Infosys Ltd : McCamish Systems, an Infosys Company, Announces Strategic Alliance with Resonant Software
06/14/2012| 09:10am US/Eastern
McCamish Systems, LLC, an Infosys company, specializing in insurance and
retirement business process solutions, today announced a strategic
business alliance with Resonant Software, a company with an underwriting
and new business solution for the life insurance industry.
This partnering of two best-of-breed companies will offer enhanced
capabilities to the life insurance BPO and SaaS market spaces. VPAS®
Life, McCamish's robust life and annuity policy administration platform
used in both BPO and SaaS service models, combines with Resonant
Software's state of the art Integrated Life Underwriting Suite (ILUS) to
bring a significant value proposition, providing superior efficiency and
flexibility for life insurance carriers.
Targeting both the simplified issue and fully underwritten markets, the
McCamish - Resonant partnership provides a fully integrated solution,
from the receipt of the application through policy administration in a
BPO or SaaS model.
"For our clients and prospects who are writing new business, our
alliance with Resonant provides a significant extension of our service
solution," said Gordon Beckham, President and CEO of McCamish, an
Infosys company. "As we sought a best-of-breed partner in this space, we
conducted a thorough market study and were convinced that Resonant's
product offered us the robust capabilities, configurability and
flexibility that would allow us to best serve our clients."
"We are very excited about our partnership with Infosys," says William
Frank, Chief Executive Officer of Resonant. "Combining our unique
underwriting solution with the Infosys world class policy administration
system will give life insurance carriers a new option as they look to
expanding their product portfolios. The ease and speed of deployment as
well as the flexibility of the solution will bring significant
advantages to our clients."
Resonant's Integrated Life Underwriting Suite (ILUS) is software
developed by underwriters for underwriters. Resonant's groundbreaking,
adaptive process significantly reduces the cost and time of deployment,
and improves cycle time, productivity and regulatory compliance.
Resonant seamlessly integrates all the tools required to manage fully
underwritten or simplified issue and straight through process
applications, with unprecedented control and visibility.
About McCamish Systems and Infosys BPO
McCamish Systems, located in Atlanta, Georgia, is the Life Insurance and
Retirement Services subsidiary of Infosys BPO Ltd. (www.infosysbpo.com),
the Business Process Outsourcing subsidiary of Infosys Limited, which
was set up in April 2002. Infosys BPO focuses on integrated end-to-end
outsourcing and delivers transformational benefits to its clients
through reduced costs, ongoing productivity improvements, and process
reengineering. Infosys BPO operates in India, the Czech Republic,
Poland, Mexico, Brazil, USA, China, the Philippines and Australia, and
as on March 31, 2012, employed 21,421 people. It closed FY 2011-12 with
revenues of $494.5 million.
About Infosys Ltd.
Many of the world's most successful organizations rely on the 150,000
people of Infosys to deliver measurable business value. Infosys provides
business consulting, technology, engineering and outsourcing services to
help clients in over 30 countries build tomorrow's enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
Infosys Safe Harbor
Certain statements in this release concerning our future growth
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Securities and Exchange Commission filings including our Annual Report
on Form 20-F for the fiscal year ended March 31, 2012 and on Form 6-K
for the quarters ended June 30, 2011, September 30, 2011 and December
31, 2011. These filings are available at www.sec.gov.
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Infosys BPO Ltd.
Neha Iyer, +91 9686456327
Mark DePhillips, +1-770-690-1579
Pat Byrne, 860-368-8522
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