SEEC Posts Record Year of Growth.

Company Records over 400% Growth for Business Component Software and Adds Blue-Chip Insurance Carriers to Customer Base

PITTSBURGH -- SEEC, Inc., the leading provider of Business Component Software for the insurance and financial services industries, announced today that it posted record sales growth for its library of over 200 pre-built, standards-based SOA components designed specifically for insurance and financial services providers. Sales growth for Business Component Software in the 2nd half of 2006 was 265% compared to the prior year, accelerating further to over 415% growth in the 4th quarter. In addition, SEEC expanded its enterprise customer base in the insurance industry, including 4 of the Top-100 carriers across the Life/Annuities and Property & Casualty markets, and a further 3 Top-20 carriers that are in pilots or testing.

"We are excited by the customer demand and adoption of SEEC's pre-built Business Components and pleased to report record growth," said Shane Tulloch, President and Chief Executive Officer of SEEC. "Customers are attracted by the ability to dramatically cut the time, risk and cost to deploy a rich powerful user experience for agents, brokers and customer service employees. SEEC's latest catalog containing over 200 pre-built components specifically for Life/Annuities and Property & Casualty carriers sparked significant market interest and enabled us to add a series of blue-chip carriers to our customer roster."

Driving the company's sales and customer growth was the flagship SEEC Advantage Library[TM] of Business Component Software. SEEC's standards-based, reusable software components provide a deep selection of ready-built functionality to create Service-Oriented Business Applications with a rich Web 2.0 user experience. SEEC components form a Business Services layer above legacy applications based on industry-standard semantics, providing a uniform way to access information and perform transactions across otherwise disconnected IT silo's. Unlike traditional applications, SEEC components leverage the legacy data and back-end functionality already in place, enabling customers to re-use proven systems without a high-risk replacement decision, and liberate the business from struggling with silo'ed applications. SEEC components are built to industry-standards (J2EE, ACORD, Web Services), and licensed with the source code, avoiding the risk of proprietary lock-in, forced upgrades and obsolescence. To obtain a copy of the most recent SEEC Business Component Software catalog, contact SEEC at 1.800.682.SEEC (7332) or complete a request at www.seec.com

"SEEC's deep selection of ready-built components put you 70-yards down the field," said Chris Connell, SVP for Sales and Services. "You can choose the exact functionality you need, and then assemble business solutions in a fraction of the time, cost and effort of building everything from scratch."

SEEC's key accomplishments in 2006:

* 415% 4th quarter sales growth and 265% for 2nd half of 2006 compared to prior year

* Significantly expanded the enterprise customer base, including 4 customers in the Top-100 from Life/Annuities and Property/Casualty verticals

* Added a series of new customers in pilot phases, including 3 Top-20 carriers

* Expanded the SEEC Advantage Library of Business Component Software for Insurance to over 200 pre-built SOA components

* Approved as an Advanced SOA Specialty Partner by IBM after completing extensive performance testing at the IBM Innovation Labs in Chicago and Bangalore, and meeting IBM's rigorous SOA technical and business requirements

* Completed integration with FileNet's leading Business Process Management (BPM) platform

* Completed integration with IBM WebSphere Business Services Fabric

* Approved by the ACORD industry standards group and invited to participate in standards-setting forum for the insurance industry

About SEEC

SEEC provides the World's largest library of Business Component Software for the insurance and financial services industries. The SEEC Advantage Library[TM] contains hundreds of pre-built software components that are designed by domain experts, built to industry standards, and licensed with the source code, providing customers with a trusted source of highly reusable, non-proprietary assets purpose-built for insurance and financial services providers. Companies use SEEC business components to rapidly assemble custom web-applications that streamline customer service, accelerate sales, and dramatically improve customer and agent experience across all channels, products and lines of business. SEEC's loosely-coupled component architecture delivers business functionality by integrating and enhancing proven capabilities across existing systems, increasing agility, reuse, and responsiveness to business priorities. By leveraging SEEC's deep selection of ready-built assets, IT organizations gain a significant competitive advantage - a faster, more cost-effective and flexible way to deliver business results than building solutions from scratch.

SEEC's customers include Global 1000 companies from North America, Europe and Asia, in insurance, banking, financial services, healthcare, and a range of other service-driven industries. Industry leaders including New York Life Insurance, Banker's Life & Casualty, North Carolina Farm Bureau Insurance, and Ohio Casualty rely on SEEC to increase productivity, drive innovation and growth, and enhance customer experience. SEEC is headquartered in Pittsburgh, Pennsylvania, and has offices in Hyderabad, India. For more information, visit us at www.seec.com.