten IT Offshore Software Development Providers in China

Analyst Report Ranks Achievo Third Among Top Ten IT Offshore Software Development Providers in China

September 27, 2007

    SAN RAMON, Calif., Sept. 27 /Xinhua-PRNewswire/ --
Achievo(R) Corporation, the leading global software and
information technology outsourcing provider with a local
front-end and China back-end service model, today announced
it has been ranked by IDC as one of the top three
China-based IT offshore software development providers
based on 2006 revenues. In addition to pricing advantages,
the IDC report cited Achievo management team's solid
experience with multi-national corporations and other
overseas companies, and CMMI Level 5 certification. This is
the first time Achievo has been included in IDC's annual
analysis of the top China-based offshore providers.

    (Logo: http://www.xprn.com.cn/xprn/sa/200611291032.jpg
)

    According to IDC's China-based Offshore Software
Development 2007 ¨C 2011 Forecast and Analysis (Doc
#CN221101P, Mar 2007), the China-based offshore software
development market reached $1.4 billion in 2006 at a 48.4
percent growth rate over 2005.  The market's 5-year
compound annual growth rate (CAGR), is estimated at about
37.9 percent and is predicted to increase to $6.9 billion
by 2011. 

    Achievo is ranked third among the top 10 IT vendors in
China and is estimated to control 3.3 percent of the total
available market share and five percent of the available
market share from Europe and North American markets. The
2006 top 10 providers together accounted for 30.7 percent
of the total offshore software development revenue in
China, amounting to $425.6 million in revenues. 

    According to IDC, the China-based offshore software
development market remained a high-growth market in 2006 at
a rate of 48.4% over 2005. The market experienced
significant consolidation in 2006. The top 10 providers'
2006 shares together accounted for 30.7% of total
China-based offshore software development revenue,
indicating an increase of 6.5 percentage points over 2005
and an 88.8% revenue growth. The Europe and North America
market will remain a faster-growing market compared with
the Japan and Korea markets with a five-year CAGR of 48.6%,
much higher than the overall market's. The Europe and North
America market will, in fact, be the source of more than
50% of the total offshore software development market
revenue up to 2011.

    IDC is the premier global provider of market
intelligence, advisory services and events for the
information technology, telecommunications and consumer
technology markets.

    About Achievo 

    Achievo is a global offshore software and information
technology outsourcing provider with a local front-end and
China back-end service model. With expertise in diverse
technologies including Java/J2EE, .NET and embedded
platforms, the CMM- and ISO- certified company offers
improved efficiencies, scale, diversification, and a
combined talent pool to deliver cost-effective,
quality-centric, and scalable IT outsourcing services to
customers and partners worldwide. Customers include Accela,
 Audi, BMO Bank of Montreal, CA, China Mobile,
DaimlerChrysler, Hitachi, Honda, Mitsubishi, Nomura,
Siemens, Toyota and Vidient. Headquartered in the Silicon
Valley, Achievo has offices in the United States, Canada,
Germany, China and Japan. For information on the company
and its services, visit http://www.achievo.com .

    (C) 2007 Achievo Corporation. All rights reserved.
Achievo is a registered trademark of Achievo Corporation in
the United States and in other countries. All other
trademarks are the property of their respective owners.




    For more information, please contact:

     Jayme Curtis, Public Relations
     Achievo Corporation
     Tel:   [phone]				
     Email: [e-mail]