AsiaInfo International Announces Strategic Sale to CloudNet.AI
Time & Location
About the event
Barcelona, Spain, February 26 - On the first day of Mobile World congress, AsiaInfo International announces it has entered into an agreement for acquisition by CloudNET. AI, an investment holding company owned by Steve Chang, the founder of Trend Micro, a global cybersecurity giant. Equipped with extensive global entrepreneurial expertise, he possesses the background, ability, and resources to effectively navigate various challenges worldwide, actively adapting to the constantly evolving digital landscape. Given the enormous potential and prosperous opportunities of current AI-enabled technologies and applications worldwide, Steve is motivated by his entrepreneurial passion to strategically establish a presence in the digital landscape. This is achieved by founding the investment holding company CloudNET. AI to increase global investments and add value in telecommunications, open RAN, cybersecurity, and artificial intelligence industries.
Upon completion of the acquisition transaction, Edward Tian, the founder of AsiaInfo International, will transfer the accumulated knowledge and know-how in telecommunication and cybersecurity to the owner of CloudNET. AI, along with selling assets and shares of AsiaInfo International to him. Although Edward will step down from shareholder role, he will continue to serve as a key advisor to the new company, ensuring a smooth transfer and the continuation of customer success. More global and local management team members will be on board to localize the services, and corporate governance will be adjusted to enhance legal compliance, and corporate rebranding will also be coming up.
"I appreciate our team's great efforts in exploring the new markets and new technologies in the last decades. The acquisition will not only open new doors for the company to explore and expand its reach into brand-new markets, but also inject international governance and talents that enable it to develop from cloud-native to AI-native." said Edward Tian, the owner and chairman of AsiaInfo International before the acquisition.
"I'm happy that AsiaInfo International now becomes an integral part of CloudNET. AI's investment portfolio. I share the same vision with Edward that the future telecommunication network is an open, automated, software-defined network in the cloud. Our vision is to build an end-to-end open net solution where BSS play a key role for AI-based digital enablement." said Steve Chang, the chairman and owner of CloudNET.AI.
The transaction is still subject to local authorities filling and approval when necessary.
About CloudNET. AI
The vision of CloudNET. AI is to revolutionize the telecommunication, open-ran, and cybersecurity industries through a cloud-native and AI-native approach. This innovation-oriented company also plans to establish multiple R&D centers across Singapore, the United Kingdom, and North America to drive innovation. The merger and acquisition of AsiaInfo International is only the first step, and there will be more start-up companies in the software industry to be identified and be acquired and merged into the portfolios of CloudNET.AI. Other than the acquired BSS assets of AsiaInfo International, the company has also invested in cloud-based ORAN technologies and products as well as private 5G solutions.
About AsiaInfo International
AsiaInfo is a leading provider of Business Supporting Systems (BSS) for Communication Service Provides (CSP) with a dominant market position in Asia market. The company was established in 1993 and embarked on its global expansion journey since 2007. In 2016, AsiaInfo spun off its international arm i.e. AsiaInfo International. In recent years, AsiaInfo International has invested in re-architecturing its product leveraging cloud-native technologies and the Open Digital Architecture of TM forum. It has also built a strategic partnership with Amazon cloud in serving emerging CSPs with BSS as a service in the cloud.