Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
eBaoTech Closes $36 Million Growth Equity Investment to Accelerate Global Expansion

eBaoTech, a leading provider of software solutions to the global insurance industry, today announced that it had closed a $36 million growth equity investment led by US-based FTV Capital, a growth equity firm that invests in innovative, high growth companies. Cathay Capital Private Equity, a cross-border provider of growth capital to Europe- and China-based companies, co-invested in the financing.

eBaoTech delivers standards-based insurance software solutions to both property and casualty (P&C) and life insurers. Its end-to-end suite of product offerings—including sales and distribution, policy administration, claims management and reinsurance modules—is highly flexible and configurable, enabling insurers to speedily launch new insurance products and sales channels and run highly automated operations. With over 100 deployments for leading insurers in more than 20 countries, the company has an exceptional track record of delivering successful results across its global footprint. Many leading blue chip multinational and regional carriers have adopted eBaoTech’s state-of-the-art platform to drive their business growth and reduce operational expenses.

“Carriers are actively seeking to modernize core systems to counteract the rising total cost of ownership of inflexible legacy platforms,” said Christopher Tan, FTV principal and new eBaoTech board member. “Growth opportunities are also being driven by higher demand for insurance products in emerging markets and increased distribution through Internet and mobile channels. eBaoTech has repeatedly proven to be the solution of choice for blue chip insurers seeking to expand to new markets or through new distribution platforms, as well to replace antiquated systems.”

“We welcome the opportunity to partner with FTV Capital and Cathay Capital, and are highly enthusiastic about this strong endorsement of eBaoTech from two successful international growth equity investors,” said Woody Mo, president and CEO of eBaoTech. “Both FTV and Cathay have extensive domain expertise and strong industry networks, especially in the US and Europe. We have built a solid leading position in emerging market countries and are making strong inroads into developed markets. Partnering with FTV Capital and Cathay Capital will help us accelerate growth in both emerging and developed markets, as we continue to enhance our technology platform, expand partnerships and selectively evaluate acquisitions.”

“We are highly impressed with the seasoned leadership team at eBaoTech, and we look forward to partnering with the company as it continues to successfully meet the needs of insurance carriers worldwide,” said Mingpo Cai, president of Cathay Capital and new eBaoTech board member.

About eBaoTech

eBaoTech delivers standards-based, highly configurable insurance software solutions to both property and casualty (P&C) and life insurers. Its software products enable insurers to realize cost-effective, scalable, flexible and highly automated insurance operations in an ever-changing environment. With offices in eleven countries across Europe, Asia Pacific and the Americas, and deployments in more than 20 countries, eBaoTech has extensive global presence to serve leading insurance companies. For more information, visit www.ebaotech.com.

About FTV Capital

FTV Capital is a growth equity firm with over $1 billion under management that invests in high-growth companies offering a range of innovative solutions in four sectors: business services, financial services, payments/transaction processing and technology. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for more than a decade. Founded in 1998, FTV Capital has invested in 76 portfolio companies across three funds, and has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.

About Cathay Capital Private Equity

Cathay Capital Private Equity, founded by Mingpo Cai and Edouard Moinet in 2006, is the first French-Chinese private equity firm focused on Europe-China growth capital approved by the AMF, the French Securities Association. Limited partners of Cathay Capital I & II include European and Chinese institutional investors and private individuals. Cathay Capital aims to support international growth and be a long term partner for mid-sized Western companies faced with a booming Asian economy, as well for an increasing number of Chinese companies seeking worldwide reach.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is a...
The cloud provides an easy onramp to building and deploying Big Data solutions. Transitioning from initial deployment to large-scale, highly performant operations may not be as easy. In his session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, will discu...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT or...
Cisco on Wedesday announced its intent to acquire privately held Metacloud. Based in Pasadena, Calif., Metacloud deploys and operates private clouds for global organizations with a unique OpenStack-as-a-Service model that delivers and remotely operates production-ready private cl...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve c...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

AURORA, Ontario, September 17, 2014 /PRNewswire/ --