China-based IT services provider iSoftStone Holdings Ltd (軟通動力集團) said yesterday it would build a research and development (R&D) center in Taipei as a global sales platform for technology solutions.
Senior vice president Eric Mou (牟永安), said iSoftStone was expected to invest a total of NT$100 million (US$3.47 million) in the R&D center from this year to 2013 to expand markets in China and other countries.
The Beijing-based company sells IT services to companies including Huawei Technologies Co (華為), Bank of China (中國銀行), China Life Insurance Co (中國人壽), UBS AG, IBM Corp, Microsoft Corp, Sharp Corp, Alcatel-Lucent SA and AT&T Inc.
Prior to building the center, iSoftStone will establish a joint venture with its Taiwanese partner, the Institute for Information Industry.
“First, we plan to set up a joint venture this year with a capital of NT$100 million and each party will take a 50 percent share of the venture,” said Bobby Ling (凌國大), director of industry support at the government-funded institute.
Ling made the remarks on the sidelines of an information and communication technology meeting where six Taiwanese companies and seven Chinese firms signed 12 memorandums of understanding (MOU).
The agreements, worth a combined NT$130 million, are in the areas of purchases, sales agencies, systems development and cooperation building.
The two-day meeting ends today. It has drawn participation from 400 business representatives, including 110 from Chinese cities — the most since it was first held in 2009.
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