For Immediate Release
Castek Announces Agreement with Global InfoTech to
provide resale and implementation services for Insure3 suite of products in
The People's Republic of China.
Beijing & Toronto (8 June 2004) - Castek Inc. is pleased to announce
a business partnership with Global InfoTech Co. Ltd. to provide localization and
implementation services for the Insure3 Suite of P&C insurance business
applications in China.
"Castek is delighted to partner with Global InfoTech, China's leading
systems integrator.", says Pete Jones, Castek's President and COO.
"The Chinese P&C insurance sector is growing rapidly and enjoying a high degree of
business and competitive innovation. We delighted that our R&D work with Global InfoTech
and selected Chinese insurance carriers has demonstrated the ability of
Insure3 to support the Chinese language and insurance business requirements."
"GIT is glad to build a partnership with Castek, who provide an advanced insurance
solution with advanced architecture, open standards and rich functionality.",
says Wei Yang, GIT' vice president.
"Based on the leading P&C insurance solution, Insure3 from Castek,
and the strong implementation and service ability of GIT, our partnership will serve
rapidly growing insurance market in China."
The business partnership between the two companies demonstrates Castek's new implementation
services approach. Castek will focus on the further development of its award-winning Insure3
Suite and for implementation services will team with partners who have proven success in the
implementation of large-scale insurance software solutions. For more information on the
availability of Castek products in China, please contact Mr. Xu Weiqiang or Mr. Qu Dong at
Global InfoTech, tel (+86)10 8527 1589.
About Global InfoTech
GIT, founded in 1997, is an IT services and software company, exclusively focused on
China's banking and insurance industry. GIT has headquarters in Beijing and 5 branches
in Shanghai, Nanjing, Wuhan, Chengdu and Shenzhen and four software development centers in
Beijing, Shanghai, Chengdu and Shenzhen, GIT works with financial institutions in all parts of
China. Consistently profitable, GIT received venture financing from international financial
institutions in 2003. The investors are the International Finance Corporation (IFC), the
investment banking arm of the World Bank, OCBC, Wearnes, Walden, one of Singapore's leading
venture capital firms and DEG, the German development bank.
For more information, please visit www.git.com.cn.
About Castek
Castek Inc. (Toronto, ON.) specializes in strategic business software for
P&C insurance. Recognized for the advanced architecture and flexibility of its
products, Castek provides carriers with a suite of core business processing
systems for insurance product and process configuration, policy processing,
customer billing and claims management.
For more information, please visit www.castek.com or call
(+1)416-777-2550.
Contact
Ritchie Leslie
Yang Wei
Vice President
Vice General Manager
Castek Inc.
Global InfoTech Co. Ltd.
(+1)416 777 0293
(+86)10 8527 1589
rleslie@castek.com
yangwei@git.com.cn