Sybase and China Comservice Form Joint Venture to Ignite Telecommunications Market Opportunities Across China
Poster: SySAdmin
Posted on June 16, 2011 at 1:14:01 PM
Sybase and China Comservice Form Joint Venture to Ignite Telecommunications Market Opportunities Across China
Company to Bring Leading Technologies, Unrivaled Industry Expertise and Access to Serve Burgeoning Market
BEIJING, June 16, 2011 /PRNewswire/ --Sybase, Inc., an SAP company (NYSE: SAP) and industry leader in enterprise and mobile software, and China Communications Services Corporation Limited (CCS or China Comservice, HKG: 0552)-- China's largest integrated services provider for the telecommunications sector--today announced the signing of an agreement to form a joint venture to address opportunities in the burgeoning China market. The new company, combining the leading technologies, unrivaled industry expertise and vast market access from both parties, will provide telecom operators, enterprises and government agencies first-class data management and analytics offerings, mobile device management and applications, mobile commerce and mobile Internet value-added services.
(Logo: http://photos.prnewswire.com/prnh/20101203/MM12180LOGO)
"To be successful in the China IT market, a company must have both the best-in-breed technology offerings and the broadest industry expertise and market access," said Li Ping, Chairman of CCS. "This joint venture will leverage the rich industry expertise, broad market access and strong local support of CCS to bring Sybase's leading software solutions to customers in the country."
China, with a population of 1.3 billion, has the world's biggest number of fixed-line and mobile subscribers, as well as the largest fiber optic and mobile network capacities. By April 2011, mobile users in China reached 900 million, among whom 67 million were 3G subscribers. In this vibrant market, CCS is the largest provider of telecom infrastructure services, business process outsourcing, and application and content development.
"For the past two decades, Sybase has been committed to accelerating China's IT infrastructure growth, with a focus on the telecommunications industry globally and especially in China," said John Chen, Chairman and CEO of Sybase. "Together with CCS, we are well positioned to bring to market the full set of Sybase's leading enterprise-class technologies, including Sybase ASE, Sybase IQ, Sybase Unwired Platform and Sybase mobile commerce services."
According to the IT Application Market 2010-2011 annual report by CCID Consulting, China's leading IT research institute, Sybase claims 25.1 percent database market share in China's telecommunications sector, ranking No. 2 among all software vendors.
The joint venture will start operations after receiving Chinese government approval, expected later this year.
About Sybase
Sybase, an SAP company, is the industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices. Our information management, analytics and enterprise mobility solutions have powered the world's most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information, visit http://www.sybase.com. Read Sybase blogs: http://blogs.sybase.com.Join the conversation on Twitter at @Sybase and@MobileWork.
About China Comservice
China Comservice is a leading service provider in the People's Republic of China, in commitment of "building word-class networks for the informatization services," providing integrated support services in the informatization sector, including telecommunications infrastructure services, business process outsourcing services and applications, content and other services. All the major telecommunications operators in the PRC, namely, China Telecom, China Mobile and China Unicom are our customers and also our shareholders. We also provide services to government agencies, telecommunications equipment manufacturers, corporate customers and public customers. Our service coverage is spread across the nation and we have also extended our business to over 50 countries and regions globally. For more information, visit http:www.chinaccs.com.cn.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Sybase is a registered trademark of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated. ® indicates registration in the United States.
SOURCE Sybase, Inc.
Photo:http://photos.prnewswire.com/prnh/20101203/MM12180LOGO
http://photoarchive.ap.org/
Sybase, Inc.
CONTACT: Crystal Lu of Sybase Public Relations, (925) 236-6431, Crystal.lu@sybase.com; or CCS Investor Relations, (852) 3699- 0000, ir@chinaccs.com.hk
Web Site: http://www.sybase.com
Company to Bring Leading Technologies, Unrivaled Industry Expertise and Access to Serve Burgeoning Market
BEIJING, June 16, 2011 /PRNewswire/ --Sybase, Inc., an SAP company (NYSE: SAP) and industry leader in enterprise and mobile software, and China Communications Services Corporation Limited (CCS or China Comservice, HKG: 0552)-- China's largest integrated services provider for the telecommunications sector--today announced the signing of an agreement to form a joint venture to address opportunities in the burgeoning China market. The new company, combining the leading technologies, unrivaled industry expertise and vast market access from both parties, will provide telecom operators, enterprises and government agencies first-class data management and analytics offerings, mobile device management and applications, mobile commerce and mobile Internet value-added services.
(Logo: http://photos.prnewswire.com/prnh/20101203/MM12180LOGO)
"To be successful in the China IT market, a company must have both the best-in-breed technology offerings and the broadest industry expertise and market access," said Li Ping, Chairman of CCS. "This joint venture will leverage the rich industry expertise, broad market access and strong local support of CCS to bring Sybase's leading software solutions to customers in the country."
China, with a population of 1.3 billion, has the world's biggest number of fixed-line and mobile subscribers, as well as the largest fiber optic and mobile network capacities. By April 2011, mobile users in China reached 900 million, among whom 67 million were 3G subscribers. In this vibrant market, CCS is the largest provider of telecom infrastructure services, business process outsourcing, and application and content development.
"For the past two decades, Sybase has been committed to accelerating China's IT infrastructure growth, with a focus on the telecommunications industry globally and especially in China," said John Chen, Chairman and CEO of Sybase. "Together with CCS, we are well positioned to bring to market the full set of Sybase's leading enterprise-class technologies, including Sybase ASE, Sybase IQ, Sybase Unwired Platform and Sybase mobile commerce services."
According to the IT Application Market 2010-2011 annual report by CCID Consulting, China's leading IT research institute, Sybase claims 25.1 percent database market share in China's telecommunications sector, ranking No. 2 among all software vendors.
The joint venture will start operations after receiving Chinese government approval, expected later this year.
About Sybase
Sybase, an SAP company, is the industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices. Our information management, analytics and enterprise mobility solutions have powered the world's most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information, visit http://www.sybase.com. Read Sybase blogs: http://blogs.sybase.com.Join the conversation on Twitter at @Sybase and@MobileWork.
About China Comservice
China Comservice is a leading service provider in the People's Republic of China, in commitment of "building word-class networks for the informatization services," providing integrated support services in the informatization sector, including telecommunications infrastructure services, business process outsourcing services and applications, content and other services. All the major telecommunications operators in the PRC, namely, China Telecom, China Mobile and China Unicom are our customers and also our shareholders. We also provide services to government agencies, telecommunications equipment manufacturers, corporate customers and public customers. Our service coverage is spread across the nation and we have also extended our business to over 50 countries and regions globally. For more information, visit http:www.chinaccs.com.cn.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Sybase is a registered trademark of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated. ® indicates registration in the United States.
SOURCE Sybase, Inc.
Photo:http://photos.prnewswire.com/prnh/20101203/MM12180LOGO
http://photoarchive.ap.org/
Sybase, Inc.
CONTACT: Crystal Lu of Sybase Public Relations, (925) 236-6431, Crystal.lu@sybase.com; or CCS Investor Relations, (852) 3699- 0000, ir@chinaccs.com.hk
Web Site: http://www.sybase.com