SeeBeyond Showcases Financial Services SOA for Insurance at 2005 ACORD LOMA Insurance Systems Forum; Web Services-based Offering Provides Rapid Construction and Deployment of Next Generation Composite Applications for Insurance Sector.

LAKE BUENA VISTA, Fla. -- SeeBeyond (Nasdaq:SBYN), provider of the world's first fully integrated composite application network suite (SeeBeyond ICAN Suite) for the deployment of advanced integration and composite application solutions, today announced an extension of its Financial Services SOA ("SeeBeyond FS-SOA") service offering previously launched in October 2004. The new SeeBeyond FS-SOA for Insurance enables the rapid construction and deployment of next generation composite applications for insurance organizations, and is being showcased at the 2005 ACORD LOMA Insurance Systems Forum, being held May 22 - 24 in Lake Buena Vista, Florida.

The insurance industry today faces two painful realities: slowing sales growth and the increasing cost of operations. As a result, an unprecedented wave of mergers and acquisitions activity is underway in both the U.S. and Europe. In addition, there is significant pressure in the U.S. to reform the regional regulatory model that is in place to standardize on a rule set that has previously limited insurance firms' ability to offer consistent product to multiple markets, thus increasing the cost of operations. Also, with a common focus on IT cost reduction and the introduction of new legislative requirements, many firms are faced with a backlog in application development.

To address these challenges, insurance organizations should leverage an infrastructure comprised of a set of modular components based on a Web services architecture. These components will typically focus on the layers of a Service-Oriented Architecture (SOA) including application and messaging connectivity, business process encapsulation/orchestration and composite application development and deployment. The SeeBeyond FS-SOA for Insurance service offering includes modules for visioning, definition, framework creation, training and pilot development, and can be used to rapidly develop financial services-specific composite applications, transforming both the time and cost models across an entire development lifecycle.

The offering consists of the following services:

--Next-generation composite application development/deployment,

--ACORD Messaging & Connectivity,

--ACORD B2B Gateway,

--BPM and Operational Dashboards,

--Service-Oriented Access to Legacy Systems,

--Pre-built FS-SOA Web Services Templates.

The benefits of an integrated, service-oriented solution can have a dramatic impact on the Total Cost of Ownership (TCO) for application development. Recent research published by leading European analyst firm, Butler Group, has shown that organizations using the SOA-based SeeBeyond ICAN Suite 5 platform can save customers up to 86% in the time spent building and developing composite applications, leading to an overall 58% savings in overall project cost.(1)

"Implementing an FS-SOA can give insurance organizations true competitive advantage by providing them with an architecture that brings together existing applications and business processes to create value-added composite applications," said Larry Scott, Vice President, Global Financial Services, SeeBeyond. "By leveraging commonalities across existing applications, data and processes can be reused across the organization to significantly increase ROI from existing IT investments, while reducing both time to market and time to value for new product and service offerings."

The SeeBeyond FS-SOA for Insurance offering is based on the SeeBeyond Integrated Composite Application Network Suite (SeeBeyond ICAN Suite), the platform of choice for many leading financial services firms today.

For more information about the 2005 ACORD LOMA Insurance Systems Forum, please visit http://acordlomaforum.org/2005/index.aspx.

About SeeBeyond

With more than 15 years of software innovation and real-world experience in integrating systems across Global 2000 organizations, SeeBeyond (Nasdaq:SBYN) delivers the industry's first integrated composite application network built on a comprehensive integration platform. The SeeBeyond(R) Integrated Composite Application Network Suite(TM) helps organizations rapidly assemble and deploy enterprise-scale end-user applications built on existing systems and infrastructure to dramatically improve business operations. SeeBeyond has more than 2,000 customers worldwide. A sampling of SeeBeyond's clients in the financial services industry include American International Group, Inc. (AIG), AXA Financial, Banca IMI, BNP Paribas, Clearstream, Hypovereinsbank, KBC Securities, Liberty Mutual, Nicholas Applegate Capital Management, Northern Trust, Standard Bank, Samsung Life Insurance, Sentry Insurance, Transamerica Life Insurance Company, UBS Global Asset Management and Zurcher Kantonalbank. For more information, please visit www.seebeyond.com.

SeeBeyond is a registered trademark of SeeBeyond Technology Corporation in the United States and select foreign countries. SeeBeyond Integrated Composite Application Network Suite is a trademark of SeeBeyond Technology Corporation. The absence of a trademark from this list does not constitute a waiver of SeeBeyond Technology Corporation's intellectual property rights concerning that trademark. All other brands or product names are trademarks of their respective owners.

(1) Butler Group White Paper, "Developing Composite Applications; Comparing the Total Cost of Ownership," Tim Jennings, October 2004