WEBM Webmediabrands (MM)

Leading Chinese FSI Using webMethods Fabric to Create a Service-Oriented Architecture That Consolidates Real-time Information to Achieve a Single Customer View FAIRFAX, Va. and HONG KONG, Oct. 10 /PRNewswire/ -- webMethods, Inc. (NASDAQ:WEBM), a leading business integration and optimization software company, today announced that Ping An Insurance (Group) Company of China, Ltd ("Ping An"), one of the first integrated financial services institutions in China, has recently expanded its commitment to the webMethods Fabric(TM) product suite. Ping An is using webMethods Fabric to consolidate multiple systems and data stores into a single customer view, ensuring that customer requirements are met with the utmost consistency and productivity across its entire financial services portfolio. By leveraging a service-oriented architecture (SOA) to meet these requirements, Ping An further benefits from greater efficiency and productivity within its IT operations as these needs can be met much faster than previously possible. Established in 1988 with an initial focus on property and casualty insurance, Ping An has transformed itself in the past two years into an integrated financial services group offering a range of diversified financial products. Executing this business transformation while achieving maximum efficiency was dependent on Ping An's ability to streamline its core business processes and automate data exchange between its various business systems. Previously, each Ping An Group company maintained its own customer information and insurance policies. Beginning in 2005, Ping An has worked to systematically streamline these business operations, using webMethods Fabric to integrate key enterprise systems, including its Customer Information File, which synchronizes client profile information between different applications across its various subsidiaries. Ping An's initial selection of webMethods Fabric was based upon its ability to deliver a highly reliable and proven business integration and process management platform within a comprehensive service-oriented architecture. This allowed the company to meet a variety of system integration and process automation requirements with unprecedented speed, flexibility and efficiency as core components could be reused across multiple projects. "What webMethods has delivered to Ping An is the ability to deliver fully integrated and seamless customer service," said Mr. Henry Ma, Chief Architect of Ping An Insurance's Information Management Center. "By deploying webMethods Fabric as our business process platform, we are able to become a one-stop service center for our customers, achieving efficiency across all of our customer transactions." Deployment of an enhanced business integration network is expected to be completed later this year. Taking advantage of the ability within an SOA to create more targeted composite applications that better address specific business requirements, the company also expects to deploy a number of new customer-facing applications during this timeframe. Ping An expects to complete its overall transition to an SOA in the next two years using webMethods Fabric. "We have focused on automating the business processes that have enabled Ping An to better serve their customers while simplifying their administrative processes," said Mr. Raymond Mo, General Manager of webMethods Greater China. "As a leader in service-oriented architecture, webMethods is pleased that leading Chinese companies like Ping An are choosing webMethods as their technology partner." About Ping An Insurance (Group) Company of China, Ltd Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is the first Chinese insurance company that integrates securities, trusts, banking, asset management and annuity services into a close-knit, efficient and diversified financial holding group. The Company was founded in 1988 and is headquartered in Shenzhen. Ping An is listed on the Hong Kong Stock Exchange with the stock name of "Ping An of China" and the stock number of "2318" (http://www.cpaihk.com/english/index.html). About webMethods, Inc. webMethods (NASDAQ:WEBM) provides business integration software to integrate, assemble and optimize available IT assets to drive business process productivity. webMethods delivers an innovative, enterprise-class business integration platform that incorporates proven integration technology with next generation capabilities into one interoperable set of tools that delivers a unique combination of efficiency, agility and control. webMethods combines industry leadership with a zealous commitment to customers to deliver tangible business value to more than 1,400 global customers. webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe, Asia Pacific and Japan. More information about the company can be found at http://www.webmethods.com/. The webMethods name and logo are registered trademarks of, and webMethods Fabric is a trademark of, webMethods, Inc. All other marks mentioned are trademarks or service marks of their respective companies. DATASOURCE: webMethods, Inc. CONTACT: John Conley of webMethods, Inc., +1-703-460-5996, Web site: http://www.webmethods.com/ http://www.cpaihk.com/english/index.html

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