Chinese business process outsourcing firm iSoftStone Holdings Limited has closed a round of undisclosed amount of financing from a collection of private equity and venture firms.

HP has jointly announced with the Suzhou government that the two parties have signed a memorandum of understanding to set up a software outsourcing center in the city.

Software outsourcing and information technology services provider Achievo Corporation, has been awarded ISO/IEC 27001:2005 certification, the international standard for information security management, for its software development facilities in Tokyo, and Dalian.