Asia PR News

DUBLIN, Calif., Nov. 28 /PRNewswire-AsiaNet/ –

Achievo Expands Into China’s Third Largest Urban Economy

Achievo Corporation, a CMM certified global software and IT outsourcing
provider headquartered in Silicon Valley with operations in the U.S., Europe,
Japan, and China, today announced the signing of a definitive agreement to
acquire Jeyo Computer Technology Limited. Jeyo is a successful software and IT
outsourcing service provider based in Guangzhou, the capital of the
Guangdong Province and the largest city in South China. This transaction
represents the continued execution of Achievo’s global growth strategy with a
focus on scaling its technical resource base in mainland China to serve global
clients. Jeyo possesses expertise in a variety of industries including mobile
phones, manufacturing, and telecommunication. Jeyo offers certified processes
and expertise in wireless applications, business intelligence solutions, and IT
services. Major customers include Guangdong Telecom, Huawei, IBM,Computer
Associates, Microsoft, and Oracle. Upon completion of the acquisition, Jeyo
will operate as a wholly-owned division of Achievo.

"Guangzhou has been a major center for China’s international trade for
over 300 years," said Raymond Tong, President of Achievo China. "Historically
it is a metropolis for creative, driven, and cross-border-minded entrepreneurs
who are at ease with exploring multi-national opportunities. Inbound foreign
investments are substantial and broad based. Today, with a population of 10
million and a GDP of RMB250 billion, the Greater Guangzhou Area is clearly on
a path to continue its double-digit annual GDP growth. It has a very large
and growing base of software value-added activities supported by a well-
established education infrastructure and engineering talents. Achievo looks
forward to expanding its new Guangzhou development center and accessing the
city’s attractive technical workforce."

"This acquisition further expands Achievo’s operations in China beyond its
existing presence in Beijing, Shanghai, Dalian, and Shenzhen," said Dr. Robert
P. Lee, Chairman and CEO of Achievo. "As Achievo has grown in the past year
through strategic M&A transactions in the U.S., Japan, China, and Germany, the
Jeyo acquisition will complement and further substantiate Achievo’s worldwide
service capabilities, technical expertise, and customer base."

"Since Jeyo was founded three years ago, our focus has been on building
our position as a strong software and IT service provider based in Guangzhou,"
said Fox Hu, CEO of Jeyo Computer Technology Limited. "I am extremely proud
of our team’s dedication and success to date. Going forward, we are very
excited to play a role in Achievo’s global growth opportunities. We are
already seeing our business increase as Achievo’s clients are looking for
outsourcing service support in this region. Guangzhou, as well as Achievo’s
new Jeyo Guangzhou Division, has a great deal to offer. We stand ready to
provide the best software and IT outsourcing solutions on a global scale."

Jeyo Computer Technology Limited
Jeyo Computer Technology Limited (http://www.jeyo.com.cn ) provides
software and IT outsourcing services to the mobile phone, manufacturing, and
telecommunication industries. Jeyo offers certified processes and expertise
in wireless applications, business intelligence solutions, and IT services.
Jeyo has extensive capabilities in J2EE, .NET, and embedded software and
utilizes a certified and proven development methodology. Major customers
include Guangdong Telecom, Huawei, IBM, Computer Associates, Microsoft, and
Oracle.

About Achievo
Achievo (www.achievo.com) is a CMM Certified software and IT outsourcing
provider specializing in the analysis, development, quality assurance,
testing, implementation, and maintenance of software projects. Achievo has
significant expertise in diverse technologies such as Java/J2EE, .NET, and
embedded platforms. Achievo has helped companies and governments save costs
immediately through its software development, quality assurance, and testing
services which enable them to complete their long-term mission-critical
applications more efficiently. Achievo can mobilize the right resources and
technologies globally to help clients shorten the path between their vision
and reality. Achievo works as a strategic partner with customers worldwide to
deliver cost-effective, quality-centric, and scaleable IT outsourcing
services. Achievo’s offices are located in the United States (headquarters),
Japan, Germany and China. Customers and partners include IBM, HP, Sun
Microsystems, Netgear, Cadence, Accela, China Academy of Sciences,
DaimlerChrysler, Ellie Mae, ESRI, Fujitsu, Mercedes Benz, Siemens, United Way,
Hitachi, NEC, Pioneer, NTT Data, Toshiba and other Fortune 100 companies.

For more information, visit www.achievo.com, contact ehung@achievo.com, or
call +1-925-828-5990 x102.

SOURCE Achievo Corporation

/CONTACT: +1-925-828-5990, ext. 102, or ehung@achievo.com/
/Web site: http://www.jeyo.com.cn/
/Web site: http://www.achievo.com/