Prumerica Systems Ireland Establishes Internship With Letterkenny Institute of Technology.

Business Editors

LETTERKENNY, Ireland--(BUSINESS WIRE)--Sept. 15, 2000

Prumerica Systems Ireland Limited, the newly created off-shore programming and technology development subsidiary of The Prudential Insurance Company of America, announced today that it is establishing an intern position to be filled annually by a fourth-year student of Letterkenny Institute of Technology.

"Technology is a critical enabler of business in today's global economy. And it's changing at an ever-increasing rate," said Barbara Koster, chief information officer for Prudential's insurance business unit at a news conference and plaque unveiling officially opening Prumerica Systems Ireland.

"Consequently, it's also more and more important that we have well-trained professionals who can help companies keep pace with the information technology they need for successful business operations and to provide the highest quality customer service. We look to the Letterkenny Institute of Technology to help provide us with this caliber technologist," Koster added.

She said that to help build a strong, mutual relationship with Letterkenny Institute, Prumerica Systems Ireland has created an internship position that will be filled each year by a degree-year Letterkenny Institute student. "The intern will join Prumerica and get real business experience that will help advance his or her studies," said Koster.

The student selected to fill the internship position for the first time is Noelle McDaid, who was chosen from a group of students who have achieved a merit grade in their Diploma in Computing. Her studies include a concentration on JAVA and a strong interest in software development.

Paul Carmody, managing director and head of Prumerica Systems Ireland, said, "We were very impressed by Noelle's credentials. She has demonstrated considerable initiative and dedication to her studies and we believe she will have a great deal to offer Prumerica. Conversely, we believe the work she contributes to her team will be beneficial to her as she complete her course work for her B.Sc. degree in Computing."

McDaid will work up to ten hours a week with Prumerica on a project team that uses the same JAVA client server skills that she has developed over the last few years. "I am really looking forward to working with Prumerica Systems Ireland. My job with Prumerica Systems will be of great help to me as I finalize my studies," said McDaid.

Prumerica Systems Ireland is a wholly-owned subsidiary of The Prudential Insurance Company of America. It provides a full range of application programming, systems development, and technology support services that Prudential's Individual Financial Services unit needs to sell, administer, and service its individual life and property and casualty insurance products in the U.S. In addition, Prumerica Systems Ireland helps Prudential achieve more efficient processing by working to integrate existing and emerging technologies.

The Prudential Insurance Company of America, with more than $366 billion in assets under management as of December 31, 1999, is one of the largest life insurance companies in the United States and is among the largest financial institutions in the world. Prudential serves more than 17 million individual and institutional customers in over 30 countries, offering a variety of products and services, including life insurance, automobile and homeowner insurance, securities brokerage and financial planning, mutual funds and annuities, asset management, retirement services, retail banking, real estate and relocation services. Prudential is headquartered in Newark, New Jersey. Visit the Prudential Web site at www.prudential.com.