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22 March 2000
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| 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%. |
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| 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. |
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| 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. |
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| 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." |
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| 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. |
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| 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." |
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| 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. |
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| 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.
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| 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.
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About iBusiness Corporation
Formed in January 2000, iBusiness Corporation (iBusiness) is
the Internet joint venture of four leading Hong Kong-based multinational
corporations, namely Cheung Kong (Holdings) Ltd., The Hongkong
and Shanghai Banking Corporation Ltd., Hutchison Whampoa Ltd.
and Hang Seng Bank. Capitalizing on the resources, network and
customer base of the shareholders, iBusiness is committed to
become a major player in the Internet arena and a leading facilitator
of e-commerce businesses by offering B2B and B2C on-line solutions
for different market segments. In addition, iBusiness will explore
and develop new business ventures with strategic partners to
provide a wider and fuller range of Internet service offerings
to Hong Kong and Asia. |
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About Excel Technology International
(Hong Kong) Limited
Established in 1988, Excel Technology International (Hong Kong)
Limited (Excel) is a leading e-Solution Provider in the banking,
securities and insurance sectors with over 200 IT professionals.
Its product portfolio comprises several advanced and reliable
Internet based software products, addressing the needs of today's
e-commerce environment. Equipped with sound business knowledge
and excellent technical skills, Excel is positioned to provide
innovative solutions and quality service to help companies gain
a competitive advantage in the present Internet age. |
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| Excel has established a Software
Center with over 100 IT engineers specialising in the development
of Excel's own software products . This Center is a close partner
of major software companies including Lotus, Microsoft, Oracle
and Sybase. Excel's founder Ms Peggy Chan is a respected professional
in the IT field and has received the Certificate of Excellence
in the Young Entrepreneur of the Year Award in 1990. |
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| Cheung Kong (Holdings) Limited,
United Overseas Bank Ltd. (UOB), and UOB Venture and ChinaVest
Limited are strategic investors of Excel. UOB is a universal
banking group founded in 1935 with total assets (as of June
1999) standing at S$52,977 million. It has established itself
over the years as one of Singapore's leading banks. ChinaVest
is a leading US venture capital fund specialising in investment
in technology companies in Greater China and Silicon Valley,
and is managing a fund size of about of US$300million. |
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i21
The Trusted ASP Solution
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| i21 is the premier ASP solution
delivered by i21 Limited, the joint venture of iBusiness Corporation
and Excel Technology International (Hong Kong) Ltd. The company
aims to provide software solutions on the Internet to meet the
system needs of different businesses. The first few ASP solutions
to be rolled out are "iStock21", "iHR21" and "iClaims21". |
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iStock21
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.
It is a comprehensive stock trading solution, based on the InterTrade
software developed by Excel and is designed to help brokers
stay competitive and efficient in the e-business environment
today. It supports online stock trading through multiple channels
such as Internet, mobile phones and WAP devices. Special features
are:-
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Support straight-through-processing
with AMS/3 of Hong Kong Exchange and Clearing Ltd. |
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Established and proven solution already
in use by large brokers |
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Cost-efficient operational solutions
for brokers |
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High reliability setup with full redundancy
and backup facilities |
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Highly secured system with built in
state-of-the-art authentication, encryption and intrusion
detected mechanisms. |
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iHR21
Based on the popular HRMS software developed by Excel, iHR21
aims at providing a comprehensive set of human resources functions
over the Internet. These functions include payroll and MPF contribution
processing, tax calculation, and employee leave tracking. |
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iClaims21
Using the Claim Processing module of Excel's Insurance21 software,
iClaims21 allows medical policy holders to submit their claims
to their insurance companies over the Internet. It will help
insurance companies reduce costs and delays in processing claims,
and maintain high customer loyalty through prompt communication
with the customers. |
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Hotline : 2827-2890
Email : i21@excel.com.hk
or
istock21@excel.com.hk |
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