Capgemini and eBaoTech Form Strategic Alliance in Financial Services; Alliance expands client services in insurance sector through global product delivery.

ZURICH, SHANGHAI and PARIS -- eBaoTech, a leading provider of new generation software and services for life and general insurance industries, and Capgemini Financial Services USA, Inc, a global business unit of Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, today announced an expanded alliance to drive transformation projects for Capgemini's financial services clients. The alliance focuses on an implementation and service agreement on eBaoTech product sales, installation and customer services that demonstrate global delivery capabilities.

Capgemini and eBaoTech will now offer insurance solutions from consulting, through deployment and ongoing services, fostering the business agility necessary to meet ongoing change requirements. The 2 companies have worked together for the past three years in financial services, insurance and other industries mainly in the Asia Pacific region.

As part of the alliance, Capgemini will collaborate with eBaoTech to explore business opportunities in both emerging and developed markets, focusing initially on Europe and Asia, and then will deliver implementation services and application maintenance from Capgemini's technology center in Kunshan, China. Capgemini has been trained on eBaoTech's core platforms to provide implementation services to clients globally.

'The eBaoTech relationship is a great extension of our current global insurance solution footprint and will help us to deliver more innovative solutions to match our clients transformation needs,' said Erik de Haas, vice president of Capgemini's global financial services business unit and industry packages practice leader.

'We will continue delivering our joint solution portfolio in Asia and looking forward to support our clients globally.'

'Both eBaoTech and Capgemini have a similar mission to enhance and transform clients through technologies,' said Woody Mo, CEO of eBaoTech.

'We are excited to combine Capgemini's consulting and service capabilities with our deep industry knowledge to help clients achieve operational efficiency, improved delivery and sustainable business growth.'

About eBaoTech

eBaoTech delivers standard-based, highly configurable insurance software suites to both property and casualty (P&C) and life insurers. Its future-proof product offerings enable insurers to realize the cost-effective, scalable, flexible and highly automated insurance operations in the ever changing environment. With offices in nearly ten countries across Europe, Asia and the Americas, and over 60 core system installations in more than 20 countries, eBaoTech has an extensive global coverage to serve leading insurance companies. For more information, visit www.eBaoTech.com.

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