SEEC Launches Discovery Quick Start; New Service Offering Accelerates Insurance Carriers Towards Better Legacy Understanding and Improved Business Process Efficiency.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--March 2, 2004

SEEC, Inc., a provider of legacy modernization solutions for insurance, financial services and manufacturing, today launched Discovery Quick Start, a short term, low cost service engagement that helps companies quickly document existing legacy systems and identify opportunities to improve key business processes. Using pre-defined industry blue prints the Discovery Quick Start solution details the relationships between current business processes and related IT system touch points enabling insurance carriers to significantly improve call center productivity, allow on-line real-time quoting, and web enable claims submission. In addition the discovery solution documents and inventories legacy systems allowing IT staff to implement strategic projects faster and reduce application costs and maintenance by sun setting, consolidating and re-hosting aging systems.

"Mergers and acquisitions within the insurance industry have left many companies with large portfolios of disconnected, redundant systems that add complexity, costs and precious time to web enablement projects. Thorough discovery to properly document IT assets is the first step in driving down IT costs and the key to harnessing existing applications for re-use in streamlining key business processes," said Judith Hurwitz, President of Hurwitz & Associates. "SEEC's Discovery not only provides a detailed inventory of a company's legacy applications but also lays a strong foundation for movement to a services oriented architecture."

"The pressure within the insurance industry to find new avenues of profitability is intense and this is directly impacting operations and IT. The Discovery Quick Start Solution cuts through a company's morass of legacy systems and identifies immediate cost savings for both business and IT groups, as well as short and long term business process improvement opportunities," said Bill Lipsin, President and CEO of SEEC. "In a very short period of time we can help companies assess the business value, complexity and architectural obsolescence of their application portfolio and help define appropriate strategies for maintaining, transforming or reusing legacy applications to drive real business results."

Discovery Quick Start rapidly inventories and maps current applications to business-critical processes from either the business process or system perspective. Business Process Discovery identifies short- and long-term process improvement opportunities by mapping mission-critical business processes to existing IT assets and systems. System Discovery identifies immediate IT cost saving and system improvement opportunities by documenting enterprise systems and providing interactive analysis of application complexity, redundancy and other variables. Unlike other application portfolio management tools and services or BPM tools and consulting services, SEEC's approach addresses the underlying process bottlenecks created by the inability of current application infrastructure to meet business requirements and deliver results within 60 days.

For more information, visit www.seec.com.

About SEEC, Inc.

SEEC delivers enterprise solutions that enable large, multinational insurance, financial services and manufacturing companies to modernize existing legacy applications and rapidly deliver new business processes across complex IT environments and disparate business networks in the extended enterprise. SEEC solutions reduce the costs and maintenance of legacy systems and allow companies to more efficiently conduct business, increase productivity and profitability, and more quickly evolve and change to create competitive advantage.

SEEC's customers include Fortune 1000 insurance carriers, financial services companies and other leading companies throughout the world. SEEC has offices in Pittsburgh, Redwood City, California, Chicago, New York, London, and Hyderabad, India, plus alliances with leading consulting companies, independent software vendors, and global IT service providers in the Americas, Europe and Asia. More information is available at www.seec.com.

(C)2004, SEEC, Inc. SEEC product names are trademarks of SEEC, Inc. All other products and company names are trademarks of their respective companies.