IRVINE, Calif., Aug. 22, 2005 (PRIMEZONE) -- Vision Solutions, the industry standard in eServer High Availability and Vanda Group, the premier IT solutions provider in Asia, today announced the launch of a new high availability (HA) banking solution bundle tailored specifically to small- and mid-tier banks in China running on either IBM iSeries or pSeries. This bundle, VisionBanking Core HA, consists of Vision Solutions' high availability solution, ORION(tm) and Vanda's banking application. VisionBanking Core is a proven, complete banking solution that puts in place the systems and resources that enable banks to compete more effectively in China and throughout the world.
VisionBanking Core is the prime product of Vanda's flagship proprietary banking solution, VisionBanking Suite, which carries a full spectrum of functions to facilitate and power modern banking requirements. It offers a flexible, comprehensive and customer-focused secure solution with front- and back-office environments tailored to the needs of individual banks. It adopts an advanced C-S-S three-tiered architecture that is open and easy to integrate with new banking businesses and channels. It also embodies design concepts for integrated accounting and a consolidated teller system that reflect the needs of today's local banks. Furthermore, the application also supports all banking operations in the formulation of consolidated general ledgers, generating comprehensive management information and reporting systems for internal use.
"As Chinese banks emerge in worldwide markets, they need to modernize business processes and infrastructure to strive against competition from foreign banks, and high availability is of paramount importance to this," said Stephen Massey, executive vice president of worldwide sales for Vision Solutions. "VisionBanking Core HA provides these banks with the tools they need to provide optimum operational performance, making their data and systems highly available and centralizing their software support with a solid, bundled solution from a world-class vendor and backed with unparalleled local support."
"Both City Commercial Banks and Provincial Credit Cooperative Banks (RCCB) have extensive sales networks all over mainland China. For instance, Fujian RCCB alone has more than 370,000 personal savings accounts. There is currently tremendous movement within the Chinese banking industry and banks are both consolidating and experiencing growing demand on data and information management. As such, high availability is a crucial component of any banking solution as banking customers must be able to access up-to-the-minute account information at all times," said Ernest Choy, senior vice president of Greater China Region, Vanda Group. "Vision Solutions is our preferred choice for the high availability component of VisionBanking, as they are not only an industry leader, but the premier innovators of high availability and they offer unparalleled support. This bundle solution will strategically bring in win-win benefits to our customers, Vision Solutions and Vanda."
VisionBanking Core is a proven banking solution and has already been chosen and successfully deployed by more than 100 Chinese banks and has gained extensive customer recognition. Banks running VisionBanking Core include many branches of the China Construction Bank (Jilin, Ningbo, Tianjin, Shenyang, Dalian and Harbin branches.), Rural Credit Cooperative Union (Tianjin, Fujian, Zhejiang, Jiansu, etc.), City United Commercial Banks (Wuhan, Kunming, Wulumuqi, Hefei and Da Tong)
About Vision Solutions
Vision Solutions, headquartered in Irvine, Calif., is the industry standard in eServer High Availability providing software, services and support solutions for managing a company's mission-critical applications and data. With more than 2,000 customers and 12,000 licenses around the world, the company works closely with a worldwide network of channel partners supporting virtually every industry with its world-class solutions: Visualize(tm), Vision Suite(r), ORION(tm), ORION Integrator, OS Director and OS Data Manager. Vision Solutions is an IBM Premier Business Partner and an IBM High Availability Business Partner. Vision Solutions is a member of the publicly traded IDION group of companies (JSE:IDI). For more information on Vision Solutions, please visit the company's Web site at www.visionsolutions.com.
About Vanda Group
Founded in 1982, Vanda Group is a premier IT solutions provider in Asia, specializing in systems infrastructure and application solutions services. It provides extensive geographical coverage with operations spanning mainland China, Hong Kong and Macau to countries in Southeast Asia, including Singapore and Malaysia.
Vanda Group is a market leader in China, particularly in the provision of systems integration and software applications services in the banking and finance sector. Vanda Group has also established an extensive network of more than 300 reseller partners across Southeast Asia.
Vanda Group is a member of Hutchison Telecommunications International Limited ("Hutchison Telecom"). Hutchison Telecom is a listed company whose American depositary shares are quoted on the New York Stock Exchange under the ticker "HTX" and shares are listed on the Hong Kong Stock Exchange under the stock code "2332". Hutchison Telecom is a subsidiary of Hutchison Whampoa Group ("HWL"). (HWL is part of the Li Ka-shing group of companies.) For more information about Vanda Group, please visit www.vandagroup.com.