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Bank of China awards Surecomp QA contract

Beijing, China – March 16, 2006 – Surecomp, a leading provider of solutions for the financial services community, today announced the signing of a QA services contract with Beijing-headquartered Bank of China Limited.

Established in 1912, China’s #2 bank has built an enviable reputation as a major driving force in promoting China's economic and social progress through its active involvement in the country's international trade and financial activities. This is aptly demonstrated by the Bank of China’s appointment as the official bank of the 2008 Beijing Olympics.

One of the major building blocks in the Bank’s drive to build a market-driven, client-oriented, world-class financial services institution, with a robust corporate governance structure capable of delivering outstanding performance over a long-term, is the establishment of a dedicated Quality Control Center. The first Chinese bank to institute a dedicated Quality Control Center, the department will govern and manage the Bank’s IT solutions and optimize application quality, performance, and availability.

The Bank of China contract secured by the Surecomp Beijing center includes the implementation of automated testing tools developed by Mercury Interactive - the global leader in Business Technology Optimization (BTO) software and services - and a comprehensive range of IT support services.

Expanding on the importance of this contract, Matthew Chen, General Manager, Surecomp China explained “Surecomp’s reputation as a leader in the development of software solutions is unparalleled. We see this hard won contract as the first of many as the other major Chinese banks review their plans for the establishment of dedicated Quality Control Centers.”

“Chinese banks understand that by shifting their focus from managing IT projects to optimizing business outcomes they will lower overall IT costs, reduce risks, and optimize growth opportunities while addressing strategic IT initiatives and optimize enterprise application environments such as J2EE, .NET, and ERP/CRM” concluded Matthew Chen.