Camelot

What Camelot does

Camelot Technology Co., Ltd. is a Beijing-headquartered enterprise IT services firm founded in 1994 that provides software development, cloud services, digital transformation, business process outsourcing, and enterprise application maintenance through a "strategic partner" delivery model. The company operates 15+ delivery centers across mainland China plus offshore/nearshore hubs in Dalian, Tokyo, Hong Kong, Taiwan, and the USA, enabling onsite, nearshore, and offshore engagement. Its proprietary platforms include the iTB2.0 AI-augmented talent pool management system for resource deployment and a 24/7 operations management system, alongside industry-specific solutions such as a manufacturing execution system (MES) for metal production adapted from POSCO's operating model and proprietary logistics and supply chain finance systems.

The company serves approximately 350 enterprise clients across ten verticals — manufacturing, real estate, international IT consulting, telecom/media/education, internet, financial industry, logistics, energy, consumer goods and retail, and overseas strategic clients — with named customers including POSCO, Xiaomi Group, RRS Supply Chain Technology, Vanke, and Suning. Camelot generates revenue primarily through custom-quoted professional services and managed services contracts under long-tenured flagship partnerships with SAP (Hosting Partner since 2001), IBM, Oracle, HP, Microsoft, and Accenture; certifications include CMMI Level 5, ISO 9001, and ISO 27001.

Camelot was listed on the NYSE in July 2010, completed a going-private transaction in 2016, and in 2022 became a controlled subsidiary of Kingsoft Cloud (NASDAQ: KC), which acquired controlling interests to integrate Camelot's enterprise IT service capacity and accelerate its enterprise cloud services business. The company was concurrently renamed Camelot Technology Co., Ltd. while retaining its existing management team and overall strategy.

Name

Camelot

Legal name

Camelot Technology Co., Ltd.

Website

https://camelotchina.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Camelot Technology Co., Ltd. is a Beijing-based enterprise IT services firm founded in 1994, providing software development, cloud services, and digital transformation to 350+ enterprise clients across manufacturing, finance, and logistics via 15+ delivery centers in China and overseas. It is a controlled subsidiary of Kingsoft Cloud since 2022.

Ownership category

akta.pro rank

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Comprehensive IT Services: IT Technical & Staffing Services, Industry Solutions Services, Offshore Development Center Services, and Cloud Services provided to enterprise clients. Services include dedicated remote delivery centers, IT all-skills staffing, custom application design & development, ERP implementation, system migration, and cloud migration/maintenance.
2. Digital Solutions and Services: Manufacturing Industry Solutions including MES for stockyard, sintering, coking, pelletizing, iron making; Logistics Solutions for operations efficiency and cost-saving; Industry-specific application development.
3. Operations and Maintenance Services: Enterprise Application Maintenance Services including SAP ERP and third-party enterprise-grade business application systems. Business Process Outsourcing services including customer service centers and data tagging.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Camelot Technology Co., Ltd. is a Beijing-headquartered IT services company that delivers Comprehensive IT Services (IT Technical & Staffing, Industry Solutions, Offshore Development Center, and Cloud Services), Digital Solutions and Services (Manufacturing Industry Solutions and Logistics Solutions), and Operations & Maintenance Services (Business Process Outsourcing and Enterprise Application Maintenance) to large enterprise clients. The company operates through dedicated onsite, nearshore, and offshore delivery centers across China, with subsidiaries in Japan, Hong Kong, Taiwan, and the USA, providing consulting, implementation, and managed services under a strategic partnership model.

Product overview

Camelot Technology Co., Ltd. is a comprehensive IT services provider offering strategic partnership-based services across three core categories: Comprehensive IT Services (IT Technical & Staffing, Industry Solutions, Offshore Development Center, Cloud Services), Digital Solutions and Services (Manufacturing Industry Solutions, Logistics Solutions), and Operations and Maintenance Services (Business Process Outsourcing, Enterprise Application Maintenance). The company operates through dedicated remote delivery centers across China with onsite, nearshore, and offshore delivery capabilities, serving major enterprises in manufacturing, finance, logistics, telecom, and other industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive IT Services A core service umbrella combining IT Technical & Staffing Services, Industry Solutions Services, Offshore Development Center Services, and Cloud Services delivered via dedicated remote delivery centers and onsite, nearshore, and offshore models. It targets large enterprise clients needing software development, testing, ERP implementation, system migration, and cloud migration/maintenance.
• IT Technical & Staffing Services Dedicated remote delivery centers providing IT all-skills staffing covering software development, testing, UI, data modeling, and ERP consulting, designed for enterprises requiring flexible IT workforce scaling.
• Industry Solutions Services Custom application design and development (sales and marketing, new technology enablement, smart logistics, OA), ERP application implementation, operation and maintenance, and IT consultancy for enterprise clients.
• Offshore Development Center Services System migration (e.g., legacy mainframe to open system platforms), software development and testing, and system operation and maintenance services delivered from offshore and nearshore centers for cost-effective enterprise delivery.
• Cloud Services Staffing services on cloud technologies, cloud-based application migration, and cloud-based application maintenance for enterprises moving workloads to cloud platforms.
• Digital Solutions and Services A core service category providing industry-specific digital solutions including Manufacturing Industry Solutions (MES for stockyard, sintering, coking, pelletizing, and iron making) and Logistics Solutions for operational efficiency and intelligent logistics enablement.
• Manufacturing Industry Solutions Pre-stage Manufacturing Execution System (MES) integrating POSCO management, control model, and system architecture for stockyard, sintering, coking, pelletizing, and iron making processes with production-to-order, plan control, cost accounting, and quality control capabilities for metal manufacturing enterprises.
• Logistics Solutions Proprietary logistics solutions delivering efficiency, cost-saving, and business intelligence for operations efficiency, reducing logistical cost and waste, and enabling intelligent logistics and equipment for logistics and supply chain enterprises.
• Operations and Maintenance Services A core service category combining Business Process Outsourcing and Enterprise Application Maintenance Services for SAP ERP and third-party enterprise-grade business application systems, with remote operations centers and on-site support.
• Business Process Outsourcing BPO services supporting enterprise business operations including Internet retail business, customer service centers, and data tagging services delivered to enterprise clients.
• Enterprise Application Maintenance Services Operation and maintenance services for SAP ERP and other third-party enterprise-grade business applications delivered through a remote operations and maintenance support center coupled with on-site support, targeting large enterprises with stable application environments.

