Primeton Obtains RMB 100 Mln Funding
Sina Tech, 10/28/09
SOA component developer Primeton has announced that it has received RMB 80 mln in funding from Chinese venture capital firm Sinovo, and another RMB 20 mln from the Tianjin Heguang Equity Fund. The percentage of Primeton's equity this investment represents was not released. Primeton CEO Shen Huizhong said that the company would use the RMB 100 mln in capital to integrate personnel and software resources for infrastructure software development.
Primeton is an SOA middleware infrastructure software developer, and was established in 2001. Its primary products are EOS, an SOA application platform, and BPS, an SOA workflow platform. Its primary customers are in the telecommunications and financial industries. Its chairman, Liu Yadong, is the founder of Chinese telecom software solutions and IT security products provider AsiaInfo (Nasdaq: ASIA), and has served as its executive vice president and COO. Its CEO, Shen Huizhong, served as BEA System's global vice president and China region general manager, as well as Horizon Software's chairman and CEO. Its CTO, Huang Liuqing, was AsiaInfo's CTO.
Keywords: Primeton Sinovo Tianjin Heguang Equity Fund Shen Huizhong Liu Yadong Huang Liuqing middleware funding software VC
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