Longtop Wins European Customer A Substantial Step Forward for Globalization Strategy

Longtop announced that it has recently reached a Framework Agreement on cooperation with a leading Chemical Distribution Group (“the Group”). Longtop will provide SAP consultancy and implementation services to the Group, which has around 200 distribution centers based in the U.S.A,Canada, Europe, Australia, China and 18 other countries in Asia,.

With the signing of the Agreement at the customer’s European Business Center in Paris, France, Longtop has won its first customer in Europe, marking a solid step forward for its globalization strategy.

“Globalization has long been an essential component of Longtop’s overall development strategy. Prior to this Agreement, we have already acquired a considerable number of important customers in North America and South East Asia, most of them large enterprises from the world’s Fortune 500 list.. European customers will be highly valued by Longtop as they will help us become a truly global company,” said Ms. Judy Yan, Vice President of Longtop.

Longtop’s Outsourcing Services business unit was earlier established to serve the Company’s global services strategy based on its specialized services business in the financial industry. In 2007, InformationWeek listed Longtop’s outsourcing services as one of the “Global Services 100” companies. In 2007 and 2008 consecutively, neoIT and Global Services selected Longtop as one of the “Global Services Top 100”. After several years of growth, Longtop’s Outsourcing Services has taken shape with a well trained international team capable of delivering general as well as specialized IT services under multiple business models. Currently, Longtop Outsourcing Services teams are located in North America, South East Asia and China.

About Longtop
Longtop, one of the leading integrated financial software and IT service providers in P.R.China. Currently, Longtop has 6 delivery centers, 3 R&D centers and more than 70 service outlets in the U.S.A., Canada, Singapore, Hongkong and Mainland China. In 2007 and 2008 consecutively, Longtop waslisted as one of the “Global Services Top 100”. Recently, Longtop has been named the highest ranked Chinese company in the Global FinTech 100 published by the American Banker newspaper and Financial Insights, an IDC company. Independent research firm IDC has also 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 year 2008.