Infosys Ltd : McCamish Systems, an Infosys Company, Announces Strategic Alliance with Resonant Software
06/14/2012| 09:10am US/Eastern
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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."
About Resonant
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
prospects are forward-looking statements, which involve a number of
risks and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding fluctuations in earnings,
fluctuations in foreign exchange rates, our ability to manage growth,
intense competition in IT services including those factors which may
affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns
on fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our ability
to manage our international operations, reduced demand for technology in
our key focus areas, disruptions in telecommunication networks or system
failures, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which Infosys has made strategic
investments, withdrawal or expiration of governmental fiscal incentives,
political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized
use of our intellectual property and general economic conditions
affecting our industry. Additional risks that could affect our future
operating results are more fully described in our United States
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.
Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company's filings with the Securities and Exchange Commission and our
reports to shareholders. The company does not undertake to update any
forward-looking statements that may be made from time to time by or on
behalf of the company.
Infosys BPO Ltd.
Neha Iyer, +91 9686456327
Neha_Iyer@infosys.com
or
McCamish
Systems
Mark DePhillips, +1-770-690-1579
Mark_dephillips@infosys.com
or
Resonant
Software
Pat Byrne, 860-368-8522
Pbyrne@Resonant-Software.com
© Business Wire 2012
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