AsiaInfo to Develop Business Intelligence System for China Unicom in Zhejiang Province
November 25 2008 - 8:00AM
PR Newswire (US)
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: Mr. Andrew Keller Ogilvy Financial, Beijing
Tel: +86-10-8520-3112 Email: In the United States: Mr. Thomas Smith
Ogilvy Financial, New York Tel: +1-212-880-5269 Email: DATASOURCE:
AsiaInfo Holdings, Inc. CONTACT: In China: Ms. Sheryl Zhang of
AsiaInfo Holdings, Inc., +86-10- 8216-6039, or ; Mr. Andrew Keller,
Ogilvy Financial, Beijing, +86-10-8520-3112, or ; In the United
States: Mr. Thomas Smith, Ogilvy Financial, New York,
+1-212-880-5269, or Web Site: http://www.asiainfo.com/
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