Quantifiable outcome

• Delivered 2600+ projects to 350 clients
• +2 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core, minor and flagship.

• Xiaomi GroupcoreStrategic or Co-development Partner · 20 June 2023Strategic cooperation agreement signed for human technology outsourcing. The partnership focuses on win-win future development through technology outsourcing collaboration.
• China Development Research FoundationminorOthers · 1 January 2016Camelot cooperated with the foundation and invested in Project David in 2016 and 2018. Created all-round innovative technology solutions and technical support for the Foundation, and donated the whole system and software copyright.
• RRS Supply Chain TechnologycoreTechnology or IntegrationSuccessful launch of logistics financial management system for RRS Supply Chain Technology to advance and standardize RRS's management and operational efficiency as part of digital transformation.
• SAPflagshipTechnology or IntegrationLong-term SAP-certified vendor for application operations and maintenance services. SAP Hosting Partner since 2001. Awarded SAP Best Ecosystem Partner and SAP Best High-Tech Industry Solution. First domestic certified partner of SAP AMS.
• IBMflagshipTechnology or IntegrationCore Services Provider of IBM (first of its kind in Asia). Strategic Solutions Partner of IBM, SAP, Oracle. Certified Supplier in Asia-Pacific. Participated in IBM BOTH Development Center Project and Castle Program.
• HP (Hewlett Packard)coreTechnology or IntegrationStrategic Solutions Partner for GADSC, CSC, EDS. Collaborated on software outsourcing business for European and American clients.
• AccenturecoreImplementation/ SI/ Consulting PartnerStrategic Solutions Partner of Accenture for joint service delivery to enterprise clients.
• MicrosoftcoreTechnology or IntegrationSolutions Partner of Microsoft for technology integration and service delivery.
• OraclecoreTechnology or IntegrationStrategic Solutions Partner of Oracle for database and enterprise solutions.
• POSCOcoreStrategic or Co-development PartnerIntegrated POSCO management, control model, and system architecture to enable MES for stockyard, sintering, coking, pelletizing, iron making processes.
• China Yanghe GroupminorStrategic or Co-development PartnerEstablished joint-venture ZYG E-Commerce Company with China Yanghe Group for e-commerce operations.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Chinasoft International: Chinasoft International is a leading China-headquartered IT services firm offering software development, BPO, cloud, and enterprise digital transformation to large enterprises and government — directly comparable to Camelot in service portfolio, vertical mix (financial services/manufacturing), and offshore delivery model.
• iSoftStone: iSoftStone is a Beijing-based IT services and consulting firm providing software R&D, digital operations, cloud, and AI services to enterprise clients across China and overseas — the closest head-to-head comparable to Camelot in terms of vertical mix, staffing-led delivery model, and Fortune 500 client roster.
• Beyondsoft: Beyondsoft is a Chinese IT services and consulting company offering software development, testing, BPO, and digital transformation with significant offshore delivery capability — comparable to Camelot in service lines, target verticals (financial services, manufacturing), and offshore/nearshore delivery structure.
• Pactera (formerly Vance Info Technologies): Pactera was a leading China-origin IT services firm (formerly Vance Info) providing offshore software development, consulting, and localization to global enterprises — closely mirrors Camelot's offshore delivery model, vertical focus, and Fortune 500 client base prior to its take-private.

Broad incumbents

• Infosys: Infosys is a global IT services and consulting incumbent offering digital transformation, application maintenance, cloud, and enterprise solutions across industries — overlaps with Camelot's service portfolio but at vastly larger scale and with broader geographic and vertical reach.
• Accenture: Accenture is a global professional services incumbent with IT consulting, managed services, and digital transformation offerings — comparable to Camelot at the high-end consulting/strategic-partner layer, but with far broader geographic and capability footprint. Camelot is listed as an Accenture Strategic Solutions Partner.
• Tata Consultancy Services (TCS): TCS is a global IT services, consulting, and business solutions incumbent operating across industries with deep enterprise digital transformation capabilities — comparable to Camelot's enterprise IT services and BPO offerings, though at substantially larger scale.
• Wipro: Wipro is a global IT services and consulting firm providing application development, cloud, BPO, and digital transformation — overlaps with Camelot's services portfolio in application maintenance, ERP services, and offshore delivery, with much larger geographic reach.
• Cognizant: Cognizant is a global IT services firm specializing in digital, technology, consulting, and operations — comparable to Camelot's enterprise application services, BPO, and offshore delivery model, though serving primarily US/European enterprise clients.

Others

• Kingsoft Cloud (parent): Kingsoft Cloud is Camelot's parent company since 2022 and a major China cloud infrastructure provider — not a direct competitor but the most relevant ecosystem participant, since Camelot's enterprise digital transformation services increasingly bundle Kingsoft Cloud's infrastructure as the underlying platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Camelot