AMS Discontinues TowerStreet.Business Editors WINDSOR Windsor, British royal family Windsor (wĭn`zər), family name of the royal house of Great Britain. The name Wettin, family name of Albert of Saxe-Coburg-Gotha, consort of Queen Victoria, was changed to Windsor by George V in 1917. , Conn.--(BUSINESS WIRE)--Oct. 30, 2001 AMS AMS - Andrew Message System Services, Inc, a leading provider of insurance software and services, announced the discontinuance Cessation; ending; giving up. The discontinuance of a lawsuit, also known as a dismissal or a non-suit, is the voluntary or involuntary termination of an action. DISCONTINUANCE, pleading. A chasm or interruption in the pleading. 2. of TowerStreet, a hosted point of sale system for insurance processing. Several indicators within the agency and exchange/integrator markets led to the determination that the goals of the product would not be achieved in a reasonable timeframe for AMS customers and investors. "As we have been working through our realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. into market-oriented business units, it has become clearer that in addition to facing challenging economic conditions for the next several months, our customers need new products now," said Euan Menzies Men·zies , Sir Robert Gordon 1894-1978. Australian politician who twice served as prime minister (1939-1941 and 1949-1966). , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the AMS Holding Group. "This has forced us to take a hard look at our investment and delivery efforts, and resulted in the decision to end the TowerStreet initiative." The focus for the AMS rating business and its resources is on the development and delivery of Windows-based desktop rating solutions. "The needs of our customers are paramount and we believe we can best meet their needs by streamlining our initiatives," commented Ed Olsen, senior vice president and general manager of rating products. TowerStreet customers will be contacted and presented options for other rating services, including the Windows-based systems. AMS plans to leverage technology and data services developed during the TowerStreet effort within other products and services across the corporation, as it already has with AfW Online and Sagitta Online. About AMS Services, Inc. AMS Services, Inc. provides software and automation services to insurance agents, brokers, carriers, banks, MGAs, and other distributors of insurance and financial services 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. . AMS is the largest provider of comparative rating systems in the insurance industry. AMS rating products increase the efficiency of insurance processing by streamlining the delivery of insurance information, services, and products to more than 20,000 customers. To learn more about AMS products and services, call 800-444-4813 or visit our web site at www.ams-services.com. |
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