TechWeb

EthosData Appoints Head Of China Office

Oct 23, 2012 (07:10 PM EDT)
URL: http://www.techweb.com/show-press-release/X929645/ethosdata-appoints-head-of-china-office.html

Virtual Dataroom Provider expands presence in Asia with new appointment in China

BEIJING, Oct. 23, 2012 /PRNewswire-iReach/ -- EthosData, a leading global Virtual Data Room provider, announced today that Di Wu has been named to head EthosData's business in China.

(Photo: http://photos.prnewswire.com/prnh/20121023/CG98582)

The appointment is part of the company's aggressive expansion plans in China's high growth market, and underlines their strategy to strengthen their platform and investment in Asia.

Commenting on the announcement, Ethosdata's CEO Francisco Lorca said "We are very excited about this strategic move. China is one of our key growth markets. In the past 24 months our partnership with HeterMedia has been very successful, with our data rooms being used in multiple M&A and IPO transactions in greater China and Asia. Increasing our presence in the market will provide EthosData with a tremendous opportunity to better serve our existing clients.  "

Di Wu will be bringing the expertise she has gained managing multiple complex data rooms for M&A and IPO transaction to the Chinese market: "there is a lot of potential in the market and this is an incredibly exciting opportunity to grow the local business. Our data rooms have been successful not only because they are secure and high service, but because they are fully in Chinese and served locally."

Mr Lorca adds that "We currently work with leading provider of services to the financial and legal sector in Asia. HeterMedia is the first regional financial info-logistics service provider to set up a fully-equipped operational office in Beijing. Having Di join the team in Beijing is significant step towards making China becoming EthosData's most prominent market."

About EthosData

EthosData (www.ethosdata.com) is a leading global provider of Virtual Data Rooms created and served by financial and legal industry professionals.

EthosData is managed and owned by M&A and corporate experts with executive experience at McKinsey & Co., GE Capital, Credit Suisse and First Data. EthosData is part of the Copal Group of companies with over 1,700 professional. Copal´s major shareholder is Moody's (NYSE: MCO). Minority shareholders include: Deutsche Bank, Citigroup, and Bank of America Merrill Lynch.

About HeterMedia

Established in 1992, HeterMedia has developed quickly over the last two decades to become one of the leading info-logistics service providers in region. HeterMedia has been working in partnership with investment banks, financial services institutions, law firms and insurance companies. From creative design to distribution logistics; offering "one-stop" solutions to our clients. In 2009, HeterMedia setup the industry's first operational office in Beijing with an aim to cater to increasing demand from Mainland China.

Media Contact: Di Wu EthosData, +86 (0)10 82486812 -- 8006, di.wu@ethosdata.com

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SOURCE EthosData