BEIJING, Jan. 21, 2016 /PRNewswire/ -- On the morning of
January 19th, Inspur Group
and Diebold (NYSE: DBD) held a joint venture cooperation signing
ceremony on establishing a brand new joint venture named Inspur
Financial Technology Service Co., Ltd. (hereafter referred to as
"the joint venture"). Sun Pishu, Board Chairman and CEO of Inspur
Group and Andy W. Mattes, President
and CEO of Diebold, attended the signing ceremony.
With rapid development of global financial service industry, the
domestic ATM market will have stable double-digit growth for
several years to come, reaching a scale of several billion RMB. In
order to integrate resource advantages of R&D, production and
sales, the two parties join hands in strength for a win-win
cooperation to further expand
the Chinese market, thereby providing Chinese clients with a host
of financial self-service terminals and solutions. Diebold will act
as the exclusive overseas selling agency of the joint venture by
making optimal use of its well-connected distribution channels
across financial markets worldwide, to expand sales volume of
myriad products. Inspur Group will hold at least 51% of the shares of the joint venture.
As per the agreement, this cooperation will mainly focus on the
financial industry with a product line including cash, non-cash, and
bill products. In the
future, the joint venture's products will cater to clients such as
state-owned banks, joint-stock banks, city commercial banks,
and rural credit
cooperatives, providing them with
excellent financial products and services, both at home and
overseas.
Established in 1945, Inspur Group is a local leading developer
of IT hardware and software, cloud computing, Big Data and
a self-service terminal
provider. Inspur's cloud computing equipment such as the critical
application host K1, other industrial solutions and self-service
terminals, have provided extensive
support for China's financial
industry.
Diebold is one of the largest
self-service product suppliers in the world and has devoted
itself to the Chinese market with high quality products and
services for nearly 30 years, catering to a large number of both domestic and international clients,
such as ICBC, ABC, BOC, CCB, BOCM, CEB, China CITIC Bank, CGB,
rural credit cooperatives, and
local commercial banks.
Sun Pishu, Board Chairman and CEO of Inspur Group, stated: "The
security of the financial
information system is a concern
to national economic order and security importance.
Inspur provides not only fundamental equipment for cloud computing
but also self-service terminal products and solutions for the
financial industry. By virtue of cooperation with Diebold, Inspur
will provide more support to the whole business chain of the
financial industry. The joint venture will be of huge value to
clients as well as the business
development of both parties involved."
"The collaboration with Inspur Group will strengthen relations
between us and our Chinese clients, as well as tie in with
Diebold's market strategy in China,"
stated Andy W. Mattes,
President and CEO of Diebold. "We
are very happy to establish a comprehensive and collaborative
relationship with Inspur, in terms of self-service terminal
products and other relevant services. We also look forward to
restarting the growth engine in the Chinese market."
In order to support Diebold's 'service oriented' market
positioning, Inspur will become a shareholder of Diebold Financial
Equipment Co., Ltd. (an existing joint venture of Diebold) in
China. This company will
concentrate on end to end services in the future, such as
installation, maintenance and professional services related to ATM
machines, other automatic transaction programs, as well as business
process outsourcing.
About Inspur Group
Inspur Group is a leading cloud computing and Big Data service
provider in China, owning three
listed companies, namely 'Inspur Information', 'Inspur Software'
and 'Inspur International'. Inspur's three business groups --
systems & technology, software & services, and
semiconductors -- provide IT
products and services to over 80 countries across the world,
catering to a wide range of information technology needs for
various governments and enterprises.
Currently, its international business has expanded to 85
countries and regions across the world. It has set up R&D
centers and factories in USA, Japan, and Latin America, as well as branches
and showrooms in 26 countries overseas. Its clients and partners
include LG, IBM, Microsoft, Intel, SAP, VMWARE, Micron, and other
globally renowned enterprises. For more information, please visit
Inspur's official website at: www.inspur.com.
Photo - http://photos.prnewswire.com/prnh/20160121/324463
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/inspur-group-and-diebold-sign-joint-venture-cooperation-agreement-300207730.html
SOURCE Inspur Group