CITIC Group Teams with VANTIQ to Power the CITIC Cloud

The power of VANTIQ real-time, event-driven applications comes to CITIC companies and clients

SAN FRANCISCO July 23, 2018CITIC Group and VANTIQ today announced details of an agreement for CITIC to integrate the VANTIQ application development platform within the CITIC Cloud, thereby enabling CITIC Cloud users to quickly and easily build real-time and event-driven applications that are ideal for smart manufacturing, smart cities, modern logistics, IoT initiatives, and more.

“CITIC Group is committed to delivering our subsidiary companies and our clients a differentiated cloud with the best possible platform for developing applications that keep pace with today’s real-time business demands,” said Mr. Yang Xiaobin, COO for CITIC Cloud. “We are using the VANTIQ platform at the core of our CITIC Cloud initiative because it is unmatched in its ability to create these applications with rapid value and powerful results.”

“CITIC Group is a great addition to our list of strategic partners and we look forward to working together to serve the robust Chinese market,” said Marty Sprinzen, co-founder and CEO at VANTIQ. “Our combined technology creates a unique offering for companies looking to modernize their business and avoid the risk of losing ground to competitors.”

CITIC Cloud is a revolutionary virtual private cloud solution that goes beyond ordinary offerings to deliver best-in-class high-performance and high-availability with unprecedented value and management ease. With five major resource factors at a company’s instant disposal (virtual memory, storage, CPU, network and a physical port), CITIC Cloud can dynamically boost business efficiency, competitiveness and agility.

About CITIC Group

CITIC Group Corporation (“CITIC Group”) is a Chinese state-owned enterprise under the Ministry of Finance. Its main asset is a 58.13% interest in Hong Kong listed CITIC Limited. Since its establishment in 1979, CITIC Group has been a pioneer of China’s economic reform. It makes investments in areas with long-term potential as well as those aligned with national priorities.

About VANTIQ

VANTIQ – the company that powers real-time business operations – provides the only truly dynamic platform for quickly and easily creating transformative, digital applications to drive your agile business operations in real time. Founded in 2015 by renowned tech industry veterans Marty Sprinzen and Paul Butterworth, VANTIQ enables those involved in mission-critical business operations to benefit from a new breed of digital applications with dramatically reduced time-to-market, significantly lower development and maintenance costs, and maximum agility in response to constantly-changing operational requirements. For more information, visit www.vantiq.com

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