November 12, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Jingwei International Ltd. (NASDAQ: JNGW), a provider of data-mining, interactive marketing and software services in China, said that it has completed the acquisition of Shanghai Haicom Ltd., a Shanghai-based Internet and mobile value added service platform provider with business operations covering ten provinces in the People's Republic of China.

Under the deal terms, Jingwei acquired 100% of the equity interest in Haicom in exchange for up to RMB 55 million, or around $8.2 million, consisting of RMB 35 million, or around $5.2 million in cash, and up to 667,802 shares of stock, depending on the achievement with revenue and earnings targets for the fiscal year ending December 31, 2011.

China-based Jingwei is focused on enhanced data mining offerings that encompass interactive marketing, bundled mobility solutions and mobile value added services in an effort to capitalize on China's growth in mobile, internet and e-commerce applications.

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