Atlanta, GA – SunGard (http://www.sungard.com) today announced that it has been named as a leading insurance vendor, according to Celent�s �Traction Index�, in the analyst�s most recent Insurance Software Deal Trends 2004-2005 survey. Celent�s �Traction Index� represents participating vendors� level of success in the insurance sector, based on the number of deals undertaken and the types of customers represented by these deals.
SunGard was also named a leading vendor in two categories within the Life & Health segment: Business Process Management Business Rules Engines and Policy Administration. Within the P/C segment, SunGard was named a leading vendor in the Infrastructure category.
Craig Weber, author of the Celent reports, commented: These results are consistent with Celent�s experience of vendors active in the insurance sector. SunGard�s high deal count, including a large number of new customer wins, is what resulted in its high placement in the Traction Index.�
Greg Webber, president of SunGard�s iWORKS business, added: �We are very pleased to have been ranked so highly by Celent and view it as a strong indicator of the success SunGard has been seeing in the insurance sector. We believe our commitment to growth and to serving our existing customers puts us in a strong position in this space.�
SunGard iWORKS is a business-driven IT product family for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWORKS offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs.
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world�s 50 largest financial services companies. Visit SunGard at www.sungard.com.