Dextrys Helps eBaoTech Capitalize on U.S. Market Opportunity, Assists Insurance Companies Seeking Gateway to China WAKEFIELD, Mass., Sept. 2
WAKEFIELD, Mass., Sept. 2 /PRNewswire/ -- Dextrys, a premier U.S.-based
China outsourcing firm delivering Product Engineering and Application
Services, today announced that it has entered into a development,
implementation and marketing partnership with eBaoTech, a leading China-based
provider of next-generation, core insurance software and services for the
global life and general insurance industry. Through the partnership, Dextrys
is facilitating China market entry for the rapidly increasing number of U.S.
insurance companies looking to enter China.
Under the terms of the agreement, Dextrys will explore joint market
opportunities for the two companies as well as support the implementation and
delivery of eBaoTech's insurance policy administration systems to U.S.
insurance companies.
Dextrys is also operating an eBaoTech offshore development center (ODC) in
China in support of eBaoTech's in-house product engineering resources. The ODC
provides engineering and support services for eBaoTech and for eBaoTech's U.S.
customers. Tight collaboration between both organizations results in Dextrys'
engineering team acting as a seamless extension of eBaoTech's in-house
engineering organization.
"eBaoTech is delighted to partner with Dextrys, a firm that is opening up
a new marketplace for us due to its long history of working with U.S.
insurance companies," said Woody Mo, CEO of eBaoTech. "Dextrys' knowledge of
both U.S. and Chinese business practices and corporate environments makes it
the perfect partner for us as we try to reach a new audience of insurance
providers eager to expand into China."
The partnership with eBaoTech allows Dextrys to provide incremental value
to its customers. As U.S. insurance companies seek to extend their businesses
into China, many view IT outsourcing as a stepping-stone toward establishing
operations in the region. Via its implementation and marketing agreement with
eBaoTech, Dextrys is further demonstrating that it is "Making China Easy(TM)"
for leading U.S. and international firms.
"Given today's highly competitive, globally focused insurance market,
providers are seeking new avenues for success and untapped, overseas
opportunities play a major part in that strategy," said Brian Keane, CEO of
Dextrys. "For insurance companies, Dextrys' affiliation with eBaoTech can
speed, streamline and ease the process of expanding operations into China -- a
region that represents tremendous growth potential."
About Dextrys
Dextrys is a US-based China outsourcing firm delivering Product
Engineering and Application Services. Dextrys combines 20 years of US
technology project management and consulting experience with a world-class
engineering presence in China. Dextrys clients operating in business markets
such as financial services, high tech and healthcare gain local
accountability, rich domain experience and high-quality outsourced development
capabilities at substantial cost savings. With more than 1,000 employees
across Boston, New York, Los Angeles, San Francisco, Atlanta, Shanghai, Hong
Kong, and Suzhou, China, Dextrys is "making China easy." For more
information, visit http://www.dextrys.com.
About eBaoTech
eBaoTech is a leading provider of new generation core insurance software
with a range of insurance policy administration and front end solutions.
eBaoTech customers include leading insurance companies in Asia, Europe, and
North America and eBaoTech products are supporting operations of our customers
in more than a dozen countries or regions, both for green field start up and
legacy system replacement. eBaoTech combines progressive management thinking,
deep insurance knowledge, and advanced information technology for our
customers. eBaoTech is headquartered in Shanghai, China, and has branch
offices in Beijing, Kuala Lumpur, Mumbai, Singapore, Tokyo, and a European
Head Office at eBaoTech Europe in Zurich. For more information, visit
http://www.ebaotech.com
SOURCE Dextrys
