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AsiaInfo to Acquire Trend Micro Chinese Subsidiary
Published: Sep 01,2015AsiaInfo Technologies (China) Co., Ltd. and Trend Micro (China) Co., Ltd., a wholly owned subsidiary of Trend Micro International, today jointly announced that AsiaInfo intends to acquire all of Trend Micro China’s business, including licensing of product and technology rights within the China market.
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"The acquisition enriches AsiaInfo Group's information security product architecture, strengthening our advantage in both customization and integration,” said Zhang Fan, president of AsiaInfo's security department.
“This allows AsiaInfo to further expand into other sectors, such as finance, education, manufacturing and healthcare. The agreement will not only provide a broader market for future growth, but also protect national security through the creation of independent control of information technology development."
AsiaInfo is China's largest provider of IT solutions and services in the telecommunications industry with over one billion customers in more than ten countries. Trend Micro is the world's largest independent provider of security software, and is a leader in server, virtualization, mobile and cloud security solutions. In addition, through its 15 research laboratories, Trend Micro responds to cyber threats worldwide.
"As a global industry leader, Trend Micro has delivered proven security technologies trusted by customers for more than two decades,” said Oscar Chang, Greater China sales executive vice president, Trend Micro.
“This agreement with AsiaInfo will provide localized security services to organizations and businesses throughout China. We believe this will help better provide Chinese customers with innovative products and solutions."
The acquisition is expected to close by the end of 2015. Terms will not be disclosed.
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