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Conven turns to IBM for application development platform of choice

According to Factors Chain International's statistics, factoring turnover grew from 31 million euros in 1999 to 1.24 billion euros in 2001. International factoring in Hong Kong grew by 11 per cent over the same period to 2.7 billion euros from 2.4 billion euros.

Riding on the crest of this wave is Conven Corporation Limited, a Hong Kong-based banking and finance software company that specializes in factoring solutions which are based on J2EE architecture using WebSphere Application Server and DB2 Universal database.

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