Pactera's CHO, Jin He, and vice-president, Lin Demao is being interviewed at the press conference.

Pactera Technology International, a new company that is the result of a merger of HiSoft Technology International and VanceInfo Technologies, has been doing well, according to the new firm’s top leaders, who spoke at a press conference, on April 17, in Beijing.

Pactera provides business and IT consultation, solutions, and outsourcing services to Fortune 500 and top Chinese companies in the area of finance, technology, telecoms, tourism, transportation, energy, bioscience, manufacturing, and retailing. It is mainly exploring the IT innovational fields in data, cloud computing, and smart finance.

The press conference gave the participants a peek at its latest impressive financial service products, and, according to Kuang Wenchuan, a GM in Pactera’s financial solutions division, “Smart financial services have very promising prospects and will surely be the competitive core of banks.” Pactera spent three months working on the merger,?and completed in?November 2012, an action that can take three years. It now has 23,000 employees in 30 branches around the world, 18 of them in China, but, according to Lin Demao, Pactera’s vice-president, “Compared with international outsourcing leaders, we still have a long way to go. It took Indian companies 30 years to lead the industry, but we’re giving ourselves 15 to 20 years to reach the top.”

Lin went on to explain, “Instead of just hiring more people, we pay more attention to technological innovation and service improvement.”

Other participants at the press conference were Pactera’s CTO, Rui Xianglin, CHO, Jin He, cloud computing expert, Wu Kai, BI specialist, Wang Chuangzhou, and finance specialist, Wang Yongheng.