Persistence Software Forms Strategic Partnership with Creative Century Information Technology
SAN MATEO, Calif.--(BUSINESS WIRE)--May 31, 2000--
CCIT To Establish Encryption and E-commerce Standard in China
Based On PowerTier Web Application Server
Persistence Software (Nasdaq: PRSW), The Engine for E-Commerce(TM), today announced the formation of a strategic partnership with Creative Century Information Technology (CCIT), a wholly owned subsidiary of the Ministry of Information Industries. CCIT is responsible for developing encryption and certification standards for the Internet and e-business in China.
"This is an alliance of major significance for the development of e-commerce in China," commented Christopher Keene, CEO and Co-founder of Persistence Software. "We are proud of the part we can play in this by providing application server engine for this project, which can establish a new standard throughout China."
"In developing this new standard for China, we considered very carefully who to select as our server software partner," said Liu Xin Yue, General Manager, CCIT. "PowerTier from Persistence was selected because of the speed of development that it allowed. The scalability, robustness and price/performance of PowerTier are important as we begin to market our Chinese encryption and certification solution to PTAs (Post and Telecommunication Administrations) and other customers around the country."
Persistence software supplies transactional application servers used for high-traffic Internet software infrastructure and high performance e-commerce applications. Its products allow enterprises to build open scalable e-commerce applications offering richer business interactions, greater reliability, more user responsiveness, and better investment protection - all within a much shorter development time.
In the past year, Persistence Software has opened it Asia Pacific regional office in the Hong Kong SAR (Special Administrative Region) and a representative office in Shanghai. "In coming months we will be announcing a number of new agreements covering vertical marketing to specific sectors, establishing training centres throughout China, and strategic alliances with partners who can add China-specific value to our offerings," said Steven Lau, managing director of Persistence Software's Asia Pacific operation.
About Persistence Software
Persistence Software, The Engine For E-Commerce(TM), delivers caching solutions for rich Internet e-business that change the rules of the game. Patented caching application servers from Persistence currently accelerate business processing for some of the world's most demanding web sites, including iPIX, Reuters, Cisco, FedEx and ShopNow.com. Persistence Software (Nasdaq:PRSW) is headquartered in San Mateo, California. For more information, see persistence.com.
Persistence is a registered trademark and PowerTier is a trademark of Persistence Software Inc. in the United States and other countries. Persistence currently holds U.S. Patents Nos. 5,499,371; 5,615,362; 5,706,506. All other product, trademark, company, or service names mentioned herein are the property of their respective owners.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties, which could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Persistence Software's limited operating history, potential fluctuations in our operating results, uncertainties related to our long sales cycle, our reliance on a relatively small number of customers, our dependence on the Java programming language and the Enterprise JavaBeans standard becoming widely accepted standards, our need to deliver products that meet rapidly changing technology standards, our need to build a strong direct sales team and develop third party sales channels, our dependence on the deployment of enterprise-wide system deployments, and our need to address competition from companies with substantially greater resources. Further information regarding these and other risks is included in our Annual Report on Form 10-K for the year ended December 31, 1999 and in our other filings with the Securities and Exchange Commission.
CONTACT:
Persistence Software Inc.
Kristine Austin, 650/372-3622
kaustin@persistence.com
or
Direct @ccess PR
Rebecca Mettler, 703/212-7075
mettler@bellatlantic.net |
