Olymtech

Beijing, China, August 28, 2007 The SaaS Conference China 2007 is held here today. It is the first SaaS conference ever held in China. “It comes a long way for China’s effort on promoting Software as a Service. It is a milestone,” said Mr. Kaibing Cao, vice president of CCW (China ComputerWorld) Research which co-organized the conference with IT Manager magazine. The major industry leaders such as China Telecom, China Mobile, China Netcom, UFIDA, Kingdee, Salesforce.com, OlymTech, OpSource, AliSoft, and many others presented on the conference.

OlymTech’s co-founder and chief consultant, Jim Wang, gave his speech on Green IT. Jim was surprised after learned that the electricity consumed by those servers in the data centers accounts for 1.5% of the total electricity used by the Americans. Jim pointed out that the savings on electricity by moving the software industry to SaaS model will be tremendous. He compared SaaS to public transportations like buses and subways which people share with others to move around. SaaS enables the sharing of servers and data center infrastructure which would otherwise be dedicated to individual companies, or even hosted internally in the companies.

Though the benefit and potential of SaaS are encouraging, Jim also pointed out the tough challenges lying ahead of the SaaS industry in China. China’ s SaaS initiatives started almost the same time as companies such as Salesforce.com, Catapulse, Corio, etc. in the U.S did. However, there is no company in China ever come close to success in this space after seven years of effort.

Jim pointed out the reasons to be the lack of investment capital, technology, and marketing experiences for the SaaS industry. He told the audience in the conference that OlymTech is there to help solving those tough issues by facilitating to establish a value chain for SaaS using its technology, experience and expertise gained in the past seven years. OlymTech is there to help software companies, telecom service providers and other service providers to transform themselves into SaaS model.

OlymTech has been in partnership with China Netcom in Zhejiang Province and some smaller service operators since July, 2005. There are now over 5000 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.

About OlymTech Corp.

OlymTech is a leading SaaS/On-demand platform technology and solutions provider based in Silicon Valley, California. Since its inception in 2002, OlymTech has enabled its customers and partners to successfully develop and deploy a number of commercial operations for on-demand business applications, and deliver them as services to their customers. Today, thousands of companies rely on OlymTech's SaaS/On-demand platform technology to conduct their businesses online.