SOURCE: Symbio Group

February 27, 2007 11:10 ET

Symbio Group Appoints Jacob Hsu President

Plans to Expand Outsourcing Business to Becoming an Innovation Partner

ROCKVILLE, MD -- (MARKET WIRE) -- February 27, 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 president. Mr. Hsu has served as a senior executive at the company for more than nine years, most recently as Chief Operating Officer (COO). Mr. Hsu fills the president position previously held by Richard Le, recently promoted to CEO of the Symbio Group.

As president, Mr. Jacob Hsu will head up Symbio's global operations, as well as manage worldwide strategic planning, marketing and business development. In his nine years at Symbio, Mr. Hsu has served as Chief Operating Officer, Chief Marketing Officer and Managing Director of the company's North American operations. He also headed Symbio's Japanese operations and led Symbio's investment and corporate development initiatives. At Thunderchief Software, a Symbio Group company specializing in software product development, Mr. Hsu served at Managing Director. He was also the Managing Director at Symbio Digital Entertainment, another Symbio Group company, focused on game outsourcing and development.

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.

"Symbio is at an exciting crossroads in our industry, and I'm excited to be part of the team that's going to change the rules of the game for outsourcing," said Jacob Hsu, president of Symbio. "We are making the quantum leap from being an outsourcing company to an innovation partner with our clients. Our vision is to build an innovation ecosystem at Symbio that will enable our clients to leverage an elite and scalable group of technologists specifically trained to think and solve problems, working in our state-of-the-art technology centers in China to develop tomorrow's technologies."

Richard Le, CEO of Symbio, commented, "With Symbio continuing its leadership as a software outsourcer, and expanding our capabilities as a technology partner for our clients, Jacob Hsu's extensive knowledge of the company and the market make him the ideal president for our next phase of growth."

About Symbio

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 650-356-1981, or email marketing@symbio-group.com.

Contact Information

  • For more media information, contact:

    Lisa Hendrickson
    LCH Communications for Symbio Group
    516-767-8390
    Email Contact