Schooner Project Kicked off

Hengtian signed Master Service Agreement (MSA) with Schooner Information Technology Inc, Jan. 17, 2008, and Hengtian formally announced the kickoff of Schooner project, Feb.18, 2008. This project cooperation between Hengtian and Schooner is to develop and test new Schooner platform based on Schooner’s technology and to jointly explore breakaway financial platform and solutions. A group of Hengtian technology staff responsible for Schooner project has also been assigned.

Schooner Information Technology, as an early stage, well-funded startup in stealth mode, is led by successful industry veterans who are working on a disruptive technology to help financial sector and Internet consumer-facing companies achieve high performance and scalability at a fraction of their current costs.