(image: Kobiz Media)
BEIJING, Aug. 30 (Korea Bizwire) — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics, machine learning, and artificial intelligence solutions in China, won the government contract for the Remote Trial Service Information Construction Project of Beijing Intellectual Property Court, according to the official announcement of Beijing Municipal Bureau of Finance about government procurement on August 21, 2017. It is another major achievement for Gridsum’s legal services business after the Intellectual Property Case Study Guidance and Service Platform jointly developed by Beijing Intellectual Property Law Association and Gridsum. It also indicates that Gridsum continues to be a key software solution provider in China’s Smart Court initiative.
The Remote Trial Service forms part of Gridsum’s comprehensive suite of legal solutions targeted at courts, prosecutors, law firms and others within the judicial ecosystem. Gridsum’s broader legal solutions suite continues to see substantial growth, ahead of the company’s expectations.
The Remote Trial Service enables trials that used to happen in court rooms to be handled online, so that parties involved anywhere in the country or across the globe are able to participate in the trial process through the online platform conveniently and securely.
Compared with traditional legal services, the Remote Trial Service system takes full advantage of Internet technologies to file cases online, communicate via camera, and allow parties, including litigants and professional agents, to automate their legal processes such as case filing, payment of litigation fees, testifying and reviewing files online. Court trial sessions can also be conducted through the online platform, so that litigants do not have to be present at every trial session physically. In this way, the Remote Trial System saves and optimizes judicial resources, and improves judicial efficiency.
Gridsum’s Legal Service Division has developed a series of intelligent products for assisting court intelligence. The Company also launched the Intelligent Voice Recognition System jointly developed with Tencent Cloud to help improve the efficiency of the legal system across China. In addition, the Chinese Legal Information Platform (Faxin) established by the Company in collaboration with the PRC Supreme People’s Court Press, and the Intellectual Property Case Study Guidance and Service Platform developed for the Supreme People’s Court’s Intellectual Property Case Study Base in Beijing were also highly recognized by the Supreme People’s Court and other professionals in the realm of law.
Powered by Gridsum’s global “best of breed” distributed big data platform and AI engine performing real-time data analysis, processing massive amounts of structured and unstructured data, Gridsum offers a number of solution suites targeted toward enterprises, legal ecosystem participants, the government and other organizations. These product suites encompass multi-device data analysis, digital marketing, brand management and advanced data visualization with the goal of using advanced big data analytics and AI to enable companies and other organizations to make better decisions, drive their KPI’s and be more efficient.
About Gridsum
Gridsum Holding Inc. is a leading provider of cloud-based big-data analytics, machine learning and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.
For more information, please visit http://www.gridsum.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations from management in this announcement, Gridsum’s financial outlook as well as Gridsum’s strategic and operational plans contain forward-looking statements. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum’s solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.
Source: Gridsum via GLOBE NEWSWIRE
Public Relation Contact:
Mingwei Pu
Tel: +86 (10) 8261 9988 ext. 8132
Email: bumingwei@gridsum.com
