Concord Communications, a maker of automated network-management software, will make an aggressive push into the mainland next year with initiatives in the telecommunications, financial services and government sectors.
'We'll first set up an office in Beijing in the second half of next year and then establish another one in Shanghai,' Concord executive vice-president and chief financial officer Melissa Cruz said.
She said Concord had picked the right time to expand into China because the country was expected to drive more demand next year for network fault and performance management software in Asia-Pacific.
'We find China's public and private sectors are eager to raise their competitiveness in light of the country's admission into the [World Trade Organisation], the Beijing Olympics in 1998 and the growth of domestic and international markets,' she said.
Hong Kong, where Concord has its Greater China headquarters, is expected to remain the company's launch pad for new technologies to be included in its flagship product, eHealth.
'Our commitment in this market is for the long haul. We have a clear strategy, US$73 million in cash and no debt,' Ms Cruz said.