OlymTech and DCBB together offer SaaS to SMB in China

Ning Bo, China, October 8, 2007 OlymTech (Ning Bo) Ltd., a subsidiary of OlymTech Corporation based in Silicon Valley, California, the industry leader in the Software as a Service (SaaS) operation support platform, SaaS application runtime platform and SaaS application development platform, today announced that it has signed a partnership agreement with Digital China BB (DCBB), a joint venture between Digital China, the largest software distributor, independent software vendor (ISV), and system integrator (SI) in China, and Softbank BB, the largest software distribution company and the first partner of Salesforce.com in Japan.

After months of evaluations on many different solutions in the U.S., senior experts from Softbank BB, Japan and Digital China finally landed on OlymTech's platform solutions. "OlymTech has the most advanced architecture we have ever seen, and the most complete solutions for SaaS service providers," said Mr. Watanuki from Softbank BB. Mr. Ma, the CEO of DCBB was also impressed with OlymTech's team of experts: "You guys have the most profound understanding and hands-on experience with SaaS among the companies we have spoken to."

According to the agreement, DCBB will use OlymTech's platform to develop and host SaaS applications it is planning to offer to its SMB clients across the country, through Digital China's 15,000 resellers. Meanwhile, OlymTech will provide training and technical support to software companies which will build SaaS applications and provide them to DCBB.

Prior to partnering with DCBB, OlymTech has been in partnership with China Netcom in Zhejiang Province and some smaller service operators since July, 2005. There are now over 6000 companies on OlymTech's platform, using various business management applications, from horizontal to vertical applications. OlymTech has also established two SaaS application development incubation centers in China since early 2006, where OlymTech provides free training and technical support to the software companies.