BEIJING, July 06, 2016 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral internet data center services provider in China, today announced that 21Vianet and Kingsoft Corporation Limited (HK:3888) ("Kingsoft"), a leading internet based software developer, distributor and service provider, have extended the strategic cooperation on data center cabinets leasing.
Following the completion of Kingsoft's US$172 million investment in 21Vianet in January 2015, 21Vianet and Kingsoft signed a strategic cooperation agreement, pursuant to which 21Vianet agreed to establish, operate and manage a new data center, and provide at least 5,000 new cabinets to Kingsoft and its affiliates over a period of three years until January 2018.
The renewed agreement extends the term of the strategic cooperation on data center cabinets leasing by three years until January 2021. Pursuant to the renewed agreement, 21Vianet will continue to provide new cabinets to Kingsoft and its designated third-parties to help them meet the demand for next-generation cloud computing infrastructure. The two companies will also share 21Vianet's resources and infrastructure development, as well as explore innovative supply chain finance solutions together during the effective period of the renewed agreement.
Mr. Steve Zhang, Chief Executive Officer of the Company, commented, "We are very excited to extend the strategic cooperation agreement with Kingsoft, one of our key strategic partners. The renewed agreement will continue to serve as an incremental source of demand for our IDC business, further strengthening our core operations. Looking forward, we will continue to work closely with our partners, to strengthen our leadership role in China's data center and cloud computing services market."
21Vianet Group, Inc. is a leading carrier-neutral internet data center services provider in China. 21Vianet provides hosting and related services, managed network services, cloud infrastructure services, content delivery network services, consumer broadband services and business VPN services, improving the reliability, security and speed of its customers' internet infrastructure. Customers may locate their servers and networking equipment in 21Vianet's data centers and connect to China's internet backbone through 21Vianet's extensive fiber optic network. In addition, 21Vianet's proprietary smart routing technology enables customers' data to be delivered across the internet in a faster and more reliable manner. 21Vianet operates in 44 cities throughout China, servicing a diversified and loyal base of more than 2,000 customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. 21Vianet may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 21Vianet's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 21Vianet's goals and strategies; 21Vianet's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, 21Vianet's services; 21Vianet's expectations regarding keeping and strengthening its relationships with customers; 21Vianet's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where 21Vianet provides solutions and services. Further information regarding these and other risks is included in 21Vianet's reports filed with, or furnished to the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law.
Investor Relations Contact: 21Vianet Group, Inc. Eric Chu, CFA +1 (908) 707-2062 IR@21Vianet.com Qing Liu +86 10 8456 2121 ext 1313 IR@21Vianet.com ICR, Inc. Xueli Song +1 (646) 405-4922 IR@21Vianet.com