SOURCE: Symbio Group

February 22, 2008 09:04 ET

Result Holdings and Symbio Group Announce Global Partnership to Help European Technology Companies Enter the Chinese Market

Hosting Chinese/European Business Symposium on Feb. 28

STOCKHOLM, SWEDEN and ROCKVILLE, MD--(Marketwire - February 22, 2008) - Result Holdings (www.result.com) today announced a partnership with the Symbio Group (www.symbio-group.com) to help European technology and Internet companies establish their businesses in China. In addition, the Result Symbio partnership provides Asian Internet companies with access to global markets.

Stockholm-based Result Holdings helps Internet companies develop their businesses globally. The Symbio Group leverages China outsourcing teams to help companies become global leaders. The agreement was signed by Ola Ahlvarsson, CEO of Result, and Jacob Hsu, CEO of Symbio Group.

According to Jacob Hsu, the aim of the partnership is to help European companies overcome the obstacles to entering China and assist them with successful entry into this growing market.

Through this partnership, the two companies aim to offer client companies a seamless on-ramp into each other's markets, minimizing lost time and making the process more efficient.

The two companies have also announced a kick-off event, a symposium, to be held in Beijing, China on Feb. 28. Ola Ahlvarsson of Result will lead a delegation of companies participating in the event, held at the Guxiang 20 hotel in Nanluoguxiang, China. The aim of the symposium is to introduce Chinese and European startup companies to each other so that they have an opportunity to learn about each other's markets and to think about the best entry strategy for those markets.

Result is the European leader in helping companies expand internationally and has worked with leading Internet companies in Europe, ranging from giants like Google to hot start-up companies including Xing, Fon, Rebtel and Web Power.

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 include AOL, BMC, CA, Citigroup, EMC, FileNet, BIM and more. For further information on Symbio, visit www.symbio-group.com or call 408-694-9601.

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