Date: 3rd November 2015
Mumbai, India, 3rd November 2015 – AsiaInfo International and Reliance Corporate IT Park have entered into a joint venture (JV) agreement to build and develop innovative new services for businesses in India and beyond.
The JV agreement was signed in Mumbai, India
The companies said that by leveraging their collective strength they were looking to create a next generation information technology software and services powerhouse to serve India and the surrounding region.
The JV will be headquartered in Mumbai, and will initially recruit staff from both companies as well as seeking to attract top talent both locally and internationally, growing to a few hundred people by early 2016.
The JV will look to develop further innovative service offers and new business collaborations for Reliance-owned companies, as well as other businesses in India before expanding internationally in the sub-continent and beyond.
Announcing the agreement, a spokesperson from Reliance said: “This Indo-Chinese partnership between the two companies with a track record for innovation, will offer enterprises the ability to develop digital services for a large scale market.”
For AsiaInfo, Dr Edward Tian said: “Combining China’s largest IT software and services company with one of India’s largest and most progressive business groups, will create a technology powerhouse with the potential to help businesses across the region transform their IT infrastructures and compete on the global stage.”
About Reliance Industries:
Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated turnover of INR 3,88,494 crore (US$ 62.2 billion), cash profit of INR 36,291 crore (US$ 5.8 billion) and net profit of INR 23,566 crore (US$ 3.8 billion) for the year ended March 31, 2015.
RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’, currently ranking 158th in terms of revenues and 142nd in terms of profits. RIL ranks 238th in the Financial Times’ FT Global 500 2015 list of the world’s largest companies. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.
Founded in 1993, AsiaInfo, Inc. is a leading provider of internet-based systems and software to the telecommunications industry. Headquartered in Beijing, we employ more than 14,000 professionals worldwide.
AsiaInfo provides a full suite of business and operations support systems and professional services to solve the business challenges of the future. Through its innovative BSS/OSS, Big Data, and security software products, AsiaInfo is driving the transformation of the telecoms industry into the new Business Internet era.
Our core Veris™ product suite includes billing and customer care systems that serve over a billion subscribers globally, plus business intelligence, network management, network security, and OTT and cross-vertical collaboration solutions. Veris is the cornerstone of our growing ecosystem to support the transformation to the Business Internet.
Our customers work with us to converge large-scale pre-and post-paid mobile operations; improve time to market for new products and services; and develop cost-effective new business models. In China we have more than 50% market share in Billing, CRM and Business Intelligence through our longstanding partnerships with China Mobile, China Unicom and China Telecom.
Our BSS solutions are used by leading operators throughout Southeast Asia, Europe and the Indian subcontinent. For more information please visit: www.asiainfo.com
For further information please contact:
Guang Lv or Kevin Taylor
Email: lvguang(at)asiainfo(dot)com OR
Mob: +447 850 858 291