Longtop Wins Contract with a Leading Insurance Company in China to Develop Supply Chain Management System
14 Sep 2009
PR Newswire Asia
HONG KONG, Sept. 14 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has signed a contract with a leading property insurance company in China to develop a customized Supply Chain Management (SCM) system.
Developed on Longtop's proprietary IntelliFlow and IntelliWeb platforms, the system aims to streamline the insurance company's purchasing processes and improve the overall efficiency of its procurement department. In the first phase of the project, key functions covered by the system include procurement planning, supplier management, asset tracking, and procurement data management.
"We are excited about winning this contract and the strong momentum we have gained in this sector," commented Weizhou Lian, Chief Executive Officer of Longtop. "Moving forward, with the recent acquisition of Sysnet we are even better positioned to capitalize on the growth opportunities in this market as insurance companies increasingly invest in upgrading their IT infrastructure."
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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 six solution delivery centers, three research and development centers and seventy-five ATM service centers located in 27 provinces throughout China. For more information, please visit: http://www.longtop.com .
For more information, please contact:
For Investors: Longtop Financial Technologies Limited Charles Zhang, CFA Email: ir@longtop.com Phone: +86-10-8421-7758
For Media: IR Inside BV Caroline Straathof Email: caroline.straathof@irinside.com Phone: +31-6-5462-4301
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