GigaMedia (GIGM) Previews New GigaCloud Platform

December 18, 2012 6:00 AM EST Send to a Friend
GigaMedia Ltd (NASDAQ: GIGM) provided a preview of the company's new, self-developed GigaCloud platform, demonstrating a bundle of new products at an event in Taipei that was attended by the media, industry professionals and potential partners.

GigaCloud is an integrated platform of cloud-based tools and services for SMEs -- a simple, efficient way for SMEs to outsource their critical IT needs and upgrade their business with technology that provides cost savings, productivity improvements, and flexibility.

Cloud services for SMEs in Taiwan and mainland China is a largely untapped opportunity and lags the US in adoption. There are over one million SMEs in Taiwan and strong growth of cloud services regionally is forecast, driven by SMEs.

To help penetrate the market, product launch is planned in strategic partnership with Taiwan-based Chailease Holding Co Ltd to capitalize on the firm's large SME customer base. Chailease is Taiwan's number one leasing company with approximately 42 percent market share. The firm has a wide product offering, including financial services, leasing, and installment sales and serves approximately 15,000 SMEs in Greater China.

GigaMedia plans to expand the scope and reach of its services through additional strategic channel and technology partnerships going forward.

Launch of GigaCloud is scheduled for March 2013.


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