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 Big Four bank in China to expand and optimize its Data Warehousing system.
Longtop was first selected by the Big Four bank's headquarters to implement its data warehousing system in 2006. In this phase-3 project, Longtop will further expand the system's capacity; extend and optimize the underlying data model; and develop more topic-oriented data stores on top of the data warehouse.
"We are pleased to have extended this project into the third phase for our Big Four bank customer. Our efforts over the years in building trust with our customers based on top-notch quality, reliability and services are clearly paying off through long-term projects that generate recurring revenue for our company," said Weizhou Lian, CEO of Longtop.