BEIJING, Sept. 29, 2019 /PRNewswire/ -- Gridsum Holding
Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider
of cloud-based big-data analytics and artificial intelligence
("AI") solutions in China, today
announced that Mr. Ravi Sarathy,
previously co-chief financial officer of the Company, has been
appointed as the chief financial officer of the Company, effective
September 30, 2019.
Concurrently with this appointment, Mr. Michael Peng Zhang, previously co-chief
financial officer of the Company, has resigned from his position
and will continue to serve the Company as Vice President in charge
of corporate development.
About Gridsum
Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of
cloud-based big-data analytics and AI solutions for multinational
and domestic enterprises and government agencies in China. Gridsum's core technology, the Gridsum
Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, 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. Forward-looking statements involve inherent
risks and uncertainties. Many factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to unexpected difficulties in
pursuit of our goals and strategies, unpredictability of demand for
new solutions Gridsum has developed, difficulties keeping and
strengthening relationships with customers, potential difficult
expanding our customer base or securing new orders from existing
customers, potentially costly research and development activities,
liquidity and the availability of additional capital when needed,
and weaknesses of our internal controls, competition 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 .
Further information regarding these and other risks is included in
Gridsum's annual report on Form 20-F and other reports filed with,
or furnished to, the U.S. Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and Gridsum undertakes no duty to update such
information except as required under applicable law.
Investor Relations
Gridsum
ir@gridsum.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
Email: carnell@christensenir.com
In U.S.
Mr. Tip Fleming
Phone: +1 917 412 3333
Email: tfleming@christensenir.com
View original
content:http://www.prnewswire.com/news-releases/gridsum-announces-management-changes-300927414.html
SOURCE Gridsum Holding Inc.