ROCKVILLE, MD--(Marketwire - November 19, 2007) - The Symbio Group ("Symbio")
(www.symbio-group.com), a leading provider of software development,
testing, and globalization outsourcing services, announced today that Jacob
Hsu was named Chief Executive Officer. Mr. Hsu was previously Symbio's
President and has served as a senior executive at the company for more than
nine years. Mr. Hsu fills the CEO position previously held by Richard Lee,
who will become the Vice Chairman of Symbio.
As CEO, Mr. Jacob Hsu will lead Symbio's global operations and expansion
into new business areas. In his 9 years at Symbio, Mr. Hsu has served as
President, Chief Operating Officer, Chief Marketing Officer and Managing
Director of the company's North American operations.
During his tenure as President, Mr. Hsu established two first-of-a-kind
university-level software engineering institutes in Weihai, China, to help
address the global talent shortage. He signed groundbreaking agreements
with the China Weihai Municipal Government, the Harbin Institute of
Technology (HIT) at Weihai, and Shandong University at Weihai, to establish
The Symbio Software Engineering Institutes in Weihai, China.
Mr. Hsu has also headed Symbio's operations in Japan, the United States,
and China and led the company's investment and corporate development
initiatives. At Thunderchief Software, a Symbio Group company specializing
in software product development, Mr. Hsu served as CEO and Managing
Director. He also founded and served as Managing Director at Symbio
Digital Entertainment, another Symbio Group company, focused on game
outsourcing and development. Mr. Hsu is globally recognized as an expert
on software outsourcing in China and is frequently called upon to serve as
a spokesman for the industry.
Prior to joining Symbio, Mr. Hsu was the CEO of Trilogica Technologies, a
pioneer in the area of data aggregation and web integration software.
Before that, he was an investment banker at a number of firms, including
Fox-Pitt, Kelton (FPK), where he specialized in mergers and acquisitions.
He is a graduate of the Wharton School of Business.
"I am thrilled to rise to the call of leadership at Symbio. The Symbio
family of companies is entering a tremendous phase of growth. Our
strategic position as the technology and innovation bridge between the West
and Asia enables us to leverage a myriad of new opportunities that
complement our core software foundry operations in high growth areas
including education, healthcare, start-up incubation parks, and the
creation of joint ventures with global leaders. As we move forward, Symbio
will clearly establish that we are the world's premier software foundry and
human potential factory. We will continue to be the partner of choice for
the world's innovators and technology companies to create software that
powers their core businesses," Jacob Hsu stated.
Mr. Hsu continued, "I'm very much looking forward to building upon the
strong foundation that our founders created and leading Symbio to the next
level as a truly global outsourcing powerhouse."
Symbio leverages China outsourcing teams to help companies become global
leaders. It helps organizations accelerate their software development and
testing cycles by optimal application of its global resources and delivery
models. Symbio also localizes and supports technology products for any
language or locale. Founded in 1994 by a group of engineers from IBM's
international research and development labs in Asia, Symbio now functions
as a cost-effective and highly efficient extension of an organization's
development, testing and globalization teams. Symbio's clients are among
the world's elite companies including: AOL, BMC, CA, Citigroup, EMC,
FileNet, IBM, MasterCard, Mercedes Benz, Microsoft, Nokia, Oracle, Palm,
Sony, as well as more than 300 other leading organizations.
For further information on Symbio, please visit www.symbio-group.com, call
+1 408-694-9601, or email email@example.com.
Contact Information: For more media information, contact:
LCH Communications for Symbio Group