AUSTIN, Texas, Feb. 12, 2018 — Catapult Systems, a well-known US-based cloud solutions provider, and Chinasoft International Ltd (HK:0354), Catapult’s parent company and one of the largest IT services firms in China, today announced their global expansion with the formation of Catapult Worldwide, a new division in Chinasoft’s cloud business unit. The firm is responding to the rise in demand for expertise in architecting, implementing and managing cloud-based solutions on a global scale. The company is also announcing the appointment of veteran CFO, Frank Waung, as the first Chief Financial Officer for this entity.
In hyper-growth mode, the cloud business unit has operations in Xi’an, Beijing, and Shanghai, China, as well as Malaysia, India, Europe and the United States. Catapult Worldwide is in the process of opening an office in Mexico City as the headquarters of its new Latin American operations.
“I’m excited to announce that Frank Waung has joined Catapult Worldwide as CFO. His experience with establishing and expanding multi-national organizations will be invaluable as we begin this new chapter,” said David Fuess, Catapult Worldwide CEO. Most recently, Mr. Waung was the CFO of Chinasoft International.
“Many of our customers are multi-national organizations undergoing fundamental business transformation with cloud-based technologies such as IOT and big data. Our expertise with digital transformation, along with our unique cloud-based solutions, has created a unique opportunity for Catapult to expand our services globally,” said Fuess. “Wherever we are in the world, we will continue to live by our brand promise for our customers: We always deliver, we’re easy to work with, and we bring the whole team, focusing our collective experience on every project.”