January 11, 2002
Colorado Springs, CO
COLORADO SPRINGS, CO (January 11, 2002) - Insurance Technologies, the premier provider of point-of-sale management software for the financial services industry, announced the integration of Computer Sciences Corporation’s (NYSE: CSC) Visual Product Modeling System (VP/MS) calculation engine capabilities. This integration was first demonstrated in late October at CSC’s annual conference for its financial services clients.
Drawing quite an audience, Insurance Technologies showed the integration of VP/MS with its ForeSight™ point-of-sale solution. VP/MS allows carriers to share common calculations between administration and illustration systems, providing an efficient way to use one set of calculations and values for both systems. “VP/MS is revolutionizing business processes for carriers by providing a seamless environment between administration and illustration systems,” said Cliff Chaney, Vice President of Business Development, Insurance Technologies. “Currently we are the only provider to offer such a feature-rich functionality for our illustration products.”
The ForeSight family of products is Insurance Technologies’ multi-channel desktop, Internet, and wireless “point-of-sale management” system that integrates many steps in the sales process, from needs analysis to application generation. For more information about the integration of ForeSight and VP/MS, please visit our website at www.insurancetechnologies.com or call 719-442-6400.
Computer Sciences Corporation, one of the world’s leading consulting and information technology (IT) services firms, helps clients in industry and government achieve strategic and operational results through the use of technology. The company’s success is based on its culture of working collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Having guided clients through every major wave of change in information technology since 1959, CSC combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of global corporations and organizations. With some 68,000 employees in locations worldwide, CSC had revenues of $11.1 billion for the 12 months ended September 28, 2001. It is headquartered in El Segundo, Calif. For more information, visit the company’s Web site at www.csc.com.
About Insurance Technologies (http://www.insurancetechnologies.com)
Based in Colorado Springs, Colorado, Insurance Technologies, the pioneer of enterprise wide point-of-sale management, offers software solutions to the financial services industry that include Life, Annuities, Mutual Funds, Long Term Care and Disability Insurance. Insurance Technologies’ flagship software product suite, ForeSight, is an award winning family of applications that manage point-of-sale activities from a single platform and can be used across multiple distribution channels.