For the past few years, we have seen a growing number of our customers buying our products for large data center deployments. This trend well aligns with the prediction by Gartner, a well respected market research company for the IT industry, that worldwide IT spendings on data center will reach $144 billion worldwide in year 2015. As a result, we decided to launch a few key strategic initiatives to serve data center customers while strengthening our existing custom cable services.
In phase 1 of our plan today, Pactech is proud to announce the introduction of our new logo, the launch of our new website, and the opening of our new headquarters, to reflect our new initiatives.