BEIJING, Jan. 10, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq: CCIH ), the leading total solutions provider of Internet content and application delivery services in China, today announced that the Company has won the "Credible Cloud Services" status granted by the Ministry of Industry and Information Technology ("MIIT") in January 2014. The "Credible Cloud Services" accreditation program was launched by the MIIT in October 2013 and is the first cloud services program of its kind to be implemented in China.
ChinaCache is one of ten companies that have received this "Credible Cloud Services" status. ChinaCache's two types of cloud services, namely ChinaCache's cloud server service and elastic block storage (EBS) service, passed all the 13 accreditation tests required by the MIIT. Both services met the MIIT's stringent criteria, such as standards for usability, movability, privacy, resource allocation and failure recovery capabilities. More noticeably, ChinaCache provides usability levels as high as 99.9% with downtime limited to less than 8.76 hours per year, which translates into more stability and convenience for ChinaCache's cloud service customers.
According to the statistics released by the China Academy of Telecommunication Research of MIIT, the global market size of cloud services reached USD131.7 billion in 2013, an increase of 18% year-over-year. The total market size is estimated to increase to USD244.2 billion by 2017. As cloud services continue to grow at a rapid pace, greater needs are placed on the government and leading cloud players to build up credible and reliable industry standards, whether it is for regulating purposes or strengthening market confidence in cloud services.
We believe, with the help of credible cloud service accreditation systems and the advancing capabilities of cloud providers, China's cloud services will achieve higher security and stability. ChinaCache, at the forefront of this industry, will continue to provide high-quality cloud services with optimal user experiences.
About ChinaCache
ChinaCache International Holdings Ltd. (Nasdaq: CCIH ) is the leading total solutions provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex Internet infrastructure, ChinaCache is a partner of choice for businesses, government agencies and other enterprises to enhance the reliability and scalability of online services and applications and improve end-user experience. For more information on ChinaCache, please visit en.chinacache.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. ChinaCache may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ChinaCache's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening our relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ChinaCache undertakes no duty to update such information, except as required under applicable law.
For investor and media inquiries please contact: Ms. Nancy Song Investor Relations ChinaCache International Holdings Tel: +86 (10) 6408 5306 Email: Ms. MaryBeth Csaby The Piacente Group | Investor Relations Tel: +1 212-481 2050 Email:
