|eBIS COMPLETES THIRD ROUND OF FUNDING
BEIJING, PRC--December 5, 2001-- eBIS Company Ltd, a leading information technology service provider of business solutions, announced today that it has closed its third round of funding. The investment was led by the Carlyle Group�s Asia Technology Venture Fund and included Intel Capital. The investment will help eBIS penetrate new market sectors, such as telecom and securities. It will also be used to support continuing research and development, and to fund domestic mergers and acquisitions.
eBIS specializes in providing system integration, total application solutions, information technology strategy consulting, and solutions implementation to China�s leading state-owned enterprises and government agencies. eBIS also provides information technology solutions for data management and data security.
"This round of financing will support the growth of eBIS and consolidate eBIS�s position as a leader in the industry", said Schelling Peng, chairman of eBIS. "At the same time, we look forward to providing better solutions and services to our customers."
"We are very impressed by the company�s track record, solid business and management�s strong aspiration to become a world-class company," said Eric J. Levin, managing director of Carlyle�s Asia Technology Venture Fund. "We�ll work with the company, provide more value-add, and look forward to building eBIS into the recognized leader in its markets."
"Over the past several years, China has experienced rapid growth of information technology deployment, and we see that this trend will continue," said Wee Theng Tan, President, Intel China. "Intel Capital supports companies, such as eBis, that are providing total solution for enterprises and government to enhance their operation capabilities through the use of information technology."
About eBIS Company Ltd.
Founded in 1994, eBIS has built a client list that includes China�s leading state-owned enterprises in banking, securities, telecom, media, post, utilities, and airline industries; and government agencies such as customs, various tax bureaux, and China Inspection and Quarantine.
About The Carlyle Group
Based in Washington D.C., The Carlyle Group is the world�s largest private equity investment firm. The Carlyle Group�s Asia Technology Fund, based in Hong Kong, is a leading investor in high technology companies in Asia throughout Asia with a particular emphasis on China, India and South Korea.
About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intel's strategic interests.