Software developer VanceInfo buys outsourcing firm - BusinessWeek

Software developer VanceInfo buys outsourcing firm - BusinessWeek Software developer VanceInfo Technologies Inc. said Tuesday it has purchased LW International Holdings Ltd., a Chinese business outsourcing services company. China's VanceInfo will pay $5.6 million in cash and stock for the company, with further payments based on LW International's performance during the next three years. LW, also known as Lifewood, was started in 2004 and serves clients in the U.S., Europe and Asia Pacific regions, mainly in the health care, publishing and financial services sectors. VanceInfo said there are increasing synergies with between the business outsourcing and information technology businesses. Lifewood reported about $4.5 million in net revenue last year.