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iBusiness Corporation and Excel Technology Form "i21" ASP Joint Venture
HONG KONG - March 22, 2000 --- iBusiness Corporation (iBusiness) and Excel Technology International (Hong Kong) Limited (Excel) today announced the formation of i21 Limited to offer premier Application Service Provider (ASP) solutions to business corporations. iBusiness holds a 62.5% stake in i21 Limited while Excel holds the remaining 37.5%.
i21 Limited aims to provide cost-effective on-line software solutions to businesses across different market segments. It allows business corporations to obtain a wide array of front-office and back-office business software applications cost effectively over the Internet. The quality, reliability and security of these applications have been proven and recognised by existing corporate users, including multinational corporations.
Attending today`s inauguration of i21 were iBusiness` Executive Director and Chief Executive Officer Mr Edmond Ip and Chief Operating and Technology Officer, Dr Timothy Kwok; Excel`s Managing Director, Ms Peggy Chan and Director, Mr Rickie Fung.
Speaking at the inauguration, Mr Edmond Ip of iBusiness said: "ASP is one of the fastest growing businesses as many companies are beginning to outsource their software needs. i21 is committed to provide premier business software over the Internet to meet different business needs of corporations. Our ASP offerings will be a cost-effective and reliable way for companies to enjoy the benefits of hi-tech, professionally structured systems through the convenience of the Internet."
i21 leverages on the strong product development and technological expertise of Excel coupled with the established marketing, trusted branding, customer reach and network base of iBusiness` partners.
Ms Peggy Chan of Excel commented, "Excel is delighted to join forces with iBusiness to introduce the i21 ASP business applications based on our existing proven products and technology. We are confident that the i21 products can offer service quality, reliability and security cost effectively across a broad spectrum of businesses."
i21 will be offering a suite of ASP services including, among others, stock trading, human resources and insurance. The first to be rolled out into the market is iStock21, a one-stop on-line securities trading application catered for the stock brokerage community in Hong Kong. iStock21 is the only ASP enabled service that has been proven and run by sizeable stock brokerage firms (including Core Pacific Yamaichi, East Asia Securities and Mansion House Securities.) Over HK$100 billion worth of stocks have already been traded on this application. Its advanced features, proven reliability and capability to handle large volumes of transactions are now readily available to all stock brokerage firms.
Whether it is through the Internet, mobile phones, IVRS System or at the branch level, iStock21 provides a consistent interface between customers, brokers and banks offering real-time stock monitoring, buy/sell order processing, account checking, and settlement facilities.
Other i21 product offerings include iHR21 and iClaims21. iHR21 aims at automating certain human resources functions, including payroll, income tax calculation as well as future Mandatory Provident Fund (MPF) contributions. iClaims21 is designed to handle policy administration and claims processing for medical insurance companies and policy holders.
quelle http://www.ibusinesscorporation.com./eng/index.htm