BEIJING and SANTA CLARA, Calif., Nov. 25 /PRNewswire-Asia-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA) ("the Company), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has won a contract with China Unicom, a leading telecom provider in China, to develop a Business Intelligence system ("BI system") for China Unicom's Zhejiang subsidiary.
"We are excited to announce that we've been selected to implement our leading Business Intelligence system for China Unicom at their Zhejiang subsidiary," said Steve Zhang, AsiaInfo's president and chief executive officer. "More than ever, our advanced BI systems play an important role as they reveal real-time customer data and information, allowing carriers to analyze trends and launch targeted marketing campaigns to differentiate their service offerings within an increasingly competitive market environment. We are pleased to take another step forward in our long-term, strategic relationship with China Unicom, and will continue to provide best-of-class solutions to help the company transform into a fully-integrated telecom operator."
Under the terms of the agreement, AsiaInfo will develop a BI system for Zhejiang Unicom which is designed to improve decision-making capabilities, efficiency and accuracy. AsiaInfo will also integrate historical data from China Unicom's existing GSM business with its recently acquired fixed-line and broadband network into a single, unified BI system. The BI system is expected to be equipped with data mining, data analysis and data summarization capabilities, which will provide China Unicom with detailed and up-to-date information to assist the company in making informed, real-time decisions.
AsiaInfo is a market leader in China's telecom BI market. AsiaInfo's BI systems currently support more than 260 million users and over 1.5 petabytes of data.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA) is a leading provider of high-quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com .
Safe Harbor Statement
The information contained in this document is as of November 25, 2008. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov .
For investor and media inquiries, please contact:
In China:
Ms. Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
Mr. Andrew Keller
Ogilvy Financial, Beijing
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com
In the United States:
Mr. Thomas Smith
Ogilvy Financial, New York
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
SOURCE AsiaInfo Holdings, Inc.
International News / Press Release source: PR Newswire
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