Achievo Corporation, global software and IT service outsourcing provider, will acquire the outsourcing business assets of AcornSoft Inc., a leading Chinese-based engineering outsourcing firm.

The deal will expand Achievo's service capabilities, infrastructure and global customer base. It will also strengthen the company's global team with important solutions expertise.

The new Achievo Shanghai division will include current AcornSoft outsourcing team. The division will become part of the company's global network, which includes Dublin, California, Beijing, Shenzhen, Boeblingen and Freiburg, and will serve US, European, Japanese, and Chinese markets.

Dr. Robert P. Lee, Chairman & CEO of Achievo said, "The acquisition of AcornSoft is yet another strategic move by Achievo to better serve our customers worldwide. AcornSoft's technical expertise in embedded systems, localization, systems and network management will be complementary to Achievo's existing range of service offerings. I am very excited to have the AcornSoft team joining the Achievo family to further expand our market reach globally. With this new Shanghai development center, Achievo will provide clients with more choice of locations for assigned project execution."