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The Joint Company of Inspur and CISCO Is Launched and Formally Put into Operation

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On November 11, 2016, Inspur Group Limited (hereinafter referred to as Inspur) and Cisco jointly announced the joint venture company - Inspur Cisco Network Technology Co., Ltd. was established and officially put into operation. Governor of Shandong Province Guo Shuqing, Secretary of Jinan Municipal Party Committee Wang Wentao, Chairman and CEO of Inspur Group Co., Ltd Sun Pishu, Chief Executive Officer of Cisco Corporation Luo Zhuoke, Chairman and Chief Executive Officer of Cisco Greater China Chen Shiwei, Inspur Cisco Network Technology Co., Ltd. Manager Zhang Haitao attended the opening ceremony of the joint venture company held in Jinan, Shandong Province, and expressed warm congratulations on the establishment and start of the joint venture company.

During the visit of President Xi Jinping to the United States in September 2015, Inspur signed a strategic cooperation framework agreement with Cisco to set up a joint venture. With the support and promotion of the Chinese government and the Shandong provincial government, the joint venture successfully set up and successfully put into operation through Inspur and Cisco's efforts over the past one year.

According to the contract signed by both parties and the articles of association of the joint venture company, the joint venture is headquartered in Jinan, Shandong, with Inspur accounting for 51%, Cisco accounting for 49% and registered capital of US $ 100 million. From the beginning of the business negotiations of the joint venture company, the management board of the two sides attached great importance to the formation of the joint venture management team. The two sides selected excellent management and technical personnel to join the joint venture from within Inspur, Cisco, China's online market. The joint venture will develop and manufacture a range of products, including high-end products, that meet the needs of our customers in Cisco and Inspur’s advanced, superior technology. In addition, the joint venture will maintain the greatest investment in the construction of R & D team and R & D center. It will construct the network research and development center in the gathering place of China’s network talents and input human resource research in face of the key core network technology and network application software. The establishment of the joint venture company will make important contributions to the healthy development of China's network industry and training of professional and technical personnel.

In the context of the rapid development of the Internet and big data economy, the integration of IT and CT has become the trend. The integration of IT infrastructure and network products has become the key to the construction of cloud data center, giving the new development opportunities for the network industry and also laying a deep foundation for cooperation between Inspur and Cisco. The joint venture will leverage Cisco's world-leading technology innovation and best practices to develop, expand and deliver advanced and reliable network products and technologies to meet the needs of China's market. The joint venture will follow the four principles of China's R & D, China Manufacturing, China Service and China's local customization to achieve self-control. The two sides have reached a consensus in terms of product, technology, services and other aspects of cooperation. In the future, they will take the development opportunities of the new generation network technology with SDN as the representative, increase network product technology research and development and bring the leading technology services for the market, including IT infrastructure, Cloud, data center, intelligent city and big data. It is reported that the current stage of the product listing plan has been launched and it is expected to be officially launched in the market next year.

The joint venture project will become an important part of Inspur’s "cloud strategy" and will further improve its cloud data center product line and enhance Inspur’s capacity of building a complete cloud data center. It is also Cisco's strategy for long-term sustainable development in China and a useful addition to Cisco's business in China.

Over the past two decades, Cisco has been a trusted partner for its customers and has witnessed the milestone development of China's Internet industry. Cisco has always adhered to long-term commitment and sustainable development strategies in China. Inspur has more than 30 years of hard work in the Chinese government and the enterprise market, having a profound understanding of China's information construction and customer needs and rich service experience. The technology of servers and storage products and market share of Inspur have been in a leading position in China and the world.

This cooperation between the first-class technology companies in China and the United States both keeps in line with the interests of China and the United States, but also creates a new model of cooperation between the two countries. It will provide independent, high-level products and solutions for China's information technology and build a highly safe and credible information infrastructure. At the same time, it has injected new vitality for the Chinese information industry, optimize China's information industry chain and improve the overall competitiveness of the industry. The joint venture of Inspur and Cisco will become the model and benchmark for local IT companies to introduce advanced foreign technology and promote China's own security information development.

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