Cova Goes Into Production Using Beacon.EDISON, N.J.--(BUSINESS WIRE)--Nov. 13, 1997--Beacon Software announced Thursday that Cova 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. Life Insurance Company, Oakbrook Terrace, Ill., is using Beacon's LifeCAD/MP system in a production environment. Cova is running the three-tier client/server A three-way interaction in a client/server environment, in which the user interface is stored in the client, the bulk of the business application logic is stored in one or more servers, and the data are stored in a database server. See client/server. application in a Sun/Sybase environment to support the policy administration of its deferred variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. product lines. "We're very pleased to have completed this implementation," said Mark Reynolds, executive vice president, Finance, at Cova. "We've converted our block of deferred variable annuity business to a client/server system which will dramatically improve our future product flexibility and service." "Cova has been and will continue to be an important customer for Beacon," said Michael Roe, president and chief executive officer at Beacon. "With its progressive business vision - in terms of products, services and distribution channels - Cova is exactly the type of company that can take full advantage of what LifeCAD/MP has to offer." Beacon, headquartered in Edison, was founded in 1991 and has 17 installed sites in the United States. The company's primary product is LifeCAD/MP, which implements a client/server architecture within the Windows and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). operating environments and supports both Sybase and Oracle as relational database management systems See DBMS for a shorter list of “typical”, representative database management systems. Open-source software
Cova, a subsidiary of General American Mutual Life Insurance Company, St. Louis, offers a highly competitive portfolio of asset accumulation and retirement planning products, sold through stock brokers, financial planners, insurance agents, and financial institutions. CONTACT: Beacon Software Mark Cummings, CLU (language) CLU - (CLUster) An object-oriented programming language developed at MIT by Liskov et al in 1974-1975. CLU is an object-oriented language of the Pascal family designed to support data abstraction, similar to Alphard. , 908/549-3663 mcummings@beaconsoftware.com or The Garfield Group Donna Csolak, 609/396-0946, ext. 21 dcsolak@garfieldgroup.com |
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