Cybercom opens another office in China

Cybercom opens another office in China

Via newly acquired Plenware, Cybercom opened a new office in Chengdu (western
China). The operation focuses on embedded systems, is recruiting more than 100
employees before the summer, and intends to expand to more than 200 employees in
2009.

On Wednesday, 30 January, Paavo Väyrynen and Hannu Meskanen opened Cybercom's
new office in Chengdu, China. Väyrynen is Finland's Minister for Foreign Trade
and Development, and Meskanen is the founder and managing director of Plenware.
The operation's expertise is embedded systems software. 

“The Chengdu office is a continuation of our international expansion,” says
Patrik Boman, president and CEO of the Cybercom Group. “The office is a natural
part of our global sourcing proposition, in which we combine strong local
presence with efficient global delivery capacity.” 

Cybercom's expansion into China is through Plenware, a Finnish IT consultancy
that Cybercom acquired in December. In 2007, Plenware opened its first office in
Beijing, which the Chengdu office now complements. The Chengdu office is
managing international and Chinese customer projects.

“It's exciting to continue the expansion in China, which Plenware launched last
year," says Meskanen, Plenware's founder and managing director. “Now, as part of
Cybercom, we will continue to drive the vision of offering global solutions for
our local customers' projects.”

Chengdu has 10 million inhabitants, is the most important trading centre in
western China, and the capital of the Sichuan province. The IT industry receives
top priority in Chengdu and focuses on foreign investments and high-tech
industrial projects for export. The 78 universities and 660 technical schools in
the Sichuan province provide a wide selection of competent employees. Meanwhile,
the cost level is lower than in coastal cities in China.

“Progress requires co-operation,” Väyrynen said at Plenware's opening ceremony
in Chengdu. “This worked well for us in Finland - co-operation between
authorities, universities, research parks, and companies. We hope this will also
work well in Chengdu, which is known for its universities and high-tech
industrial parks.”


Find out more, get in touch with:
Patrik Boman, CEO and president, Cybercom Group +46 73 983 89 79
Hannu Meskanen, managing director, Plenware +358-501487
Patrik Anshelm, acting IR & communications manager, Cybercom Group +46 70 971 12
84

About Cybercom
The Cybercom Group is a high-tech consultancy that offers global sourcing for
end-to-end solutions. The Group established itself as a world-class supplier in
these segments: portals, mobile solutions, embedded systems, e-commerce, and
business support systems. Thanks to its extensive industry and operations
experience, Cybercom can offer strategic and technological expertise to these
markets: telecom, Internet, and media (TIM); banking and financial services;
automotive; national defence; and the public sector. The Group employs about
1850 persons and runs projects worldwide. Cybercom has 28 offices in 11
countries. Since 1999, Cybercom's share has been quoted on the OMX Nordic
Exchange. Find out more at: www.cybercomgroup.com.