BEIJING and SANTA CLARA, Calif. -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software solutions and security products and services in China, today announced that the Company has signed an agreement to acquire Shanghai Changjiang Technology Development Company Limited's (''Changjiang Technology'') telecommunications operation support business group.

"We continue to be impressed by the growing demand for our telecom operation support solutions," said Steve Zhang, AsiaInfo's President and Chief Executive Officer. "This acquisition will further strengthen our position as one of China's leading telecom software solutions providers, specifically increasing our overall share in the China Unicom market."

According to the terms of the agreement, AsiaInfo will acquire certain assets as well as the current contract backlog from Changjiang Technology's telecom operation support business group. AsiaInfo will also gain license rights to certain software held by Changjiang Technology.

As part of the Company's strategic realignment to focus on core business lines -- telecom software solutions and security products and services -- AsiaInfo recently divested certain non-core businesses and enhanced its telecom software offerings through the acquisition of Zheda Lande's telecom operation support business group.

AsiaInfo Holdings Inc. (Nasdaq: ASIA)