ACE INA Purchases YouDecide.com from ProAct Technologies; Internet Portal Provides Financial Services to More than 4 Million Customers.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Oct. 31, 2001 ACE INA Ina (ē`nä), city (1990 pop. 60,062), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural and industrial center with a famous agricultural school. Holdings, Inc., a subsidiary of ACE Limited, announced the acquisition of YouDecide.com, Inc. from ProAct Technologies Corp., a leading provider of applications for managing employee benefits programs. YouDecide.com offers a voluntary benefits platform that provides customers' employees a broad choice of financial products and services including insurance, finance and investment products. The site was launched to corporate customers in 1998, and was opened to retail consumers in October 1999. Currently over 400 corporate customers have made the site available to 4 million of their employees. Retail consumers enjoy access to a similar site. Over 50 providers participate by offering products and services online. Customers can request real-time quotes from multiple providers, assisted by real-time customer support operating 8:00 a.m. - 7:00 p.m. Eastern Time weekdays. In the near future, one of YouDecide.com's subsidiaries will support the binding of policies. "ACE INA Holdings Inc. acquired You.Decide.com to enhance our existing relationships with corporate customers," said Caroline Vanderlip, executive vice president, Customer Relations, ACE INA Consumer Solutions Group. "In addition, the site will help expand our distribution of specialty products, including recreational marine insurance, extended warranty The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. coverage and disaster mortgage insurance, as well as other products as they become available. We also welcome the talented and professional employees of YouDecide.com to the ACE family. Their unique expertise will be instrumental to our success." "The sale of YouDecide.com fits well with the strategies of both of our organizations," said Cathi Raffaeli, chief executive officer of ProAct Technologies Corp. "As our business model has evolved we have become much more focused on application software for managing and delivering employee benefits programs. Ongoing development of the YouDecide.com platform is no longer central to this strategy. At the same time, YouDecide.com will continue to be a best-of-breed offering within the benefits applications we recommend to our growing customer base of Fortune 1000 companies." To learn more about YouDecide.com please call Caroline Vanderlip at 212/408-6016. ProAct Technologies Corp. is a leading provider of applications for managing and delivering employee benefits programs for health and wealth. Using ProAct software, costly and inefficient processes for benefits communications, enrollment and administration can be fully automated, resulting in greater productivity across the organization. ProAct applications work hand-in-glove with major ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist systems and can be easily integrated into any portal architecture. ProAct solutions have become an integral part of employee relationship management initiatives at leading companies in every industry, such as Eli Lilly Eli Lilly can refer to:
(company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , The Limited, and Thomson. Additional information can be found at www.proacttechnologies.com. ACE INA Holdings Inc., whose ultimate parent is ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE), provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. products and services through operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. for a diverse group of clients around the world. Additional information can be found at www.ace-ina.com. |
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