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Payments, Banking Technologies, Capital Markets...
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| May 9, 2007 | in: IT Systems |
Longtop International (LTI), part of Longtop Group, has announced the acquisition of Minecode LLC of Seattle. With the addition of over 150 North-American based employees, this merger represents Longtop’s initial acquisition in North America and positions Longtop as a clear leader amongst the China-based IT and software outsourcing firms.
Longtop International is a leader in global software and information technology outsourcing combining a North American front-end and China back-end. Its “smart-sourcing” focus now extends from coast to coast in North America and to their multiple delivery centers in China including Beijing, Shanghai, Chengdu, Guangzhou, and Xiamen.
Minecode provides software development and IT services to North American companies in a dual onshore and offshore mode. Minecode has extensive expertise in the Microsoft technology platform and provides a range of services including application development, QA and testing, knowledge management and data warehousing to its customers across the Pacific North West.
This acquisition compliments Longtop’s existing delivery capability in North America and extends Longtop’s client base through Minecode’s established marquee relationships. A portion of the original MineCode LLC business has also been spun off into a separate new entity—MineCode USA LLC that will be run separately by the Minecode CEO, PK Samal.
Longtop Group, established in 1996, is the leading China-based integrated IT service provider in the Banking and Financial Services vertical. It provides globally sourced software development, QA and testing, enterprise application implementation and maintenance, and system integration services to companies across China and North America. Longtop has offices in the United States, Canada, and China.
On March 2006, Longtop successfully purchased both the Chinese business and personnel of S1 Corporation.