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MagRabbit Invests in Softech and Announces a Strategic Partnership

MagRabbit Invests in Softech and Announces a Strategic Partnership

MagRabbit and Softech Announce a Strategic Partnership to Provide Offshore Information Technology and Business Process Outsourcing Solutions in Vietnam

Austin, Texas (September 17, 2007). MagRabbit, Inc., a leading global supply chain management services provider, has announced a strategic partnership with Softech, a leading provider of information technology and business process outsourcing services located in the Danang Software Park in Danang, Vietnam. The partnership between MagRabbit and Softech is strongly positioned to provide industry leading offshore information technology and business process outsourcing services in Danang as well as Ho Chi Minh City.

With a large pool of dedicated, disciplined, and highly trained information technology resources, Vietnam is quickly becoming an impressive player in the global information technology outsourcing industry. The MagRabbit and Softech partnership will assist organizations in every phase of their product development lifecycle, including development, testing, and maintenance. The partnership will also have the ability to staff an organizations’ Offshore Software Development Center (OSDC) with a dedicated team. The partnership’s business process outsourcing services include back office functions, administration, call center, and human resources.

We are extremely excited about the launch of our partnership with Softech. Softech is a recognized leader in Vietnam for information technology and business process outsourcing services, and Softech’s robust presence in Danang was very attractive to us” said Mr. Tommy Hodinh, MagRabbit Chairman and CEO. Mr. Thuy Nguyen, Softech Director remarked, "I have been very impressed with MagRabbit’s innovative approach to solving its customer’s information technology and business process challenges, and we look forward to a strong partnership that will provide best in class solutions to our customers."

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