BEIJING, May 14 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc.
(NYSE: VIT), an IT service provider and one of the leading offshore
software development companies in China, today announced that VanceInfo has
been ranked number one among Chinese offshore software development vendors
for North American and European markets as measured by 2007 revenues,
according to International Data Corporation ("IDC").

    IDC is a global provider of market intelligence for the information
technology, telecommunications, and consumer technology markets. In its
latest sector study, IDC anticipates that the Chinese offshore software
development market will reach approximately US$8.95 billion in offshore
software development services revenues in 2012 with a five-year compound
annual growth rate (CAGR) of 35.3%. Furthermore, the projected five-year
CAGR for Europe and North America markets is 44.7%. In 2009, Europe and
North America will replace Japan and Korea as the largest import region
providing revenues for Chinese offshore outsourcers.

    Mr. Chris Chen, Chief Executive Officer of VanceInfo Technologies,
stated, "IDC's recent report ranking us as the top Chinese offshore
software development company for North American and European markets
recognizes what we have achieved and is rewarding for all of us here at
VanceInfo. This report, together with our listing as the first Chinese
outsourcing company on the New York Stock Exchange, clearly demonstrates
that we have been one of the leading players in the industry. I look
forward to achieving many more "firsts" in the coming years. Once again, I
would like to thank everyone here at VanceInfo for all the hard work and
contributions that have made these achievements possible."

    About VanceInfo

    VanceInfo Technologies Inc. is an IT service provider and one of the
leading offshore software development companies in China. VanceInfo was the
first China software development outsourcer listed on the New York Stock
Exchange. The Company ranked number one among Chinese offshore software
development service providers for the North American and European markets
as measured by 2007 revenues, according to International Data Corporation
(IDC). VanceInfo's comprehensive range of IT services includes research &
development services, enterprise solutions, application development &
maintenance, quality assurance & testing, and globalization & localization.
VanceInfo provides these services primarily to corporations headquartered
in the United States, Europe, Japan and China, targeting high growth
industries such as technology, telecommunications, financial services,
manufacturing, retail and distribution.

    Safe Harbor

    This press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as will,
should, expects, anticipates, future, intends, plans, believes, estimates,
and similar statements. Such statements are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected. Further information regarding these and other risks is
included in VanceInfo's filings with the U.S. Securities and Exchange
Commission, including its registration statement on Form F-1. This press
release also contains estimates, projections and statistical data related
to the IT services market in several countries, including China. This
market data, including data from IDC, a leading independent market research
firm, speaks as of the date it was published and includes projections that
are based on a number of assumptions and are not representations of fact.
The IT services market may not grow at the rates projected by the market
data, or at all. The failure of the market to grow at the projected rates
may materially and adversely affect our business and the market price of
our ADSs. All information provided in this press release and in the
attachments is as of May 14, 2008, and VanceInfo does not undertake any
obligation to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.



    For further information, please contact:

     Melissa Ning
     Director, Investor Relations
     VanceInfo Technologies Inc.
     Tel:   +86-10-8282-5330
     Email: ir@vanceinfo.com

     Tip Fleming
     Christensen
     Tel:   +852-9212-0684
     Email: tfleming@ChristensenIR.com

     Peter Homstaad
     Christensen
     Tel:   +1-480-614-3026
     Email: phomstad@christensenIR.com

     Media contact:
     Jeffery Liu
     Manager, Marketing
     Tel:   +86-10-82825266 x8673
     Email: jeffery_liu@vanceinfo.com

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