News Column

DYXnet Group Announces Its Virtual Private Network Business Unit to Be Acquired by 21Vianet Group, Inc.

August 26, 2014

By a News Reporter-Staff News Editor at China Weekly News -- DYXnet Group, Greater China's ICT (Information and Communications Technology) service provider, announced its Virtual Private Network (VPN) business unit operated by Dermot Holdings Limited and its subsidiaries (collectively, the "Dermot Entities") will be acquired by 21Vianet Group, Inc. (NASDAQ: VNET)("21Vianet"), the largest carrier-neutral internet data center services provider inChina, pursuant to definitive agreements entered among the parties. After the acquisition, the management of the Dermot Entities is expected to remain in place and stay actively involved in Dermot Entities' day-to-day management in at least the next two years. DYXnet Group will retain both Data Centre and Contact Centre Business Units.

Mr. Lap Man, Founder & Chief Executive Officer of DYXnet Group commented: "We are excited and honored to join 21Vianet to deliver the best-in-class VPN service in theGreater China region. Apart from being the largest carrier-neutral internet data centre services provider inChina, 21Vianet also possesses comprehensive enterprise cloud solutions which, we believe, will create strong synergy with our high quality enterprise-grade VPN service in Greater China. Leveraging on 21Vianet's strengths in data centre, cloud computing and content delivery capabilities inChina, we are expecting to see a full array of mobile cloud network services offerings in the marketplace, enabling enterprise clients to have a unique, superb and diverse experience."

Mr. Josh Chen, Chairman and Chief Executive Officer of 21Vianet stated, "We are delighted to work with Mr. Lap Man and his team to support the future growth of the VPN business and excited to welcome Dermot Entities to join our family. Dermot Entities' VPN business has a unique network footprint and offers best-in-class, fully-managed network enabling connectivity to major Asian cities. In addition, their tactical expertise in navigating the region has allowed them to establish a dominant market position with an impressive installed base of over 2,000 customers, including some of the world's largest enterprise and carrier customers. We believe this acquisition will also serve as an integral component of our overall cloud market strategy, as businesses increasingly seek reliable, secure, and highly customizable enterprise grade cloud services."

Founded in 1999, DYXnet Group in now the leading ICT service provider in Greater China offering network services (MPLS VPN service portfolios), data centre and contact centre solutions to enterprise clients. Its clients include global carriers, Fortune Global companies, multinational corporations, listed companies and so on. Currently, it has business and network operations in more than 51 major Asian cities throughoutMainland China, Hong Kong, Taiwan, Vietnam andSingapore, housing over 500 office employees and more than 2,500 contact centre staff.

Keywords for this news article include: Asia, China, DYXnet, Network Services.

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Source: China Weekly News

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