The Symbio Group, a provider of outsourced software development, testing, globalization and support services out of China, has signed agreements with China's Hangzhou Municipal Government to establish a new software park in Hangzhou.

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. Scheduled to open in spring 2008, the Symbio software park in Hangzhou will house software teams responsible for business process outsourcing, financial services software development, and research and 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."

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