China’s largest technology outsourcer Pactera, is set to go private under a consortium led by Blackstone Group LP, for $625 million.

The Beijing based outsourcer, which provides international consulting and technology based services, was formed from the merger of HiSoft Technology International Ltd and VanceInfo Technologies Inc.

Buyers including members of Pactera’s management team, succeeded after a revised premium offer was placed on the table, with a price of $7.30 per American depositary share (ADS). The offer is less than an previous offer of $7.50 ADS made in May, after financial results failed to meet predictions.

In response to the privatisation, the market saw a 39 per cent increase in the value of Pactera’s ADS.

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