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News : 21Vianet Group, Inc. Acquires DYXnet Group's Virtual Private Network
Hong Kong, August 12, 2014 -- DYXnet Group, Greater China's ICT (Information and Communications Technology) service provider, announces 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"), a 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."
Posted by Veronica Silva Cusi, news correspondent
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About DYXnet Group:
Established in 1999, DYXnet is a leading ICT service provider offering global networking (including MPLS VPN service portfolios), internet access, data centre, unified communication, network security and contact centre outsourcing solutions with provisioning capability in many cities in Greater China and the wider Asia Pacific region. The company provides innovative, professional and reliable services to help corporations in the Greater China region to enhance their productivity and profitability by taking advantage of top-quality IP networking services and solutions.
Published: Wednesday, August 13, 2014