The new solution is in recognition of the accelerating trend of Internet content like video, e-commerce transactions, webpages, games and applications increasingly being delivered to smart mobile handsets, in both developed and developing markets, with mobile Internet usage worldwide doubling each year. Therefore, there is an increasing need to reduce transmission costs while continuously satisfying the rising Quality of Experience expectations of end-users.
"We are tremendously pleased to work with Altobridge to deliver mCaN™ and other exciting, best-in-class solutions to the mobile Internet industry," commented Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We see the combination of ChinaCache's mobile Internet delivery solutions with Altobridge's technologies as unique in the marketplace, and are excited about the collaboration between our two companies, which results in a match that will propel us to the forefront of new-generation mobile Internet delivery."
Mike Fitzgerald, CEO of Altobridge commented, "ChinaCache and Altobridge have the vision that before long, 90% of global Internet traffic will be accessed via smart mobile devices, and our technology is uniquely positioned to enable carriers to keep up with ever growing demand for mobile Internet delivery at reasonable costs that is pleasing the end-users with fast and reliable mobile Internet experiences, anywhere in the world." He continued, "The effect of reducing backhaul congestion and improving QoE also opens new revenue opportunities for carriers. By moving content delivery networks (CDN) to the edge of the network, Altobridge's DatE™ in combination with ChinaCache's CPIS solutions provides the means of delivering data faster and more efficiently to end-users' mobile devices in a way that, in our view, nobody else can."
A contract signing ceremony took place today at the headquarters of ChinaCache in Beijing. Dignitaries attending the ceremony included government officials from both Ireland and China.
The TÁnaiste (Deputy Prime Minister of Ireland) and Minister for Foreign Affairs and Trade, Eamon Gilmore TD, was present at the ceremony and said, "I am delighted to be here in Beijing for the announcement of this important strategic partnership which marks a significant development in Sino-Irish business co-operation. I want to warmly congratulate ChinaCache and Altobridge and wish them every success. Altobridge is a prime example of the type of export-focused, knowledge-led company that is at the forefront of Ireland'sSmart Economy and that is a pioneer for other Irish businesses looking to develop their presence in the Chinese market."
"Enterprise Ireland has worked closely with Altobridge in supporting its continued international growth," said Frank Ryan, CEO of Enterprise Ireland. "Altobridge is a highly ambitious and innovative company and its success in global markets underpins Ireland's international reputation for technical innovation and capability. We look forward to continuing to work with Altobridge as they grow their business in China. We wish Altobridge and ChinaCache every success with their strategic partnership."