Camelot Information Systems Appoints Mr. Bo Chen as Executive Director and
Vice-Chairman of the Board
BEIJING, March 12, 2013
BEIJING, March 12, 2013 /PRNewswire/ -- Camelot Information Systems Inc.
("Camelot" or the "Company") (NYSE: CIS), a leading domestic provider of
enterprise application services and financial industry information technology
services in China, today announced that the Company has appointed Mr. Bo Chen
as an Executive Director and Vice-Chairman of the Board of Directors,
Mr. Chen was appointed as an Independent Director by the Board of Directors in
May 2012. In his new role as Executive Director, Mr. Chen will be responsible
for assisting the Company in evaluating strategic options for future growth,
enhancing business opportunities and executing the Company's operational
plans. "We are excited to have Mr. Chen play a greater role in our management
team," commented Mr. Simon Ma, Camelot's Chairman and CEO. "He will be an
effective leader at Camelot, as well as a passionate advocate for the high
standards necessary to achieve the next level of growth."
Mr. Chen is a seasoned professional with over a decade of experience in the IT
service and consulting industry. He most recently served as Corporate Vice
President and Chairman of the China Country Board and President of Greater
China at Capgemini. Prior to that, he served in senior positions at several
global IT service providers and consulting firms, including a stint as
Executive Vice President of the Technology Solution Group of Greater China at
Hewlett-Packard and as Global Vice President, President of Greater China at
BearingPoint. Mr. Chen is also an Executive Strategy Advisor to the Shanghai
municipal government and a member of the Performance Evaluation and
Compensation Design Committee of Shanghai's State-owned Asset Supervision and
Administration Commission (SASAC).
ABOUT CAMELOT INFORMATION SYSTEMS INC.
Camelot is a leading domestic provider of enterprise application services and
financial industry information technology ("IT") services in China, focusing
on the high end of the IT value chain. The Company is the largest domestic
provider of SAP-based Enterprise Resource Planning services in China, as
measured by its 2010 revenues and the number of SAP consultants as of December
31, 2010, according to International Data Corporation ("IDC"). IDC also ranked
Camelot the number-one service provider in the banking testing market in 2010.
Camelot also operates in other areas of the Asia Pacific region, including
Taiwan and Japan. The Company provides services to a wide range of industries,
including financial services, resources and energy, manufacturing and
automobiles, technology, as well as telecommunications, media and education.
This press release contains statements that may constitute "forward-looking"
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve a number of risks and uncertainties
that could cause actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by these forward-looking statements. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the following: the
Company's growth strategies, the Company's ability to attract and retain
skilled professionals, the market of IT services in China, the wages of IT
professionals, the Company's ability to serve, retain, and attract customers.
Further information regarding these and other risks is included in Camelot's
filings with the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F. Camelot does not undertake any obligation to update any
forward-looking statement as a result of new information, future events or
otherwise, except as required under applicable law.
Investor Relations Contacts:
CCG Investor Relations
Ms. Jojo Guo, Investor Relations
Manager Mr. Crocker Coulson, President
Tel: +1 (646) 371-6533 Tel: +1 (646) 213-1915
E-mail: email@example.com E-mail: firstname.lastname@example.org
Mr. John Harmon, CFA, Sr. Account
Tel: +86 (10) 8573 1014 (Beijing)
SOURCE Camelot Information Systems Inc.
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