cbdcab99.castek.com/pressroom/bio_yungwu.asp -
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Published on: 11/8/2002
Last Visited: 11/8/2002
Castek was founded in October 1990 by Dragan Kopunovic and Yung Wu.
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As early as 1996, Yung Wu was featured in the Financial Post's Top 40 Under 40, a prestigious listing of individuals in Canadian business who had made significant achievements in their field.In 1997, Canada's national newspaper, the Globe and Mail, predicted that Castek would be one of the top eight high tech companies to look out for in 1998.Castek fulfilled this prediction, continuing its high profile success story.In 1998, it was recognized as one of the Fastest Growing Companies in Canada by Profit Magazine as well as one of the Top 50 Canadian Professional Services Companies by the Branham Group.It also garnered the CIPS Award for Information Technology Innovation.In December of 1999, Castek was honoured with the distinction of being one of the 50 Best Managed Private Companies in Canada by Arthur Andersen and the National Post.And, on February 24, 2000 Castek was ranked as #29 in the 100 Top Independent Canadian Software Companies by the Branham Group.
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Yung Wu Chief Executive Officer:
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Yung C. WuChief Executive Officer
Mr. Wu is Chief Executive Officer, and founding partner of Castek Software Factory Inc..Mr. Wu is a graduate of the University of Toronto and has broad business experience and an in-depth knowledge of information technology obtained over 20 years in various systems, business, and executive roles with both public and private sector organizations.
Mr. Wu was a driving force behind the creation of Castek and is currently responsible for the strategic direction of the company.Much of Castek's growth since its inception in 1990 can be attributed to Mr. Wu's efforts.Since its inception, Castek has grown at a compound rate of more than 70% per year on an organic basis and pioneered the concepts, standards and processes behind Component Based Development (CBD) -- largely regarded as one of the most important trends to hit the software development industry in the last several years.
In 1999, Mr. Wu led Castek through a transformation from a services business model to an enterprise software product business model, culminating in the launch of its flagship product (Insure3 Policy) in October, 2000.After closing $73 million in sales orders in its first year of commercialization, during the worst period in history for technology companies and the supporting capital markets, Castek's Insure3 product was recognized as the Top Product Launch of the year in the nation.Castek's next goal is to lead the global property and casualty insurance enterprise software market, by leveraging its product leadership position into market share leadership, over the next several years.
Mr. Wu was selected as one of the ‘Top 40 under 40' in 1996, in which the top 40 executives under age 40 were recognized for exceptional achievements in vision, leadership, innovation, impact on business and community, and the capacity to encourage and foster growth.Mr. Wu is frequently a guest speaker at information technology and software development conferences.
Mr. Wu is a member of MENSA and other organizations such as the Institute of Certified Management Consultants (ICMCO) and the Young Presidents Organizations (YPO).His other interests include Japanese martial arts, dragon boat racing, skiing, motorbiking, opera, and theatre.
Features Knowledge Base
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Yung Wu Chief Executive Officer:
Peter V. Jones President and COO:
Fay Wu CFO & EVP, Corporate:
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Yung Wu
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