PR

Date: May 16, 2011

Bleum Named Outsourcing Rising Star by IAOP

Shanghai, China, May 16, 2011 - Bleum Inc., a China-based IT outsourcing company that builds core systems and software products for U.S. and European companies, has been named one of the top 10 Rising Stars in global outsourcing by the International Association of Outsourcing Professionals. Identified earlier this year by IAOP as one of the top 100 global outsourcers for its sixth consecutive year, Bleum is the only China-based firm to be singled out for the additional Rising Star recognition.

The Rising Star category honors smaller fast-growing companies. Designed to replicate the evaluation process that customers use when selecting providers, IAOP 's panel of independent judges focuses on four criteria: size and growth rate, customer references, demonstrated competencies and management capabilities.

"Being named a Rising Star is a further validation from IAOP of Bleum's business model and the exceptional client value we deliver," says Eric Rongley, Bleum's founder and chief executive. "Rather than be all things to all people, we have built a company deliberately focused on developing mission-critical applications for companies and new products for software developers. We are the ideal partner for companies whose success depends on technology. "

Bleum helps drive innovation and improved performance for its clients. Bleum:

• Reduced trading latency for a U.S. hedge fund by 400% and created a real-time risk analysis capability, helping attract more than $2 billion in new assets under management in the second half of 2010 alone;
• Does 70% of the programming and runs two-thirds of the network operations center for one of the world's largest ecommerce sites, enabling it to handle massive volume during the holiday season and increase online sales 22% in 2010;
• Does 70% of the programming and runs two-thirds of the network operations center for one of the world's largest ecommerce sites, enabling it to handle massive volume during the holiday season and increase online sales 22% in 2010;

About Bleum
Founded in 2001, Bleum is a China-based IT outsourcer to U.S. and European companies in financial services, retail, software development, manufacturing, and industrial products as well as non-profits. Bleum drives improved performance for clients by developing, managing, testing and maintaining applications that are core to their businesses. Led by senior executives from top global technology and consulting firms, Bleum's Western management practices, English-only workplace and dedicated development centers enable it to become an integral extension of its clients' IT organizations. www.bleum.com.

About IAOP
The International Association of Outsourcing Professionals (IAOPTM) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members world-wide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit www.outsourcingprofessional.org.

FOR MORE INFORMATION, PLEASE CONTACT:
John Pabon
Public Relations Manager, Bleum, Inc.
Tel: +86-21-6282-1122
john.pabon@bleum.com