SWsoft Acquires the Number One Chinese Hosting Software Company and Forms SWsoft China

October 19, 2005

Company Extends Operations with Acquisition of ValueOf Software Technology to Offer Complete Server Automation and Virtualization Solutions to Growing Chinese Market

Beijing, China and Herndon, VA — October 19, 2005 – Today, SWsoft, an established leader in server automation and virtualization software, announced the acquisition of the assets and technology of ValueOf Software Technology Co. Ltd (www.valueof.com) for an undisclosed amount to establish SWsoft China. SWsoft China, a wholly owned subsidiary, will provide complete sales, support, localization and marketing support to its growing list of service provider customers in China.

“By partnering with a global leader in hosting automation and virtualization software, we are well positioned to deliver leading products and solutions to the Chinese hosting market” said Zhang Zili, CEO, SWsoft China. “China represents one of the top hosting markets worldwide, and our dedicated team based in Beijing is now prepared to fully support its growth with SWsoft’s complete server automation and virtualization solutions including Plesk, Virtuozzo, SiteBuilder, HSPcomplete and PEM.”

“With this acquisition and the creation of SWsoft China, we are furthering our commitment to accelerate the growth of the Greater China region including Taiwan, Hong Kong and beyond,” said Soeren von Varchmin, Managing Director of European and Asian Operations at SWsoft. “SWsoft China will continue to sell, develop and support Prim@hosting, 3Biz and other existing ValuOf Software solutions and will benefit from the addition of our proven automation and virtualization solutions which will be fully localized, translated and locally supported. Furthermore, SWsoft will strengthen business relationships across Asia-Pacific and help drive our partner and customer success to new levels.”

Globally Proven Hosting Software Solutions
SWsoft powers more than 120,000 servers for service providers and enterprise customers worldwide. With its headquarters in Herndon, VA, SWsoft employs more than 650 employees in the US, Europe, Japan and China.

For Telcos, ISPs and hosting providers, SWsoft is the market and momentum leader and provides the only complete set of server automation and virtualization products that effectively supports virtually every type of hosting service offering on every major platform. The company’s Virtuozzo, Plesk, SiteBuilder, HSPcomplete and PEM products enable the most feature rich, reliable and integrated solutions for virtualization, control panel server management, website creation and end-to-end automation.

About SWsoft
SWsoft is a recognized leader in server automation and virtualization software. With more than 10,000 customers in over 100 countries, SWsoft's suite of products – transparently integrated and extended through the OPEN FUSION Initiative – delivers proven performance, reliability, manageability and value. Headquartered in Herndon, VA, with offices around the world; SWsoft is a high growth company, funded by Bessemer Venture Partners, Insight Venture Partners and Intel Capital, offering comprehensive solutions including: Virtuozzo, Plesk, SiteBuilder, HSPcomplete and PEM. For more information about SWsoft, visit www.swsoft.com.

 
 
 
 
 
 
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