Neusoft Becomes First SEI PCMM Appraised Company in China

SHENYANG, China, July 31st, 2008 - As Dr. Liu Jiren, Chairman & CEO of Neusoft Corporation, took the PCMM V2.0 ML3 appraisal from Srinivas Thummalapalli, a lead appraiser authorized by Software Engineering Institute (SEI), Carnegie Mellon University, USA on July 10th, 2008, Neusoft has become the first and the only SEI PCMM ML3 appraised company in China.
CMM, also Capability Maturity Model, is a process approach proposed and developed by SEI that provides software development teams with effective development capacity improvement and evaluation. PCMM, also the People Capability Maturity Model, is designed to help organizations enhance their capacities from time to time by attracting, developing, motivating, and retaining talents through effective HR planning.
The People CMM consists of five maturity levels that establish successive foundations for continuously improving individual competencies, developing effective teams, motivating improved performance, and shaping the workforce the organization needs to accomplish its future business plans. Neusoft has passed the third level appraisal of the People CMM, the defined level. At this level, the organization builds an organization-wide framework of workforce capacity management in line with their business development strategy and targets to improve and encourage employee competitiveness, which may establish a stable foundation for quantitative management, forecast, and overall enhancement of organizational competence.
Speaking of Neusoft s obtaining of SEI PCMM ML3 appraisal, Ms. Chen Xianli, the project coordinator, stated that the Corporation has paid much attention to the improvement of people capability and the integration of employee management, organizational process management, and technical management over these years. Neusoft has continuously introduced the highest industrial standards into the improvement of its HR system. Early in 2001, the Corporation had started the research and application of best practices of different processes in PCMM; on April 20th, 2007, a dedicated project team was set up for SEI PCMM ML3 appraisal with the IS Division. Over the past months, Neusoft has strived every day to successfully obtain the SEI PCMM ML3 appraisal, which shows its never-ending pursuit in HR management and capability improvement to ensure a guaranteed supply of human resources for long-term development. It is reported that Neusoft will continue to challenge Level 5 by integrating business processes and technical management to optimize HR management practices & systems and establish an efficient, mature HR operating system, combining people, processes and technologies well together for optimal corporate competence.
Wang Jingxi, Senior Vice President of Neusoft, said that Neusoft, as a leading IT solutions & services provider that considers HR management as one of its core competitiveness, is determined to develop a large pool of qualified talents. From only several people 17 years ago to today s 13,000 employees, the Corporation s employee number has increased by 4,000 times. Neusoft has performed many valuable researches and practices in the field of HR management & development by continuously establishing and improving HR management system with high maturity. This has helped establish a stable foundation for providing HR capability, developing leadership, shaping committed, professional and efficient workforce, and realizing the structure and improvement of its strategic performance. Neusoft s obtaining the PCMM ML3 appraisal has also affirmed its efforts in reinforcing HR management capability over the past 17 years, symbolizing that the people capability maturity of Chinese software enterprises has grown to a global leading position.
It is said that Neusoft has continuously introduced the highest industrial standards into its quality management system and HR management system, being appraised by CMM ML3, CMM ML5, CMMI ML5, and CMMI (V1.2) ML5 in the year of 2000, 2001, 2002, 2004, and 2007, respectively. It has been recognized as a leader of its kind in China in quality system. In 2004, the Corporation released an e-HR management system, which is designed to help enterprises boost HR management comprehensively with improved HR management efficiency, optimized HR management process, enhanced service quality, and decision-making support. By developing human resources, Neusoft has built its core competitiveness to create more value for customers and the society.
Also, this is another milestone breakthrough following its acquiring of CMMI (V1.2) ML5 appraisal on December 28th, 2007. It may help ensure a guaranteed HR supply for its global expansion, but also offer valuable experience for other local software enterprises in China to develop their own human resources. Among all, the most significant thing is that, it helps create a wide space for Chinese software enterprises to expand into global marketplaces.

About P-CMM
The People Capability Maturity Model (People CMM) is a framework that helps organizations successfully address their critical people issues. Based on the best current practices in fields such as human resources, knowledge management, and organizational development, the People CMM guides organizations in improving their processes for managing and developing their workforces. The People CMM helps organizations characterize the maturity of their workforce practices, establish a program of continuous workforce development, set priorities for improvement actions, integrate workforce development with process improvement, and establish a culture of excellence. Since its release in 1995, thousands of copies of the People CMM have been distributed, and it is used worldwide by organizations, small and large in U.S.A, India, European countries and Australia.
The People CMM consists of five maturity levels that establish successive foundations for continuously improving individual competencies, developing effective teams, motivating improved performance, and shaping the workforce the organization needs to accomplish its future business plans. Each maturity level is a well-defined evolutionary plateau that institutionalizes new capabilities for developing the organization's workforce. By following the maturity framework, an organization can avoid introducing workforce practices that its employees are unprepared to implement effectively.
About Neusoft Corporation
Neusoft is a leading IT solutions & services provider in China.

Neusoft was established at Northeastern University China in 1991. It offers a rich portfolio of businesses, mainly including industry solutions, product engineering solutions, software products & platform, and services. As of today, Neusoft has set up 8 regional headquarters, 16 software development & technical support centers, 5 software R&D bases and a comprehensive marketing & service network in over 40 cities across China, as well as subsidiaries in, respectively, USA, Japan, Hong Kong, the United Arab Emirates, Hungary and India, maintaining a total of more than 13,000 employees.

In addition, it has set up 3 information institutes and a Biomedical & Information Engineering School in, respectively, Dalian, Nanhai, Chengdu, and Shenyang.

Neusoft is the first listed software company in China. Meanwhile, it is also the first software corporation that has passed CMM5, CMMI(V1.2)5 and PCMM3 appraisals in China. Now, Neusoft has become the largest offshore software outsourcing service provider in the territory.