BEIJING, April 8, 2014 (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 it has appointed Mr. Eric Chu, a telecommunications and internet infrastructure analyst, as Vice President of Capital Markets and Business Development, effective immediately. Mr. Chu will lead the Company's investor relations team in communicating the Company's operating strategy, business initiatives and growth opportunities to the investment community. His responsibilities also include exploring strategic partnerships with industry participants. In this position Mr. Chu will be based in the United States and report to Mr. Shang Hsiao, the Company's CFO.
Mr. Chu joins 21Vianet Group after spending 5 years at Canaccord Genuity where he most recently served as Vice President of Telecom Services Equity Research. In addition to being the lead analyst on 21Vianet, he also co-covered more than 20 telecommunications and internet infrastructure companies including global data center operators, US wireless carriers, US wireless tower operators and US competitive local exchange carriers (CLECs). Prior to Canaccord Genuity, Mr. Chu worked as an equity research analyst at Principle Capital Management, W.R. Huff Asset Management and Bear Stearns and as a project manager at McCormick Taylor Inc. Mr. Chu received his MBA from New York University's Stern School of Business, M.S. from Case Western Reserve University and B.S. from Tsinghua University. He is also a CFA charter holder.
Mr. Shang Hsiao, Chief Financial Officer of the Company, stated, "We are excited to welcome Eric to our team. He is grounded with years of capital markets experience focusing on global telecommunications and internet infrastructure services that will help us tremendously as our expanding business necessitates increasingly sophisticated and robust investor relations and business development programs. As Eric will be based in the US, his addition will also allow us to increase our exposure to the investment community in the US and European markets. We look forward to working with him and benefitting from his invaluable skill-set and experience."
21Vianet Group, Inc. is the largest carrier-neutral internet data center services provider in China. 21Vianet provides hosting and related services, managed network services, cloud infrastructure services, and content delivery network 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 many 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. Among other things, the quotations from management in this announcement, as well as 21Vianet's strategic and operational plans, contain forward-looking 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. 21Vianet does not undertake any obligation to update any forward-looking statement, except as required under applicable law. 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.
CONTACT: Investor Relations Contact: 21Vianet Group, Inc. Eric Chu, CFA +1 (908) 707 2062 IR@21Vianet.com Joseph Cheng +86 10 8456 2121 IR@21Vianet.com ICR, Inc. Jeremy Peruski +1 (646) 405-4922 IR@21Vianet.comSource:21Vianet Group, Inc.