Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS-News / 05/12/2018 / 15:12 UTC+8
*Vixtel Technologies Holdings Limited
(Stock Code: 1782.HK)*
*Entering Into Strategic Cooperation with NetScout, the Largest Global
Network Performance Management Giant,
Vixtel Technologies Makes Efforts in the 5G Network Performance Monitoring
Market to Seize Huge Opportunities in China's Telecom Industry*
*Vixtel Technologies Holdings Limited* (the "Company" or "Vixtel
Technologies", together with its subsidiaries, the "Group", stock code:
1782.HK) is pleased to announce on 4th December 2018 that the Company has
signed a cooperation agreement with the world's largest network performance
monitoring and diagnostics company (NPMD) - NetScout Systems Inc.
("NetScout", NASDAQ stock code: NTCT) to become NetScout's "Telecom Operator
Market Strategic Partner" in China at the highest Platinum Partner level.
The Company will focus on the 5G network virtualization monitoring market to
provide a full range of Software Defined Network (SDN) and Network Function
Virtualization (NFV) performance management services, so as to gain more
orders from China's telecom operators.
In this agreement, Vixtel Technologies will obtain the distribution right of
NetScout products until terminated with mutual consent of the two parties.
NetScout is the world's largest NPMD company with a state-of-the-art
analytical tool system. Especially in the fields of NFV and virtualization
performance management, NetScout is one of the few enterprises that has
established a formal partnership with VMWARE, a US software company which
provides cloud computing and hardware virtualization, and Openstack, the
cloud computing software in which NASA has conducted research and
development. Hence NetScout fully masters the technology to monitor the
performance of 5G network virtualization. The strategic cooperation with
NetScout will help Vixtel Technologies to enrich its product lines and
service scopes, to provide a comprehensive and sophisticated application
performance management solutions in 5G network virtualization for China's
telecom customers, thereby enhancing the competitiveness of Vixtel
Technologies.
*Mr. Sie Tak Kwan*, the *CEO of Vixtel Technologies*, is excited about the
cooperation, 'The cooperation is an important step in the Company's
development strategy. At present, China Mobile is our main telecom operator
customer. With the increasing popularity of digital homes in China and the
gradual adoption of 5G networks, Vixtel Technologies has put forward the
strategic goal of Focus On 5G. In addition to increasing R&D investment and
continuing to strengthen the Company's performance management solutions for
the digital homes, the Company is also enhancing its technical solutions in
5G networks by forming the strategic partnership with NetScout. The 5G
network is a virtualized network, while NetScout has been the leading
enterprise providing virtualized network performance management in the
United States and Europe. This time, Vixtel Technolgies's cooperation with
NetScout in the telecom field does not only embody our technologies and
marketing capabilities, but also reflects NetScout's confidence in China's
telecom market."
He continued, "Since the initial completion of 4G construction, China
operators have not made large-scale investments in mobile networks for many
years. I believe that under this wave of 5G construction, the demand of
operators for network performance management will increase substantially,
which will bring a large number of orders to the industry. We are confident
to benefit from the 5G boom through the formation of a comprehensive leading
performance management solution covering the users and the core network.
According to the forecast of Frost & Sullivan, a famous international
consulting company, the total value of the Chinese application performance
market is expected to exceed RMB5 billion by 2020. Telecom service providers
are an important sector, providing the enterprises with a rare golden
development opportunity. Accelerated deployment of the state-led 5G network,
coupled with deep penetration of the Internet of Things and smart homes, we
will increase investment in research and development to meet the needs of
our customers and seek sustainable growth for the Company."
*Mr. Michael Chang, NetScout's Sales Director in Greater China* said: 'We
are confident about this strategic co-operation. On one hand, NetScout could
leverage on Vixtel Technologies' extensive network in China's telecom market
to rapidly promote our international leading network performance management
system. On the other hand, this is a mutually beneficial agreement in which
Vixtel Technologies could enhance its product portfolio, demonstrate its
core market value and expand its market shares."
- _END -_
*About NetScout*
Established in 1984, NetScout has its headquarter in Massachusetts, USA.
Same as Vixtel Technologies, NetScout provides tailor-made on-premises
Application Performance Management services for its customer. It is the
largest network performance monitoring and diagnostics company in the world.
Leverage on its strong integration capability and product performance, its
client ranged from medium to large scale enterprises, government agencies as
well as telecom service providers. It is listed on NASDAQ, with a market
value of approximately USD$2 billion and a P/E ratio of approximately 58
times.
*About Vixtel Technologies Holdings Limited *
Vixtel Technologies Holdings Limited (Stock code: 1782) is a market leader
in China's application performance management ("APM") industry. It mainly
provides APM products and service solutions to telecom operators, cable
television suppliers, power companies and large scale enterprises. Its main
business includes overall APM system solutions, software development
services, technical services and sales of standard hardware and software.
Products of the company include NetVista platform, Trade QoS system and
software-as-a-service (SaaS) platform etc.
This press release is made by DLK Advisory Limited on behalf of *Vixtel
Technologies Holdings Limited*.
*DLK Advisory ????*
Tel: +852 2857 7101
Fax: +852 2857 7103
Document: http://n.eqs.com/c/fncls.ssp?u=CFTSPGJMXV [1]
Document title: Entering Into Strategic Cooperation with NetScout, the
Largest Global Network Performance Management Giant, Vixtel Technologies
Makes Efforts in the 5G Network Performance Monitoring Market to Seize Huge
Opportunities in China's Telecom Industry
05/12/2018 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
Media archive at www.todayir.com
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(END) Dow Jones Newswires
December 05, 2018 02:13 ET (07:13 GMT)
