DarwinSuzsoft Raises $48 Million in First Round - Wakefield, MA

DarwinSuzsoft, a Wakefield-based IT services firm for outsourcing to China, has raised $48 million in a round of venture capital led by Francisco Partners. Though the company was founded 20 years ago, this is DarwinSuzsoft's first round of outside funding. The company's business model "combines deep U.S. industry domain experience and highly skilled, low-cost Chinese engineering capabilities." Its customers include more than 300 financial services, insurance, healthcare and high-tech companies. DarwinSuzsoft has about 1,000 employees in Wakefield, San Francisco, New York, Shanghai, Beijing, Hong Kong, Suzhou and Dalian, China.

http://www.darwinsuzsoft.com/News/NewsView.aspx?idv=146&id=1