Pacnet, Asia Pacific a supplier of connectivity solutions for data and colocation services, has announced the appointment of Michael Xu as CEO of his own funds joint venture in China, Pacnet Business Solutions (PBS), with immediate effect. Based in Shenzhen, Mr Xu will lead the company's expansion plan in the data center and networking in the Chinese market.
Michael Xu has an experience of over 25 years in the data center industry and data and previously Senior Vice President at GDS Services Ltd. responsible sales, marketing, solutions and government relations. Before that, he worked with Dell for more than seven years, where he was most recently General Manager of China Medium Business . He also held several management positions in global technology companies, including Sun Microsystems, Oracle and Motorola.
According DCD Intelligence, China colocation market is set to grow at an annual compound growth rate (CAGR) of 40 percent to 380 percent of its current size in 2016. the increase demand is largely driven by the rapid development of cloud computing and big data following the twelfth five-year plan of the government.
"PBS already has an inner extended footprint in telecommunications and Tier III data center infrastructure and operations in key markets of China that we will continue to strengthen," said Michael Xu . "At the same time, I look forward to ensuring that we continue to build the right strategy, products, services, expertise and focus on innovation in PBS to capitalize on this opportunity and consolidate our position leader. "
Pacnet owns and operates one of the largest submarine cable systems with high capacity in the region with more than 46,000 km of fiber and connectivity to interconnected data centers in 14 cities in the Asia-Pacific region, which would Pacnet unparalleled reach to major business centers in key markets, including China, India, Japan and the United States.
strategic business development
"PBS already has an extensive national footprint in telecommunications and infrastructure level III data and the center's operations in China's main markets we will continue to strengthen, "said Michael Xu.
"Since we entered this dynamic market with our equity joint venture Pacnet Business Solutions in 08, we have witnessed a dramatic demand for ICT and data center services and the two conglomerates local multinationals, "said Carl Grivner, CEO of Pacnet ." Today, we are the first and only foreign company authorized to provide IPVPN services and data center network services China. Michael will play a central role in transforming the company into an even stronger data center and network operator in China to capitalize on our momentum in the market and grow our business exponentially. "
with this announcement, Pacnet has also appointed Henry Lam as Deputy Chairman of the Board of PBS . Mr. Lam served as CEO of PBS for the last six years. During this time he helped build PBS from a startup to an enterprise-level service provider and established a solid foundation for the company in China. As Vice President, he will now focus on deepening our relationships with key government institutions and local telecommunications companies in China for the strategic development of the company.
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