Longtop Inc.(NYSE:LFT)，the first Chinese software company listed on the New York Stock Exchange, is a leading software development and solutions provider targeting the rapidly growing financial services industry in China.
Longtop is an important partner to its customers in the Chinese financial services sector. We develop and deliver a comprehensive range of software applications and solutions with a focus on meeting the increasing IT needs of financial services institutions in China.
Longtop's market leadership has received wide recognition. The American Banker newspaper and Financial Insights, an IDC company, have named Longtop the highest ranked Chinese financial technology provider in the worldwide 2009 and 2010 Fintech 100 lists. Furthermore, independent research firm IDC has named Longtop the No.1 market share leader in China's Banking IT solution market and the No.2 market share leader in China's Insurance IT solution market in calendar years 2008 and 2009. These No. 1 and No. 2 rankings are a strong endorsement of our winning track record in delivering high quality IT solutions to our customers, and our success in diversifying our business model as we are the only IT service provider in China that is in the top ten for both banking and insurance verticals.
We believe we are well positioned to serve the evolving needs of our clients and capitalize on the growth opportunities in China's financial services IT market. Our software solutions cover the major categories of information technology requirements for financial institutions in China: channel-related solutions, business-related solutions, management-related solutions and other value-added solutions. We provide both custom-designed and standardized software solutions that are integrated into our clients'' IT infrastructure. In January 2010, we achieved Capability Maturity Model Integration (CMMI) Level 5 Certification for software development, the highest rating possible under the globally recognized Software Engineering Institute (SEI) standard.
Our clients are primarily the leading banks in China. We have extensive client relationships with three of the four largest state-controlled national banks, or Big Four Banks, namely China Construction Bank, Agricultural Bank of China and Bank of China, and have been selected by Agricultural Bank of China as its preferred strategic IT services partner. In recent years, we have also provided services to most of the 13 national commercial banks, China Postal Savings Bank, leading city commercial banks in China, and two of the largest life insurance companies in China, namely, New China Life Insurance and China Pacific Insurance Group.
Longtop was founded in 1996 by Xiaogong Jia, Chairman, and Weizhou Lian, CEO, as a system integration company focusing on the financial services industry in China. It made the transition to a software and solutions provider in 2001.
Headquartered in Beijing, Longtop today has six solution delivery centers, three research and development centers, and 84 ATM service centers located in 27 out of 31 provinces in China. We have sales offices in Xiamen, Beijing, Shanghai and Guangzhou. As of March 31, 2010, we had 4,258 employees in China. Longtop is listed on the New York Stock Exchange under the "LFT" ticker symbol, and is included in the Russell Global Index.
Cooperation: Customers' trust in our business is an engine for growth
Customers' trust is the engine of our growth. Our customer base consists of domestic and international financial institutions as well as large-scale enterprises and government organizations in China. Through more than a decade of dedicated effort, we have established close relationships with customers such as national banks, policy banks, joint-stock banks, city commercial banks, insurance companies, large-scale enterprises and North American financial institutions.
National Banks/Policy Banks
－China Construction Bank (CCB)
－Bank of China (BOC)
－Agricultural Bank of China (ABC)
－China Development Bank
－Export-Import Bank of China
－Agricultural Development Bank of China
Joint-stock Banks and Small and Medium Banks
－China Everbright Bank
－China Minsheng Bank
－Guangdong Development Bank
－China Merchants Bank
－China Zheshang Bank
－Hua Xia Bank
－Shenzhen Development Bank
－Shanghai Pudong Development Bank
－Bank of Communications
－Postal Savings Bank of China
－China Pacific Insurance
－China Life Insurance
－People's Insurance Company of China
－Taikang Life Insurance
－New China Life Insurance
－Ping An Insurance
－Great Wall Life Insurance
－Pacific-Antai Life Insurance
－Huatai Property Insurance
－Anbang Property Insurance
－China National Tobacco Corporation
－China Petroleum & Chemical Corporation
－State Grid Corporation of China
－China National Offshore Oil Corporation
－Huawei Technologies Co.
－Hongda Electric Group
－Putnam Technical Group
－Xchange business solutions