Pactera
{{Short description|Chinese multinational IT consulting & outsourcing company}}
{{Use dmy dates|date=July 2022}}
{{more citations needed|date=January 2013}}
{{Infobox company
| name = Pactera Technology International Ltd.
| logo = File:Pactera logo.png
| industry = Information technology
| foundation = 1995
| key_people = Eric Tong (Chairman of HNA Tech Group), Tiak Koon Loh (CEO)
| parent =
| divisions =
| subsid =
| footnotes =
| homepage = [http://www.pactera.com www.pactera.com]
}}
{{Infobox Chinese|t=文思海輝技術有限公司|s=文思海辉技术有限公司|p=Wénsī Hǎihuī Jìshù Yǒuxiàn Gōngsī|order=st}}
Pactera Technology International Ltd., ({{lang|zh|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,{{cite press release|url=http://www.prnewswire.com/news-releases/pactera-technology-international-ltd-and-vanceinfo-technologies-inc-announce-completion-of-merger-178171591.html|title=Pactera Technology International Ltd. and VanceInfo Technologies Inc. Announce Completion of Merger | date=9 November 2012 |publisher=Pactera Technology International Ltd. |website=Cision PR Newswire |access-date=2017-08-14}} 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.
Pactera was subsequently acquired by a consortium led by the Blackstone Group and was delisted from NASDAQ from 28 March 2014.{{cite web |url=http://www.chinamoneynetwork.com/2014/03/29/blackstone-completes-625m-privatization-of-pactera |title=Blackstone Completes $625M Privatization of Pactera |date=29 March 2014 |website=China Money Network }}
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.{{Cite press release |url=http://www.prnewswire.com/news-releases/pactera-acquires-blue-fountain-media-300203788.html |title=Pactera Acquires Blue Fountain Media |date=13 January 2016 |publisher=Pactera Technology International Ltd. |website=Cision PR Newswire |language=en |access-date=2017-08-14}}
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.{{Cite press release|url=http://www.prnewswire.com/news-releases/pactera-launches-moonshot-innovation-outpost-300301947.html |title=Pactera Launches Moonshot Innovation Outpost |date=21 July 2016 |publisher=Pactera Technology International Ltd. |website=Cision PR Newswire |language=en |access-date=2017-08-14}}
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.{{Cite web |url=http://truebluepartners.com/hna-pactera-spotlight/|title=HNA Acquires Pactera (NASDAQ: PACT) from Blackstone |date=2 September 2016 |website=True Blue Partners |language=en-US |access-date=2017-08-14}}
On 19 January 2020, the Hong Kong subsidiary of China Electronics Corporation acquired Pactera.{{Cite web |last=Chan |first=Vinicy |last2=Baigorri |first2=Manuel |date=17 January 2020 |title=HNA Sells Pactera to State-Owned CEC for $750 Million |url=https://www.bloomberg.com/news/articles/2020-01-17/hna-said-to-sell-pactera-to-state-owned-cec-for-750-million |access-date=20 February 2025 |website=Bloomberg}} 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
{{Portal|Companies}}
References
{{Reflist}}
External links
- [http://www.pactera.com Official Website]
{{IT consulting and outsourcing companies of China}}
Category:Companies formerly listed on the Nasdaq
Category:Companies based in Beijing
Category:Business process outsourcing companies
Category:Outsourcing companies