AdminServer and Universal Conversion Technologies -- UCT -- Announce Strategic Partnership.Business Editors/High-Tech Writers MALVERN, Pa.--(BUSINESS WIRE)--Feb. 18, 2003 New partnership offers AdminServer clients UCT's proven expertise, tools, and methodologies for quality, efficient, and cost-effective data conversions AdminServer, Inc., a premier software solution provider to the annuity and life insurance industry, and Dallas based Universal Conversion Technologies (UCT UCT University of Cape Town UCT Ukhta (Russia) UCT Underwater Construction Team UCT Upper Critical Temperature UCT Order of United Commercial Travelers of America UCT University Center Tower ) today announced a strategic partnership to offer UCT's extensive data conversion expertise and proven tools and methodologies to AdminServer clients. The complementary core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
"We are committed to offering our clients the best in products and services through a combination of AdminServer solutions and expertise and those of our strategic partners. UCT was an easy partner choice for us. Their track record of success and satisfied clients enable us to confidently address our clients' conversion requirements", commented Ric Young, AdminServer's Chief Marketing Officer. Mr. Young continued, "Moving from a legacy environment has never been for the faint of heart, but has become a necessity as insurers move away from legacy mainframes and look to new technologies to provide competitive advantage. UCT makes the conversion from legacy systems a manageable effort and one that won't break either the bank or the IT staff of the insurer." Jerry Kaul, UCT's Sales and Marketing Executive added, "We are pleased to announce our partnership with AdminServer. While they are fairly new to the market, their solution is quickly being adopted by the industry leaders. And, we know from experience that it won't take long for other insurers to begin to follow the early adopters and aggressively move from the limitations of their legacy environments to the unlimited market and product potential offered through AdminServer's policy administration solution. We will be by AdminServer's side to ensure that their clients are provided a smooth and successful conversion to the next-generation insurance solutions delivered by AdminServer." About Universal Conversion Technologies (UCT) Headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , Universal Conversion Technologies has been delivering data conversion software and expertise to the 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. industry since 1992. As the financial services industry's undisputed leader for data conversions, UCT's software and expertise have been selected to convert millions of policy records to multiple target systems on mainframe and PC platforms. These successful data conversions have involved billions of dollars in financial values. UCT's impressive client list includes many of the top financial services companies in the world: AegonUSA, Allianz, Allstate, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , American National, Canada Life, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Fortis, GE Capital, ING, Lutheran Brotherhood, Minnesota Mutual, Nationwide, 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 Life, Pacific Life, Safeco, Security Benefit Group, SOLCORP SOLCORP Insurance Software Solutions Corp. , and many others. To learn more about UCT's data conversion products and services, please call 214-348-2000, e-mail Jerry Kaul (jkaul@uctcorp.com), or visit the website at www.uctcorp.com. About AdminServer, Inc. AdminServer, Inc. is a premier solutions provider for the insurance community. AdminServer has been delivering administrative system solutions, web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , and consulting since 1998. Today AdminServer specializes in fixed and variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , pensions, immediate annuities immediate annuity An annuity that is purchased with a lump sum and that begins making payments one period after the purchase. Immediate annuities are most commonly purchased by people who have accumulated a sum of money and are ready for retirement. and life insurance; and currently offers the only life insurance and administration system designed specifically as a web application employing Microsoft's .NET strategy and technologies. To learn more about AdminServer products and services, please call 610-578-0112, e-mail Ric Young (ricy@AdminServer.com), or visit the website at www.AdminServer.com. |
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