News : Telstra Invests in Chinese Cloud Company Qiniu
Melbourne, Australia, Jan 27, 2016 -- Telstra has signalled its continuing interest in expanding its cloud services provision, with its venture capital arm, Telstra Ventures, announcing its investment in Chinese cloud services company Qiniu.
The investment also indicates Telstra's continuing expansion in the Asia region, with the telecommunications company having invested in five local companies over the last year, as well as acquiring telco services provider Pacnet last year.
"The opportunities created by the digital explosion under way across Asia, particularly in the Chinese market, underpin this latest investment. Qiniu enables enterprise customers to collect, store, and analyse huge amounts of data," said Matthew Koertge, managing director of Telstra Ventures.
"China is an important market for Telstra as we grow our international business. Telstra has a presence in the Chinese enterprise and datacentre market through our joint-venture company, PBS. We will now look for opportunities to work with Qiniu to enh
Qiniu is hoping to use the Telstra investment as leverage to collaborate on developing more streamlined cloud computing technologies and services for Telstra customers in the APAC and Chinese regions.
"Combining Telstra's established cloud and network infrastructure and our innovative technology in cloud storage should drive a lot of new business opportunities for both companies,” said Xu Shiwei, CEO of Qiniu.
Last week, Telstra also announced that it had acquired Australian company Kloud to boost its cloud and managed network application services.
Telstra said it hopes to use the acquisition to leverage Kloud's experience to improve the technology solutions that the telecommunications company offers its enterprise customers.
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"Kloud's expertise can make it even easier for our customers to transition their workloads and applications to the cloud," Michelle Bendschneider, Telstra executive director of Global Enterprise and Services, said. "Kloud will enhance Telstra's consulting-led capabilities by expanding our professional and managed services, complementing recent acquisitions such as NSC, O2 Networks, and Bridgepoint."
Also last week, Telstra Ventures announced its investment in United States application delivery services provider Instart Logic.
The Palo Alto, California-based company provides user experience and performance solutions for improving its customers' websites, as well as providing security to protect websites against breaches and distributed denial-of-service (DDoS) attacks.
Posted by Veronica Silva Cusi, news correspondent
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Telstra Incorporated is a global provider of advanced communications services to multinational corporations.
Qiniu Information Technology is a cloud-based storage solutions provider in China.
Published: Thursday, January 28, 2016