New Beijing office joins growing operations in Shanghai, Guangzhou and Nanjing
BEIJING, August 13, 2001 – Trend Micro Inc. (Tokyo Stock Exchange: 4704, Nasdaq: TMIC), a leader in network antivirus and Internet content security solutions, has officially launched a new subsidiary to handle its expanding business operations in China, where the dramatic growth of networking and a boom in Internet use has fueled demand for high-end, server-based virus protection. The China business unit, based in Shanghai, also includes a new sales and support office in Beijing, a sales team in Guangzhou, TrendLabs antivirus research and support and an R&D/QA center in Nanjing.
"We're very excited to be revving up our operations in this vast, rapidly-growing market," said Trend Micro's President and CEO Steve Chang at the grand opening of the Beijing office yesterday. "We believe Trend Micro's advanced technology, global leadership in the server and gateway markets and strong commitment to local service and support will enable us to take a leading position in China's security software market."
Trend Micro has had a direct presence in China since its Nanjing R&D center was established in 1996. With a local staff of over 40 engineers, Trend Micro has now launched a TrendLabs Global Antivirus Research and Support Center, joining a worldwide network of service centers providing continuous 24 x 7 coverage to Trend Micro customers around the world. Trend Micro established a sales, support and marketing center in Shanghai in 1999, and sales offices in Beijing and Guangzhou in 2001. The newly-established Beijing office will focus on sales to the government and financial sector, as well as the emerging broadband Internet security business. Trend Micro expects to begin selling GateLock, its all-in-one broadband security device, to customers and service providers later this year. Trend Micro's total staff in China now includes more than 70 people.
Trend Micro also appointed Dennis Tsou to oversee Greater China operations as the president of Asia-Pacific operations. Tsou was formerly Trend Micro's senior vice president of European operations. "Trend Micro will now directly market, distribute and support its full product line in China," Tsou announced. "At the same time, we will also continue to strengthen our network of SIs and resellers, build alliances with major vendors and service providers, and boost our service and support capabilities." Trend Micro's allies and partners in China currently include Legend Computer, its largest PC maker; ChinaNet, the country's fourth-largest ISP, and IS One, a leading Internet security provider.
Internet use across China has been taking off rapidly, thanks to the combined effect of improved infrastructure, cheaper access and increasing local language content. Dataquest has predicted the number of Internet subscribers in China will grow at a compound annual rate of 37% to reach 51 million by 2004. "Our products have won a tremendous response in the China market," said Dennis Tsou. "The stunning growth in Internet usage and ongoing expansion of the ISP sector give us a great opportunity to introduce our Internet gateway and broadband solutions."
Notice Regarding Forward-Looking Statements
The statements included in this release contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Trend Micro cautions readers that forward-looking statements, including, but not limited to, statements about Trend Micro's plans to expand its services in China, the expected growth of Internet subscribers in China and our ability to capitalize on such growth, are based on Trend Micro's current expectations and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are Trend Micro's ability to produce software products that are technologically superior to those of its competitors and to maintain such superiority, its ability to offer software
products at competitive prices compared with its competitors' products, and its ability to gain and maintain customer satisfaction with its software products, in addition to other risk factors appearing from time to time in Trend Micro's filings with the United States Securities and Exchange Commission. Trend Micro assumes no obligation to update this information which speaks as of the date of this release unless specifically noted
About Trend Micro
Trend Micro is a leader in network antivirus and Internet content security software and services. The Tokyo-based corporation has its European headquarters in Marlow, England, and business units worldwide. Trend Micro products are sold through corporate, value-added resellers and managed service providers.
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