Camelot Information (NYSE: CIS) to Expand Mobile Enterprise Applications Market with Huawei Device Co.

Atlanta, GA 4/24/12 (StreetBeat) -- Camelot Information Systems Inc. (NYSE: CIS), a leading domestic provider of enterprise application services and financial industry information technology services in China, today announced that the Company has entered into a strategic cooperative agreement (the "Agreement") with Huawei Device Co., Ltd. ("Huawei Device") to develop enterprise application solutions for Huawei's mobile business users. The Agreement was signed on April 18, 2012 and has a three-year term.

According to the Agreement, Camelot and Huawei Device will jointly form special project teams to develop mobile enterprise application solutions for Huawei Device's mobile equipment and closely work together to expand the domestic enterprise mobile-solution market. The scope of the strategic cooperation pertains to both companies' activities in hardware and software development for general enterprise solutions, as well as the mobile enablement of industry-specific solutions for the consumer-product, manufacturing, and finance industries.

Mr. Yiming (Simon) Ma, Camelot's Chairman and Chief Executive Officer commented, "We are honored to join this partnership with Huawei Device for joint enterprise mobile application development. As a leading business process application service provider in China, we are confident that the strategic alliance with Huawei Device will substantially benefit both companies and shape Camelot as the future leader in providing integrated mobile/cloud solutions to large-scale enterprises and small/medium-sized business (SMB) customers in China."

Mr. Jilin Li, President and CTO of Product and Device Development at Huawei Device, stated, "We believe the formation of the partnership with Camelot represents a significant milestone for Huawei Device. We look forward to closely working with Camelot to strengthen our leadership position in the domestic handheld device market, especially for business applications."

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly