ReadySpace will set up its data center in China and will acquire 80 percent stake in OGL Network, a Wuhan-based reseller of telecom services, to strengthen Cloud business.
The company, a cloud service provider in Asia Pacific, did not share financial details.
Besides offering UnionPay payment services and software rental services, OGL Network also distributes mobile products and services for China Unicom.
OGL Network operates a retail store in Wuhan, the capital city of Hubei province in central China. The stake in OGL Network will allow ReadySpace to reach out to businesses in one of the world’s fastest growing cloud services markets.
ReadySpace will also establish a data center in China by the end of this year.
David Loke, chief executive officer and co-founder, ReadySpace, said: “Our stake in OGL Network, as well as our upcoming Chinese data center, will help our existing customers with operations in China improve business processes through our cloud services.”
ReadySpace is also extending its partner network to Chinese IT solutions providers. ReadySpace partners in China can expect exclusive access to support and resources that will drive new business opportunities and increased profitability in the red-hot Chinese cloud services market, which is expected to grow from 16.73 billion yuan in 2010 to 750 billion yuan by 2015.
InfotechLead News Team