The Symbio Group (www.symbio-group.com), a leading provider of outsourced software development, testing, globalization and support services out of China announced that it has signed agreements with China's Hangzhou Municipal Government to establish a new 120,000 square feet state-of-the-art software park in Hangzhou -- the capital of East China's Zhejiang Province.

The Symbio East Software Park will be the first outsourcing center in Hangzhou and plans are to employ more than 1,500 people in its first phase of operations. Opened in Spring 2008, the Symbio software park in Hangzhou houses software teams responsible for business process outsourcing (BPO), financial services software development, and research & development.

"With the establishment of the Symbio East Software Park, we are continuing to expand to become a global software company focused on innovation," said Jacob Hsu, CEO of Symbio. "Symbio has one of the largest teams of software engineers in China and our vision is to build an innovation ecosystem, working in our state-of-the-art technology centers in China to develop tomorrow's technologies."

"Symbio selected Hangzhou, the Silicon Valley of China, because of its convenient location south of Shanghai and its role as a major commercial center for entrepreneurs," Mr. Hsu pointed out. "We will be establishing our global Technical Support Center and BPO Solutions Practice, our global Financial Solutions Innovation Practice, and an incubator for China market entry services and Chinese Internet start-ups within this new facility. This is going to be a game-changer in the China outsourcing market and will show the world Symbio's commitment to creating solutions for global innovators."

In addition to the Symbio East Software Park, Symbio has software development facilities in Beijing, Shanghai, and Chengdu, China as well as Taipei, Taiwan.

About Symbio

Symbio leverages China outsourcing teams to help companies become global leaders. It helps organizations accelerate their software development and testing cycles by optimal application of its global resources and delivery models. Symbio also localizes and supports technology products for any language or locale. Founded in 1994 by a group of engineers from IBM's international research and development labs in Asia, Symbio now functions as a cost-effective and highly efficient extension of an organization's development, testing and globalization teams. Symbio's clients are among the world's elite companies including: AOL, BMC, CA, Citigroup, EMC, FileNet, IBM, MasterCard, Mercedes-Benz, Microsoft, Nokia, Oracle, Palm, Sony, as well as more than 300 other leading organizations.