Pactera Technology International Ltd.
IndustryInformation technology
Founded1995
HeadquartersDalian, China
Key people
Eric Tong (Chairman of HNA Tech Group), Tiak Koon Loh (CEO)
Number of employees
30,000 (2017)[1]
Websitewww.pactera.com
Pactera
Simplified Chinese文思海辉技术有限公司
Traditional Chinese文思海輝技術有限公司

Pactera Technology International Ltd., (文思海辉技术有限公司) is an IT consulting and outsourcing company with corporate headquarters in Beijing, China, and regional headquarters in North America, Europe, and Asia Pacific. The service areas of the company are in technology, telecom, finance, insurance, energy, travel, manufacturing, retail and logistics.

History

The company was formed in November 2012 through a merger between China-based IT services firms HiSoft and VanceInfo,[2] creating a major IT consulting and technology services BKL (Basic Knowledge Language) provider with corporate headquarters located in China and over 23,000 employees at time of merger.[1]

Pactera was subsequently acquired by a consortium led by the Blackstone Group and was delisted from NASDAQ from 28 March 2014.[3]

On 13 January 2016, Pactera announced its acquisition of Blue Fountain Media (BFM), a New York-based digital agency specializing in growing brands online through custom website design, results-driven digital marketing and mobile application development for both B2B and B2C companies across all industries spanning start-up to enterprise.[4]

On 21 July 2016, Pactera announced its launch of "Moonshot by Pactera Digital," a digital innovation outpost located in 1871, Chicago's premier technology hub.[5]

On 22 Aug. 2016, Pactera announced that Blackstone Group L.P. and other shareholders of Pactera have entered into a share purchase agreement with HNA EcoTech Group Co. Ltd., an affiliate of HNA Group, for the sale of almost all the issued and outstanding shares.[6]

On 19 January 2020, the Hong Kong subsidiary of China Electronics Corporation acquired Pactera.[7] However, the US Business was not included in the sale, and the Pactera EDGE business unit (U.S. based) of Pactera was spun off as a separate company. While Pactera Technology International, Ltd. and Pactera EDGE are two separate companies, Pactera Technology International, Ltd. authorized the use of its trademark "Pactera" to Pactera EDGE. Pactera EDGE is owned by its management team.

See also

References

  1. 1 2 "FORM 6-K (period: November 30, 2012)". Pactera Technology Limited Ltd. 15 November 2012 – via Morningstar Document Research.
  2. ↑ "Pactera Technology International Ltd. and VanceInfo Technologies Inc. Announce Completion of Merger". Cision PR Newswire (Press release). Pactera Technology International Ltd. 9 November 2012. Retrieved 14 August 2017.
  3. ↑ "Blackstone Completes $625M Privatization of Pactera". China Money Network. 29 March 2014.
  4. ↑ "Pactera Acquires Blue Fountain Media". Cision PR Newswire (Press release). Pactera Technology International Ltd. 13 January 2016. Retrieved 14 August 2017.
  5. ↑ "Pactera Launches Moonshot Innovation Outpost". Cision PR Newswire (Press release). Pactera Technology International Ltd. 21 July 2016. Retrieved 14 August 2017.
  6. ↑ "HNA Acquires Pactera (NASDAQ: PACT) from Blackstone". True Blue Partners. 2 September 2016. Retrieved 14 August 2017.
  7. ↑ "Pactera Becomes Member Company of China Electronics Corporation" (Press release). PR Newswire. 19 January 2020. Retrieved 1 July 2022.
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