Pervasive Business Integrator Supports ACORD TXLife and MIB WEB DIRECT
AUSTIN, TEXAS – May 23, 2006 – Pervasive Software® Inc. (NASDAQ: PVSW), a global value leader in data infrastructure software, today announced that its Pervasive Business Integrator™ software supports MIB�s new WEB-DIRECT Internet connectivity which utilizes the ACORD TXLife 401 and 402 transaction sets. Canadian-based SSQ Financial will be among the first insurance companies to utilize Pervasive technology to exchange data with MIB.
MIB is in the final phases of migrating all of its customers from legacy connectivity to its proprietary network, to highly secure, Internet-based technologies by December 31, 2006. MIB is a leading provider of information and knowledge services to the North American life, health, disability, critical illness and long term care insurance industry. Its MIB Checking Service™ is used throughout the industry to detect and deter fraud and omissions during the processing of medically underwritten insurance products. Detecting fraud and omissions at policy application time leads to better risk classification and higher overall product line profitability for MIB member companies.
�Our new Web-Enabled Business Solutions provide fast, reliable, and secure delivery of MIB information via the Internet helping our members streamline their underwriting processes for more rapid policy issuance,� says Robert DiAngelo, MIB vice president and chief technology officer. �We are pleased to add Pervasive to the list of companies who have chosen to support MIB�s new ACORD-standardized, XML technologies.�
Pervasive data integration software includes more than 150 connectors for applications and data resources such as MIB�s. SSQ Financial Group, a Canadian mutual diversified financial institution, is in the process of expanding its current use of Pervasive Business Integrator to incorporate the MIB connectivity requirements. �Pervasive Business Integrator has been a part of our file translation toolset for years,� explained Nicolas Jolin, analyst for SSQ. �After considering custom coding and various applications, SSQ determined application development and implementation time will be reduced significantly by leveraging the capabilities of Pervasive Business Integrator to also translate the MIB ACORD XML format. The scalability of Pervasive Business Integrator will help us lower our cost of ownership and improve ROI, and the responsive service we receive from Pervasive continues to support our expanding skill set.�
�The efficiencies of MIB�s WEB-DIRECT can simplify the verification process and save its members time and costs,� said Chip Harmon, general manager of Integration Products for Pervasive. �For members to gain the benefits of the new system, they need a solution to rapidly connect their internal systems with MIB. Pervasive Business Integrator offers a uniquely affordable and easy-to-use answer with the benefits of reuse within their organization for multiple data integration and transformation purposes, generating additional ROI and speeding future deployments.�
Pervasive Software provides embeddable data integration software that speeds the flow of data between applications and between organizations. Combining robust technology and more than 20 years of data integration expertise, Pervasive delivers a multi-purpose integration platform that allows customers to re-use the same software for integration scenarios that span data warehouses, real-time application integration and data exchange with trading partners. With more than 150 data and application connectors within a single product, customers achieve accelerated ROI. In addition, Pervasive’s technology and business model supports low-cost adoption by nonprogrammers for small data volumes all the way up to complex, high volume multi-processor implementations that handle millions of transactions. For more information, visit http://www.pervasive.com/solutions/.
About SSQ Financial Group
With $1 billion in annual revenue, SSQ Financial Group is a leading mutual diversified financial institution. The Group serves over 1 million customers and employs over 1,250 people. SSQ, Life Insurance Company Inc. is the Group�s principal company and a leader in the group insurance industry, offering a wide range of quality insurance as well as investment and retirement products. SSQ is also a rising star in home and auto insurance (SSQ General Insurance Company Inc.) and realty management (SSQ Realty Inc.). For more information, visit http://www.ssq.ca/en/.
MIB Group, Inc., headquartered in Westwood, Massachusetts, is the premier provider of Internetbased information and knowledge services to the risk management market space in North America and a leading facilitator of electronic insurance commerce. MIB customers underwrite over 95 percent of the premium dollars for individual life insurance issued in the United States and Canada. MIB Group Inc. companies include MIB, Inc. and e-Services Corporation. For more information, visit www.mib.com.
About Pervasive Software
Pervasive Software (NASDAQ: PVSW) provides data infrastructure software that helps companies unleash the value of their data investments. For more than two decades, Pervasive has delivered an enduring value proposition and the best combination of performance, reliability, functionality and connectivity. Today, Pervasive is leading its chosen markets by defining and accelerating the inevitable transition from high cost to high value. Pervasive�s value is proven by the size, diversity and loyalty of its customer base, partners and channels. Tens of thousands of customers in virtually every industry, in more than 150 countries, rely on Pervasive to manage, integrate, analyze and secure their critical data. For additional information, go to www.pervasive.com.