JINAN, CHINA: Beijing PowerUnique Technology Co. Ltd (BPUT), one of the wholly-owned subsidiaries of China VoIP & Digital Telecom Inc. has signed a virtualization agreement with CITIC Group (CITIC) in Beijing and will launch its integrated datacenter virtualization solution.
CITIC Group, a large state-owned investment company, was established in 1979 by Ron Yiren, former vice president of China. In 2009, the company had more than $30 billion in revenue.
BPUT will provide CITIC with industry-leading comprehensive datacenter solution technologies. This will help CITIC reduce investment and operating expenses, lowering the total cost of ownership. It will also enhance CITIC's datacenter security and reduce the required number of servers, resulting in higher energy-savings, lower emissions and more environmentally-friendly effects.
"We feel privileged to work with a company of such caliber as the CITIG Group," said Kunwu Li, president and CEO of China VoIP & Digital Telecom.
"CITIC is our first customer in the banking industry. Their trust in us demonstrates our unique position in the virtualization technology market. We designed the integrated virtualization datacenter solution based on CITIC's current needs and by assessing their future plans. The agreement allows us to showcase a successful virtualization solution and to market to other banking customers. We are certainly pleased to see that our solution is proving to be profitable and useful to CITIC."
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