BEIJING, China, April 1, 2008 /Xinhua-PRNewswire/ -- Longtop Financial
Technologies Limited ("Longtop") (NYSE: "LFT"), a leading software
developer and solutions provider targeting the financial services industry
in China, today announced the signing of an agreement with Ping An
Insurance. This is the first agreement between Longtop and Ping An, and
deepens Longtop's penetration and market presence within the insurance
sector.
Longtop will provide ETL-based data integration solutions to Ping An,
marking the second recent significant win for the Company's ETL-based
solutions following the deal announced with China AMC earlier in March.
Lian Weizhou, CEO of Longtop, commented: "The agreement with Ping An
Insurance demonstrates the flexibility of our industry-leading ETL-based
solutions, as within the past month they have been the cornerstone of two
significant partnerships within the insurance and fund management sectors.
We are pleased that Longtop is able to initiate work with another
prestigious company such as Ping An."
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider
targeting the financial services industry in China. Longtop develops and
delivers a comprehensive range of software applications and solutions with
a focus on meeting the rapidly growing IT needs of the financial services
institutions in China. Longtop has five solution delivery centers, three
research centers and thirty nine service centers located in 20 provinces
throughout China. Longtop was founded in 1996 by Jia Xiaogong, our Chairman
and Lian Weizhou, our CEO, as a system integration company focusing on the
financial services industry in China and made the transition to a software
and solutions provider in 2001. For more information, please visit:
http://www.longtop.com .
For more information, please contact:
Longtop Financial Technologies Limited
Huiying Yang
Tel: +86-592-239-6888 x1312
Email: ir@longtop.com
Financial Dynamics
Julian Wilson
Tel: +86-10-8591-1951
Email: julian.wilson@fd.com
Peter Schmidt
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
SOURCE Longtop Financial Technologies Limited
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Related links:
http://www.longtop.com
CONTACT:
Longtop Financial Technologies Limited,
Huiying Yang, +86-592- 239-6888 x1312, or ir@longtop.com; or
Financial Dynamics, Julian Wilson, +86- 10-8591-1951, or
julian.wilson@fd.com; or Peter Schmidt, +86-10-8591-1953, or
peter.schmidt@fd.com, both for LFT
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