The Digital Source For China's Tech Innovation Since 2000

Search
Close

China's 21vianet Acquires VPN Service Provider Dermot

August 13, 2014
Internet | Security | Telecom & Wireless

Chinese Internet infrastructure service provider 21vianet announced that the company has reached an agreement with DYXnet to acquire the entire stake in Dermot Holdings Limited and its affiliates.

Dermot operates VPN businesses in DYXnet and it includes Diyixian.com Limited and Shenzhen Diyixian. Virtual private network services provide users online privacy and circumvention services.

Founded in 1999, DYXnet is a leading VPN service provider in Greater China. With Dermot, DYXnet Group's network currently covers over 700 cities and regions, including China's mainland, Hong Kong, Taiwan, Vietnam, and Singapore. With the acquisition, 21vianet will be able to expand its data transmission infrastructure across Greater China, provide high-performance virtual private network connection solutions, and further enhance its leading position in the Chinese comprehensive Internet infrastructure service sector.

However, the deal is still subject to certain conditions. Without sharing financial details of the transaction, 21vianet said they will realize the purchase with cash and shares, and the detailed amount will be adjusted in accordance to some performance indicators. On the completion of the deal, the executives of Dermot will retain their positions and will actively participate in the daily management of the company over the next two years. The transaction is expected to close in the third quarter of 2014.

As an Internet infrastructure service provider, 21vianet offers server and network device hosting services to customers. The company is committed to providing faster and more reliable data transmission with its extensive network and featured BroadEx smart router technology.

Tags: 21Vianet | acquisition | Cloud Computing | Hong Kong | Internet privacy | online privacy | Singapore | Taiwan | Vietnam | virtual private network | VPN

Other Related News:

Baidu Opens R&D Center In Shanghai

December 22, 2008

UPDATE 4-China, let’s go to Foxconn, some structure sites are working again in COVID bubbles

March 31, 2022

China censored and modified the ending of “Fight Club” A different message for the film starring Brad Pitt

January 27, 2022

ITB China 2021 goes fully digital

November 3, 2021

China pilots nationwide blockchain development over real-world use cases

January 31, 2022

AOC Seeks Chain Store Channels In China

February 20, 2006

Tmall.com, JD.com, Suning.com Top Chinese B2C Internet Shopping Market

September 10, 2013

Unqualified Electronic Products Ordered To Withdraw From Market

November 13, 2007

While Blocked In Mainland China, Facebook Heads To Taiwan

December 8, 2015
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....