visionGATEWAY Announces Strategic Move Into the Chinese VoIP Market

Michael Emerson, CEO of visionGATEWAY, Inc., an Enterprise Solutions Development and Global Distribution company with a focus on Internet Management, Security and VoIP, announced the signing of a Heads of Terms with eBanx (UK) Limited relating to the acquisition of the business of eBanx by visionGATEWAY, Inc. In order to meet its strategic growth opportunities in the VoIP market, specifically in China, visionGATEWAY is finalizing contractual agreements to complete the acquisition of eBanx within the next 90 days, whereby eBanx will become a wholly owned subsidiary of visionGATEWAY, Inc.

 

eBanx (UK) Limited is a Scottish company that was set up over 4 years ago specifically to hold a 49% share in Beijing Huyang, a Chinese company that was issued the first VoIP license in Beijing. Beijing Huyang now also owns other VoIP licenses and has the rights to resell China Telecom, China Unicom and China Netcom services. It also has the right to develop/acquire its own VoIP technology and sell that in the Beijing area. Beijing Huyang has also been approved for a China-wide national VoIP license subject to further capitalization.

Alan Boyd, a Director of visionGATEWAY, who has facilitated the transaction, said that the opportunity to work with Beijing Huyang will enable visionGATEWAY to expand the distribution of its solutions to the Chinese market, particularly the new secure VoIP solution bundle that visionGATEWAY has in conjunction with Centile's VoIP IntraSwitch solution. Mr. Boyd has been involved in the Chinese Technology market for over 20 years. He co-founded St Banks International Group, a wholly owned intellectual property management company in Shanghai and Tian Na TV and Media Company, the first Western-owned television company to be licensed in China.

A pioneer of the US personal computer industry in the 1970s, Boyd became the first Product Development Manager at Microsoft in 1980, where he reported directly to Bill Gates. At Microsoft, he was responsible for the development of many software products that have since become household names and sold hundreds of millions of copies. He was subsequently responsible for the formulation and implementation of Microsoft's successful acquisitions strategy.

 

« JDSU Tackles High Capacity Networks | Main | VoIP leads cost-cutting drive in corporate telecoms »