July 20, 2000
Immediate
Release
Sun And Excel Establish iForce Partner Ready Center For
The banking And Securities Industries
New center to help dot-com Hong Kong's financial
sector
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As part
of its iForce initiative in Hong Kong Sun Microsystems is partnering with
Excel Technology (HKSE 8048) to set up an iForce Partner Ready Center focusing
on Java-based solutions for the banking and securities industries. The new
iForce Partner Ready Center, due to open early August 2000 will
help finance sector companies rapidly formulate online business strategies,
analyze technical requirements, develop proof-of-concept and implement pilot
programs.
The iForce initiative puts Sun's dot-com products,
services, solutions and programmes - along with those of its partners - under a
single umbrella. The result is a very broad selection of technology and
expertise linked through a well-defined methodology for creating and
implementing an electronic business in any market segment.
"Excel has carved out a strong reputation for
delivering innovative e-business systems for its banking and securities
customers and is already active as a Solution Member in the Hong Kong iForce
Community," said Danny Tam, Hong Kong general manager of Sun Microsystems.
"It therefore makes a lot of sense to take our relationship to the next
level by jointly establishing an iForce Partner Ready Centre as a focus of
excellence in dot-coming Hong Kong's financial sector."
Sun plans to provide more than HK$650,000 worth of
systems, software, training and support to help get the new iForce Partner
Ready Center up and running. Excel will host the center in Hong Kong and will
be responsible for its day-to-day management.
"We
are very much committed to Java, and we already have two major finance applications
developed using the Java platform: InterTrade, an online stock brokerage system;
and iBank, our internet banking application," said Peggy Chan, chairman
and chief executive officer of Excel Technology International Holdings Limited.
"We
are now planning to adopt Java as the standard development platform for all of
our new banking applications so that we can help our banking and finance
clients to stay close to advanced technologies."
Excel Technology (Hong Kong Stock Exchange 8048) is a
leading information technology (IT) and e-solution provider in Hong Kong with
special focus on banking and finance applications. The company is engaged in
banking and finance enterprise software,
IT consulting, turnkey system development, systems integration and ASP
operations. It has a strong team
of over 200 professionals and offers a wide range of e-solutions to banks,
finance companies, stockbrokers, and insurance companies. Excel Technology is
also operating in China and Singapore. Further information about Excel can be
found on the World Wide Web at http://www.excel.com.hk.
Since its inception in 1982, a singular vision - The
Network Is The Computer - has propelled Sun Microsystems Inc (Nasdaq: SUNW),
to its position as a leading provider of industrial-strength hardware, software
and services that power the Internet and allow companies worldwide to "dot-com"
their businesses. With US$14.2 billion in annual revenues, Sun can be found
in more than 170 countries and on the World Wide Web at http://www.sun.com.
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