Accenture Completes Acquisition of NaviSys, a Leading North American Life Insurance Software and Services Provider.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Accenture has completed its previously announced acquisition of NaviSys, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that specializes in software solutions for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. life insurance industry. "Accenture's acquisition of NaviSys comes at an opportune time for the industry, as carriers struggle to meet market demands and reduce operating costs operating costs npl → gastos mpl operacionales in the face of outdated legacy systems," said Matt Josefowicz, head of the insurance practice at Celent, an industry research firm that recently published a study on consolidation in the insurance software industry. "We see this acquisition - and the broader consolidation taking place across the vendor landscape, as a positive development for both insurers and vendors, as both sides will benefit from deeper resources to support innovative solutions." The acquisition gives Accenture an industry-leading life insurance platform with a full spectrum of processing capabilities, from front-office sales to back-office policy administration. Accenture will maintain and invest in NaviSys' existing products and services and leverage NaviSys software to develop new business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services for life insurers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . NaviSys works with more than 50 leading insurance companies and insurance distributors worldwide, including 17 of the top 20 U.S. life insurers. "Accenture's financial and R&D resources and its Global Delivery Network will promote continued growth and innovation of NaviSys' industry-leading software," said David Hollander For the actor see David Hollander (actor) David Hollander (b. 16 May, 1968) is an American TV writer and producer from Pittsburgh, Pennsylvania, and is most notably known as the creator, screenwriter, and an executive producer of The Guardian, a Pittsburgh-based , senior executive in Accenture's Insurance practice. "In parallel, we will work with our clients to create new business processing services, based on NaviSys technology and Accenture's global sourcing assets, to help life insurers reduce operating costs on closed books of business and on open books." "Together, Accenture and NaviSys are mapping a path to the highest levels of efficiency, quality and productivity for our clients," said Michael A. Roe chief executive officer of NaviSys. "This combination of industry expertise, proven and scalable technologies, and relentless focus on business outcomes marks a new era of core processing excellence and cost reduction for North American life insurers." NaviSys is part of Accenture's 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. operating group, which serves 44 of the top 50 insurance companies worldwide. BPO services will be delivered by Accenture Insurance Services, a unit specializing in insurance BPO. About Accenture Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 133,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended Aug. 31, 2005. Its home page is www.accenture.com. |
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