Atlanta, GA, June 21, 2007 � SunGard (www.sungard.com) today announced that in the latest edition of the Insurance Software Deal Trends report by research and advisory firm, Celent LLC, SunGard was ranked as a leader in Celent’s “Traction Index.” The Traction Index is a weighted score that measures the volume and type of deals that software companies made during 2005 and 2006.
In conducting research for the report, Celent collected data on 1,405 deals between insurance carriers and software vendors that occurred in 2005 and 2006. Of this total, 45% of the deals involved life/annuity/health insurers, and 55% involved property/casualty insurers. Celent believes that while this data is by no means comprehensive, and while it is subject to many limitations, the data set provides an opportunity to present quantitative analysis about insurance software buying patterns. SunGard, for the second year in a row, was named a leading insurance vendor.
“Leaders in our Traction Index are demonstrating strong momentum among insurers, which gives them the kind of experience that many carriers are looking for,” said Craig Weber, Celent senior analyst and author of the report.
Greg Webber, president of SunGard’s insurance business, said, “We are pleased to have been ranked by Celent in the Traction Index, and view it as strong evidence of SunGard’s commitment to customer success. We work closely with our customers to help them achieve their strategic growth initiatives by providing systems that help to enhance the quality of client service, improve time to market for new product and service offerings and reduce operational costs.
About SunGard’s iWORKS
SunGard’s 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. SunGard 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 exceeding $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.