The Global Association for Contact Center Best Practices & Networking

BEIJING, Aug. 24, 2010 -- Yucheng Technology Limited (Yucheng) (NYSE: YTEC), an IT service provider to the Chinese banking industry, today announced that industry analyst firm IDC has named it one of the top Banking IT solution providers in China in calendar year 2009, with market share increasing to 4.3% from 4.2% in 2008.

Within the banking sector:
-- Yucheng maintained #1 ranking for Channel related solutions with a
market share of 5.1% in 2009. Within Channel related solutions, Yucheng
remained #1 for Call Center (CC) solutions with a market share of 9.6%;
and remained #1 for E-Banking solutions with market share increasing to
30% in 2009 from 28.5% in 2008.
-- In Business related solutions, Yucheng's market share increases to 2.3%
in 2009 from 1.5% in 2008. Within Business related solutions, Yucheng
achieved a market share of 3.1% in 2009 from 2.2% in 2008 in
intermediary business.
-- Yucheng achieved 3 with Management related solutions with market share
increasing to 7.4% in 2009 from 7.1% in 2008. Yucheng achieved #2
ranking for Business Intelligence (BI) solutions with market share
increasing to 12.3% in 2009 from 7.3% in 2008 and a market share of
7.8% in 2009 from 6.4% in 2008 in CRM.
-- Yucheng has been placed in IDC leadership grid for three consecutive
years.

"We are pleased with these leadership rankings that indicate our company continues to prosper in this highly competitive industry through our constant focus on providing high quality products and services. Yucheng achieved a high percentage revenue increases in many of banking IT solutions sectors even in this economic downturns. We maintained top one ranking in several Channel related solution sectors and gained market shares in Business and Management related solutions in 2009 compared with the previous year," said Weidong Hong, Chief Executive Officer of Yucheng. "We will strive to maintain the growth momentum going forward."

Posted by Veronica Silva Cusi, news correspondent
Source: http://www.prnewswire.com

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