S1 targets China with Longtop partnership

Source: S1 Corporation

S1 Corporation (Nasdaq: SONE), a leading global provider of customer interaction software solutions for financial and payment services, today announced that it has entered into a partnership agreement with Longtop Financial Technologies Limited (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China.

Under the terms of the agreement, Longtop will market, license, customize, implement and support S1 Enterprise's Personal and Business Banking, Sales & Service, Teller and Call Center applications for financial institutions in China. This strategic relationship builds upon a strong foundation of collaboration as S1 and Longtop have previously worked together to deliver S1 Enterprise solutions in Asia, including the deployment of S1 Sales & Service and S1 Call Center at over 14,000 branches with 80,000 agents in 31 provinces for one of the largest banks in China.

Built on an open, flexible and scalable J2EE platform providing banks a single view of customer data, S1 Enterprise solutions are the industry's first truly integrated multi-channel solutions. By enabling multiple channels, including Internet, mobile, branch and call center, to seamlessly share data, business processes, and administration, financial institutions are able to provide more prompt, consistent and effective service for their customers.

"We are very excited to announce that Longtop will be marketing and supporting S1 Enterprise solutions throughout China," said Jan Kruger, President, S1 Enterprise. "China is an important market for S1 as we continue to expand our worldwide presence. Longtop is a proven leader in providing software to the financial services industry in China and is an ideal partner to go to market with. With their demonstrated development and implementation experience with S1 Enterprise solutions, we believe Longtop is extremely well positioned to rapidly deploy localized S1 Enterprise solutions into the Chinese market."

"This agreement further reinforces our partnership with S1 and our commitment to the Chinese market," said Weizhou Lian, Chief Executive Officer of Longtop. "Leveraging S1's industry leading multi-channel solutions, we can enable financial institutions to easily integrate multiple applications in a single, open environment, thereby further reducing their total cost of ownership."

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