Revenue rises by 61 percent as company expands to meet increased demand
NEW YORK, LONDON and BEIJING, March 19, 2013 /CNW/ - Shinetech Software Inc., a leading agile application development outsourcing provider, today announced that 2012 was their most successful year to date, achieving revenue growth that exceeded 61 percent.
As client partnerships increased significantly during the past year, Shinetech strengthened its employee base; adding 82 new sales, marketing and technical staff members in the United States, China, Germany and Sweden. The company also added a series of new sites in China to meet growing global demand for offshore development.
Milestones from 2012 include:
- 61.5 percent increase in revenue
- Honored by Gartner as a 2012 "Cool Vendor"
- Addition of a second New York office
Shinetech attributes the company's growth to a steadily rising client base – domestic and international – leading to strong referrals and success-based marketing. "Our continued achievements are based on our ability to exceed expectations," said John Vanderpool, Vice President of Global Operations for Shinetech. "We have become known for delivering high-quality software development with reduced costs and time to market. As a result, we are attracting larger companies and long-term client partnerships."
The first quarter of 2013 shows that Shinetech's client base, which includes members of the Fortune Global 500 and other leading international organizations, is continuing its pattern of growth. In addition, a new partnership with Intershop launched in January 2013 will enable Shinetech to bring the leading e-commerce multi-channel platform to China's retail market. The company anticipates exceeding its revenue expectations for the balance of the year.
About Shinetech Software, Inc.
Shinetech Software is a global leader in providing application development outsourcing, testing, systems integration, and solution delivery services from cost competitive, high-skilled operations centers in China. Over the past 10 years, Shinetech has accumulated extensive experience in the financial, manufacturing, healthcare, telecommunications, media, software, government, energy, education, e-commerce, and online gaming sectors. Our experience with various technologies and industries enables us to successfully adapt to our client's diverse needs ensuring successful project execution. Shinetech is also recognized as a leader in Agile development, leveraging Scrum and XP expertise. Headquartered in Beijing, the company has offices in New York, London, Shanghai, and Suzhou. To learn more, visit www.shinetechchina.com.
Media and Analyst Inquiries
508-620-0791, ext. 18
1230 Avenue of the Americas
New York, NY 10022
SOURCE: Shinetech Software Inc.
For further information: