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VanceInfo taps into Vic IT funding

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The Victorian government is claiming a payoff for its $AU85m ICT strategy, with US-listed, Chinese-headquartered VanceInfo announcing plans to add 100 new jobs in its Melbourne office.

The company, with a workforce 12,000-strong in China, cited Victoria’s talent pool, infrastructure, and government support as driving its forecast expansion. It recently won a place on the Victorian Government’s e-services panel. With this announcement, Melbourne is to be the company’s A/NZ headquarters.

Billing itself as aiming to outdo the burgeoning Indian outsourcing market, the company announced Q3 revenue of $US70m and profit of $US24mi. Some 90 per cent of its staff are now in China, but VanceInfo is pitching international expansion as its next strategy.

Tech minister Gordon Rich-Phillips said: “The Victorian Coalition Government is investing in the ICT sector to ensure that the right conditions exist in Victoria to support the growth of ICT businesses and boost Victoria’s digital economy.”

“Victoria offers companies access to world-class talent and R&D infrastructure in a cost-competitive business environment.”

The Victorian state government has been haunting a host of IT companies to fill commercial real estate in Melbourne, which hopefully might offset the sharp downturn in developer employment in Australia’s games studios this year. ®

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