Promise and Sugon Set Up JV for Storage Solutions: SuPro Stortek

Promise Technology Inc. and Sugon Information Industry Co., ltd., an IT systems service provider in China, together with the Tianjin Binhai Hi-tech Industrial Development Area held a joint signing ceremony in Beijing on February 24th to officially announce the founding of the joint venture called SuPro Stortek Co., Ltd.

The new company will carry out R&D, sales and support services of storage solutions. The joint venture will develop storage solutions that meet the growing needs of customers in China and around the world.

James Lee, chairman of Promise, Sugon’s president Li Jun and SVP Nie Hua and Wang Zong Kai, director of the Tianjin Binhai Hi-tech Industrial Development Area, attended the signing ceremony.

Under the agreement, the new company will leverage the technology and markets of Promise and Sugon. The primary direction of the R&D efforts will focus on server SAN, hyperconverged and all-flash arrays amongst other solutions. The scope of the business will include technology development, technology consultation, technology service, technology transfer, network security equipment, storage equipment and system integration (the business scope in the final license approved by the industrial and commercial authority takes precedence). Additionally, the joint venture company will build a storage solution R&D center, operations center, customer service center and sales HQs in the Tianjin Binhai Hi-tech Industrial Development Area from which the company’s storage solutions and complete sales and service support system will enter the Chinese and global markets.

James Lee, chairman, Promise, said: “Over the last few years, Promise and Sugon already have had extensive experience in cooperating together. Sugon is the leading integrated IT systems service provider in China with a long commitment to IT infrastructure, cloud computing and big data to provide users with reliable solutions that offer the highest performance. Sugon’s dedication to the storage industry is evident, especially in the area of distributed cluster NAS where they are one of the leaders. In this joint venture, Promise takes on the role of providing technology R&D together with Sugon, which will take the great experience we had working together in the past even further. The short term goal of both sides cooperating is to leverage the influence of Sugon to strengthen Promise’s competitiveness in the Chinese storage market. Promise’s product portfolio is very extensive and with Sugon’s cooperation the potential is enormous. In the future, the strong combination of Promise and Sugon will be able to leverage the synergy of the companies to create a relationship where ‘1 + 1 > 2’ to not only expand the market in China, but around the world.”

Li Jun, president, Sugon, addd: “Promise is a global leader in the storage industry and a leading developer of high performance storage solutions. The company’s storage solutions are deployed in the enterprise IT, data center, video surveillance, cloud and rich media markets. For Sugon, storage is an integral and indispensable part of its ‘Data@China’ strategy for big data and large-scale cluster computing. Sugon and Promise’s new joint venture will be based in one of the top four future technology cities, the Tianjin Binhai Hi-tech Industrial Development Area, and this will not only take the storage business of Sugon to a new level but also accelerate the process of the company’s ‘Data@China’ strategy.”

About Sugon
It is a Chinese IT systems service provider and developer of cloud computing solutions. It offers solutions from infrastructure to cloud services and has opened 20 city-wide cloud computing centers called ‘city clouds’ or ‘government clouds’.