CDC Global Services Names Services Veteran and Renowned Technologist as CEO
April 15 2010 - 9:38AM
Business Wire
CDC Global Services, a business unit of CDC Corporation (NASDAQ:
CHINA) and a provider of IT and IT-enabled services and consulting,
announced today the appointment of Chung Kiu Wong as its chief
executive officer (CEO).
Wong replaces Peter Yip as CEO of CDC Global Services. Mr. Yip
continues to serve as CEO of CDC Corporation, the parent company of
CDC Global Services. Wong, who has served on the boards of
directors of CDC Software International since 2007 and CDC Software
Corporation since 2009, has more than 30 years experience in the
technology industry in the U.S. and China. Most recently, he was
founder and managing principal of Hong Kong-based iASPEC, a group
of companies that provide information technology consulting
services, software products and services in Hong Kong, mainland
China and North America.
Earlier in his career, Wong served as the principal architect in
the State of California government data center and received the
Distinguished Services Award from the state for his work. Since
1982, he has held senior positions in international information
technology companies in Hong Kong and mainland China.
Wong holds a Ph.D. in Mathematics from the University of
California at Berkeley, is a Distinguished Fellow of the Hong Kong
Computer Society, and also serves as chairman and member of the
Advisory Committees of various engineering faculties and
information technology academic departments in Hong Kong and
mainland China universities. He has also served, until recently, as
a member of the University Grants Committee and a member of the
Advisory Committee on Creative Industry of the Central Policy Unit,
in the Hong Kong SAR Government.
“As we have previously announced, CDC Global Services' goals are
to grow to 5,000 professional staff in China over the next few
years and derive significant revenue from the China domestic
services markets where we have seen strong demand for world class
local IT services providers,” said Peter Yip, CEO of CDC
Corporation. “We are also pursuing strategic alternatives such as
carving out CDC Global Services as a separately publicly listed
company like we did with CDC Software. This will allow CDC Global
Services to be valued as a pure play IT services and consulting
company like its peers. We expect CK will provide the leadership to
help us achieve those goals and to take CDC Global Services to the
next level that we believe will position it as one of the global
leaders in services, specifically in the IT/R&D outsourcing
market.”
“This is an exciting time for CDC Global Services and I’m proud
to be a part of this organization that has one of the most highly
experienced group of services professionals in the industry,” said
Wong. “We plan to continue our strategy to partner with, acquire
and build companies that will help to expand our IT related service
businesses targeting a number of high-growth industry sectors. We
intend to pursue this strategy with a sharp focus and by operating
world-class offshore software development centers in China serving
our international and domestic clients. We believe that these
strategic initiatives will help to unlock shareholder value in the
coming quarters.”
About CDC Global Services
CDC Global Services provides IT consulting services, including
platform-specific services for Microsoft and SAP, as well as
project management, staff augmentation, managed-help desk solutions
and a full range of business process outsourcing offerings. It can
also provide hardware for data collection and RFID, through
partnerships with some of the industry's most reputable vendors.
CDC Global Services embraces a customer-first approach being able
to draw upon a wide range of expert resources to address each
customer's unique business needs, while keeping their best interest
as a top priority. CDC Global Services customers benefit from
streamlined vendor management and the ability to control project
costs, while being able to access the right IT resources through a
singular point of contact. For more information, please visit
www.cdcglobalservices.com.
About CDC Corporation
The CDC family of companies includes CDC Software (NASDAQ: CDCS)
focused on enterprise software applications and services, CDC
Global Services focused on IT consulting services, outsourced
application development and IT staffing, CDC Games focused on
online games, and China.com, Inc. (HKGEM:8006) focused on portals
for the greater China markets. For more information about CDC
Corporation (NASDAQ: CHINA), please visit
www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements regarding our beliefs about strategic growth
initiatives, our beliefs and expectations about our plans and goals
for our CDC Software International business, including those
relating to future staff headcount and revenue derived from the
China domestic market, our beliefs relating to our ability to
successfully market grow our outsourcing business and our position
for long-term success, our beliefs regarding future growth by CDC
Global Services and our potential market position, our beliefs
regarding the leadership, and continued service, of any of our
executives or directors, our beliefs relating to our strategies and
our plans in pursuit thereof, our beliefs regarding potential
effects on shareholder value, and other statements that are not
historical fact, the achievement of which involve risks,
uncertainties and assumptions. These statements are based on
management's current expectations and are subject to risks and
uncertainties and changes in circumstances. There are important
factors that could cause actual results to differ materially from
those anticipated in the forward looking statements including, the
ability of CDC Global Services to address the business services
requirements of the market, demand for and market acceptance of CDC
Global Services operations, and the ability of CDC Global Services
to expand. Further information on risks or other factors that could
cause results to differ is detailed in filings or submissions with
the United States Securities and Exchange Commission made by CDC
Corporation in its Annual Report on Form 20-F for the year ended
December 31, 2008 filed with the Securities and Exchange Commission
on June 30, 2009 . All forward-looking statements included in this
press release are based upon information available to management as
of the date of the press release, and you are cautioned not to
place undue reliance on any forward looking statements which speak
only as of the date of this press release. The company assumes no
obligation to update or alter the forward looking statements
whether as a result of new information, future events or
otherwise.
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