TAIPEI, Taiwan, Aug. 9, 2012 /PRNewswire-Asia/ --
GigaMedia Limited (NASDAQ: GIGM) announced today new growth
initiatives for its online games business and unveiled GigaCloud, a
new cloud computing business.
Online Games Business
Management is extending GigaMedia's online games platform to
Web-based/mobile "light" games, with focus on growing revenue
organically and through partnerships and acquisitions in emerging
markets.
Currently, GigaMedia operates primarily PC-based casual and
"heavy" MMO games in Taiwan and
Hong Kong through its wholly-owned
subsidiary FunTown.
The company's plans capitalize on the strong global growth of
Web-based/mobile games, particularly in Asia.
Plans to scale Giga's online games business follow initiatives
executed in the first and second quarters of 2012 to improve
margins by simplifying operations, lowering operating costs and
driving productivity.
Cloud Computing Business
GigaMedia also announced today development of a new cloud
computing business - GigaCloud. GigaCloud provides a unique,
integrated platform of critical services and tools for
small-to-medium enterprises (SMEs) enabling SMEs to increase
flexibility, efficiency and competitiveness.
The business leverages strategic partnerships with a consortium
of technology leaders, including Taiwan's telecom leader Far EasTone and global
computer hardware and electronics leader Asus, and allows SMEs to
outsource key IT needs.
GigaCloud's unique, integrated service will initially include
the following:
- office software tools for mobile business flexibility and
productivity;
- cloud-based phone services that lower telecom costs and
increase quality and flexibility;
- cloud faxing; and
- hardware and storage.
GigaMedia's cloud-based service takes advantage of the growing
trend toward providing software, storage and other services from
remote data centers over the Web instead of relying on software or
data on individual PCs.
Management is pleased to announce that beta testing is set to
begin in September 2012, with product
launch expected in early 2013.
Initial product launch is planned in strategic partnership with
Taiwan-based Chailease Holding Co
Ltd to capitalize on the firm's large SME customer base. Chailease
is Taiwan's number one leasing
company with approximately 42 percent market share. The firm has a
wide product offering, including financial services, leasing, and
installment sales and serves approximately 15 thousand SMEs in
Greater China.
Further details on all growth initiatives will be provided on
GigaMedia's second-quarter conference call in August 2012.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of online games and cloud computing
services. GigaMedia's online games business develops and operates a
suite of games in Asia, with focus
on Web-based/mobile games in emerging markets. The company's cloud
computing business is focused on providing SMEs in Greater China with critical IT solutions that
increase flexibility, efficiency and competitiveness. More
information on GigaMedia can be obtained from
www.gigamedia.com.
The statements included above and elsewhere in this press
release that are not historical in nature are
"forward-looking statements" within the
meaning of the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. GigaMedia
cautions readers that forward-looking statements are based on the
company's current expectations and involve a number
of risks and uncertainties. Actual results may differ materially
from those contained in such forward-looking statements.
Information as to certain factors that could cause actual results
to vary can be found in GigaMedia's Annual Report on
Form 20-F filed with the United States Securities and Exchange
Commission in April
2012.
For further information contact:
Brad Miller, Investor Relations
Director
Tel: +886-2-2656-8016
Brad.Miller@GigaMedia.com
SOURCE GigaMedia Limited