Longtop Group is an important partner to its customers in the Chinese financial services sector. We develop and deliver a comprehensive range of software applications and solutions with a focus on meeting the increasing IT needs of financial services institutions in China.
Longtop Group's market leadership has received wide recognition. The American Banker newspaper and Financial Insights, an IDC company, have named Longtop Group the highest ranked Chinese financial technology provider in the worldwide 2009 Fintech 100 list. Furthermore, independent research firm IDC has named Longtop Group the No. 1 market share leader in China's Banking IT solution market and the No. 2 market share leader in China's Insurance IT solution market in calendar year 2008. These No. 1 and No. 2 rankings are a strong endorsement of our winning track record in delivering high quality IT solutions to our customers, and our success in diversifying our business model as we are the only IT service provider in China that is in the top ten for both banking and insurance verticals.
We believe we are well positioned to serve the evolving needs of our clients and capitalize on the growth opportunities in China s financial services IT market. Our software solutions cover the major categories of information technology requirements for financial institutions in China: Channel-related solutions, business-related solutions, management-related solutions and other value-added solutions. We provide both custom-designed and standardized software solutions that are integrated into our clients'' IT infrastructure. In January 2010, we achieved Capability Maturity Model Integration (CMMI) Level 5 Certification for software development, the highest rating possible under the globally recognized Software Engineering Institute (SEI) standard.
Our clients are primarily the leading banks in China. We have extensive client relationships with three of the four largest state-controlled national banks, or Big Four Banks, namely China Construction Bank, Agricultural Bank of China and Bank of China, and have been selected by Agricultural Bank of China as its preferred strategic IT services partner. In recent years, we have also provided services to most of the 13 national commercial banks, China Postal Savings Bank, leading city commercial banks in China, and two of the largest life insurance companies in China, namely, New China Life Insurance and China Pacific Insurance Group.
Longtop Group was founded in 1996 as a system integration company focusing on the financial services industry in China. It made the transition to a software and solutions provider in 2001.
Headquartered in Shenzhen, Longtop Group today has eight solution delivery centers, three research and development centers, and106 ATM service centers located in 16 out of 31 provinces in China. We have sales offices in Xiamen, Beijing, Shanghai and Shenzhen. As of March 31, 2015, we had 1056 employees in China.