Mascot expands Asian presence, major initiative in China

Mascot Systems, a software services company, has announced that it has expanded its Asian presence by entering into a partnership with a local Chinese IT services company Haihui Sci Tech. As part of the agreement Mascot systems will collaborate with Haihui Sci-Tech to execute offshore project engagements in China. The move is in line with Mascot's new strategy of de-risking its business by expanding its global operations.

The move by Mascot assumes significance as now the company would be able to establish its presence in China, which is gradually, emerging as an important IT service destination. The company announced that it is aiming at a long-term expansionist strategy in China and it will leverage its local business strengths to target leading international organisations planning development centers in China. It is also planning at a later stage to explore local business opportunities to further cement its presence in the region.

Gerhard Watzinger, CEO, Mascot Systems remarked that Mascot will continue to pursue its objective of diversifying its global presence and the company's partnership with Haihui Sci-Tech has provided it with a strategic access route into the Chinese market.