On the morning of Apr. 29, the signing ceremony for China Software Service Investment Fund, the first software and service outsourcing PE fund in the country, was grandly held in Wuxi Liangxi Hotel, east China's Jiangsu Province.
Mainly sponsored by China Soft Investments Corporation and based in Wuxi City, China Software & Service Investment Fund is the first PE fund in the software & service outsourcing sector in China. The fund, with a total size of RMB200.00M and RMB100.00 M in Phase I, was jointly set up by China Soft Investments Corporation, Wuxi Software Industry Development Co., Ltd., Wuxi Innovation Venture Capital Co., Ltd., and Wuxi Venture Capital Co., Ltd.
After its outset, the fund will make equity investments in the software vendors with a certain business scale, core technologies and industrialization ability, and excellent business models and teams, placing top priority on the quality projects in the software & service industry in Wuxi New District to promote the resource integration in the software industry. At the same time, China Soft Investments Corporation will set up a subsidiary in Wuxi to take charge of the fund management and operation, and guide and promote the introduction of quality projects into Wuxi New District by mobilizing relevant industry players.
China Soft Investments Corporation, as an innovative investment institution created by senior IT and financial professionals, is dedicated to providing services for the fast-growing software, service, IT technology sectors in China.
