Background
Hengtian,established as a strategic alliance among Insigma Technology, State Street Corp, and Zhejiang University, is dedicated to providing top quality and highly sophisticated technology development and support services to global financial institutions.
Hengtian's unique business model combines the rich management and marketing capabilities of Insigma Technology and State Street Corp. with top ranked Zhejiang University, capitalizing on the experience of its professors and creative minds of its brightest talents to research and develop exceptional technology solutions.
Aiming to be the leading IT service provider for global financial institutions, Hengtian possesses full capabilities in application development, legacy system reengineering, porting & migration, advanced research & development, technical support services, testing & quality assurance and advanced IT consulting services.
Insigma
Insigma Technology (SSE: 600797), a technology company ranked among the top outsourcing companies in China, provides a broad range of technical services to both domestic and international clients. With its core technology and highly efficient technical service and market distribution network, the company’s revenue in FY 2007 reached USD729 million. Insigma Technology has offices in 25 major cities in China and in Tokyo and New York.
- No.1 among China Telecommunication IT System Integration Businesses
- No.2 among Top 25 Chinese Companies in Software Outsourcing Businesses
- No.3 among China Network Integration Services.
- No.4 among China IT Product Distribution
- No.5 among Top 100 Chinese Software Companies
State Street
State Street Corporation (NYSE:STT) is the world’s leading financial servicer for institutional investors. With $15.3 trillion in assets under custody and $2 trillion in assets under management (as of December 31, 2007), State Street operates in 26 countries and more than 100 geographic markets worldwide.
- No.1 investment manager of institutional assets worldwide
- No.2 investment manager of U.S. institutional tax-exempt assets
- No.3 assets under management worldwide
- No.4 provider of U.S. mutual funds, custody and accounting services
- No.5 servicer of U.S. pension plans
Zhejiang University
Zhejiang University was founded in 1897 as one of the earliest tertiary institutions in China and is now considered to be one of the top three universities in the country. Hengtian is closely affiliated with the university’s College of Computer Science and Technology. The college was founded in the early 1960’s and currently has two faculty members of the China Academy of Engineering, two professors of the Cheung Kong Scholar Program set up by the National ministry of Education, 40 professors, and 82 associate professors. It also has 292 doctoral and post-doctoral students, 713 master’s students, and 2000 undergraduates. Currently, the predominant portions of research and development teams in Hengtian are from the university, which serves as the primary talent pool for Hengtian.