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HiSoft Technology quiet period ends August 8

August 3, 2010

HiSoft Technology Int'l, a second largest China-based provider of outsourced IT and R&D services, will see its quiet period end on Sunday, August 8th. On June 29th, the company raised $74 million by offering 7.4 million shares at $10, below the range of $11-$13. Deutsche Bank Securities, UBS Investment Bank and Citi acted as lead managers on the deal.