On October 20, 2023, the cybersecurity listed company AsiaInfo Security (688225.SH) issued an "Announcement of AsiaInfo Security Technology Co., Ltd. on the Acquisition of Assets." After this transaction is completed, the company will hold 75.96% of the equity of Fuyun Information(aka SafeDog), and Fuyun Information will become a subsidiary of the company.
AsiaInfo Security plans to use its own funds of 109,428,100 yuan to participate in the public listing of 27.46% equity of Xiamen Fuyun Information Technology Co., Ltd. (referred to as "Fuyun Information") held by Meiya Baco. The company plans to use its own funds of 90,977,550 yuan to acquire 22.83% of Fuyun Information held by Guangzhou Junyang Tongtai Technology Co., Ltd. It also plans to use its own funds of 34,510,100 yuan to acquire 8.66% of Fuyun Information held by Fujian Modern Service Industry Development Investment Partnership Enterprise. Furthermore, it plans to use its own funds of 29,728,100 yuan to acquire 7.46% of Fuyun Information held by Huasoft Innovation and Entrepreneurship Investment Wuxi Partnership Enterprise. Lastly, it plans to use its own funds of 38,056,750 yuan to acquire 9.55% of Fuyun Information held by Xiamen Rui Xiang Information Consulting Partnership Enterprise.
In this acquisition, AsiaInfo Security and Fuyun Information will deeply integrate their cloud security product technology capabilities, creating a powerful boost for cloud host security and accelerating innovative development in cloud-native security, ultimately establishing a comprehensive cloud security system. This comprehensive upgrade in technology and capabilities will make AsiaInfo Security the most comprehensive network security company in the domestic cloud security sector.
AsiaInfo Security's Chairman, He Zheng, stated, "The acquisition of Fuyun Information's business is a key step in upgrading AsiaInfo Security's core cloud security technology and increasing its market value, based on our insights into industry development. After the acquisition, we will further enhance our overall competitiveness in the security field, expand our user base, and increase AsiaInfo Security's market share and influence in the field of cloud security. The deep integration of both parties will inject innovative energy into the development of the domestic cloud security sector, providing a solid security foundation for the cloud and intelligent transformation of various industries and empowering innovative demands for industry digital upgrading."
Founder and CEO of SafeDog, Chen Fen, expressed, "Joining AsiaInfo Security and becoming a subsidiary under AsiaInfo Security's control is the most important strategic decision the company has made since its inception. Both parties exhibit strong complementarity in terms of cloud security products, technology, and market positioning, which forms the core foundation for our coming together. With AsiaInfo Security's open and inclusive DNA and a group of visionary managers, SafeDog's ten years of work in building cloud security products will find a broader scope for their capabilities."