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Covansys Corporation, a leading global provider of strategic outsourcing and integration services, today (March 29) announced the opening of a new office in Hong Kong. The US-headquartered company aims to establish a stronger presence in the Asia-Pacific region, where it sees strong demand for its IT services across the banking, financial services, insurance, retail and distribution and telecommunications markets.
"We are pleased to extend our presence in Hong Kong to meet the growing demand in the region while also improving our ability to meet the needs of our international clients," said Mr Raj Vattikuti, President and Chief Executive Officer of Covansys. "Hong Kong provides an excellent business environment for growth and we appreciate the opportunity to serve the local business community and our clients who have operations in the area."
Covansys has a strong Asia-Pacific and Middle East network, which includes operations in Dubai, India, Shanghai, Singapore, Sydney and Tokyo. "While our presence in Shanghai is well-established, the Hong Kong office will allow us to grow the company and to better serve clients who are based on the Mainland," explained Mr Rajesh Narasimhan, Covansys Senior Vice President and Head of Asia Pacific and Middle East. "We are confident that our local presence will be mutually beneficial to Hong Kong by our providing high quality IT services, specifically in the markets of financial services, banking and retail."
Associate Director-General of Investment Promotion at Invest Hong Kong, Mr Mark Michelson, said, "There are few cities in the world which offer a sophisticated technology infrastructure together with a world-leading logistics, financial and communications centre. As an IT service provider, Hong Kong is a natural fit for Covansys with its strong expertise and international reputation. I look forward to Hong Kong playing a pivotal role in Covansys' expansion plans for the Asia Pacific region."
Headquartered in Michigan, Covansys Corporation (Nasdaq:CVNS) is a global consulting and technology services company specializing in industry-specific solutions, strategic outsourcing and integration services. Covansys is known for strategic outsourcing and technology solutions in the healthcare, financial services, retail and distribution, manufacturing, telecommunications and high-tech industries. Founded in 1985, Covansys now has more than 8,700 consultants and employees worldwide. Covansys was one of the first US-based IT services companies to establish offshore facilities in India, and is a pioneer in seamlessly integrating offshore capabilities into its offerings. For more information, please visit: www.covansys.com.
Invest Hong Kong is the Hong Kong Special Administrative Region Government Department charged with encouraging and facilitating inward investment into the city by providing the support needed to establish or expand a business presence here. For more information, please visit the website at www.investhk.gov.hk.
Ends/Thursday, March 29, 2007
Issued at HKT 15:51
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