CVIC SE Signs a Strategic Partnership Agreement with E5 Systems to Extend its International Business

On October 31, 2002 CVIC SE held a press conference in Beijing with E5 Systems, which is an advanced application management company, headquartered in the U.S., to establish a strategic cooperation to exploit the international software market.
Mr. Jing Xinhai, President and CEO of CVIC SE, Mr. Liangquan, CTO of CVIC SE, Mr. Zhu Fengming, Overseas Business Director of CVIC SE, Mr. Gordon Brooks, President and CEO of E5 Systems, and George Lu, President of E5 Global Outsourcing, all attended the conference. Mr. Chen Chong, Chairman of the Executive Council, Chinese Software Industry Association, was also invited to the conference.

Mr. Jing Xinhai said, "Due to China's entry into the World Trade Organization (WTO), the China domestic market has become an indivisible part of the international market. It is necessary for China's enterprises to speed up the internationalization process in order to survive in the sharp market competition." He continues, "It is a win-win cooperation between CVIC SE and E5 Systems. E5 has a broad global market and a strong software industry background. And it has also gained a good understanding of the resources in China and can serve as an outstanding bridge that links CVIC SE to the mainstream software outsourcing market - the U.S. market."

Mr. Gordon Brooks said, "China has always been a key part of the E5 vision as we believe that in the near future, China will be the worldwide leader of global sourcing. China will make this a reality by adopting U.S. application management processes, which will greatly enhance the abilities of Chinese IT resources to compete and win globally. E5 will help lead the way." He added, "CVIC SE has the deep software expertise, knowledge of business-specific systems, world-class technology, and a fundamental understanding of the discipline needed to manage enterprise applications, which makes this a compelling partnership."

Mr. George Lu said, "E5 has the right outsourcing model for China, which combines mainstream U.S. application management engagements with vast and deep China resources to seamlessly make large-scale outsourcing invisible to clients. The cooperation with CVIC SE will provide E5 Systems with a delivery network of highly skilled, business savvy application management resources with domain and vertical expertise. CVIC SE's resources are fully trained and integrated to provide global outsourcing services through E5's delivery model. "

According to the cooperation agreement, CVIC SE and E5 Systems expect that the software exports value will reach a record US$100 million in five years.