SEEC NAMED IBM 2008 BEACON AWARD FINALIST FOR SOA

    /24-7PressRelease/ - PITTSBURGH, PA, April 10, 2008 - SEEC, Inc., the leading provider of Business Component Software for the insurance, healthcare and financial services industries, today announced that it has been named by IBM (NYSE:IBM) as a Finalist for the prestigious and much sought-after 2008 Beacon Award for Outstanding WebSphere Service-Oriented Architecture (SOA) Solution. SEEC was selected by a panel of industry experts, analysts and IBM executives from over 725 companies nominated worldwide, and recognized for outstanding delivery of value to clients and for its innovative approach to solving business issues.

"The IBM Beacon Awards recognize the best solutions and services that Business Partners deliver across our business and around the world," said Ravi Marwaha, general manager, IBM Global Business Partners. "Through their dedication to innovation, business value and customer satisfaction, these Business Partners combine their deep technology and industry expertise with IBM technology to deliver exceptional solutions that solve real business problems."

SEEC was nominated for its SOA solution at a Top-10 US Annuities and Financial Services Provider. The solution provides a common set of Services to enable financial advisors to seamlessly access a complete set of information about customers, contracts, producers, licensing and eligibility across the enterprise. The solution involved deployment and integration of 11 SOA components to an Enterprise Integration Bus (EIB) and multiple IBM DB2 databases, and was completed in a record-setting 13 weeks, saving the customer significant time and money. In addition to dramatically improving sales and service capabilities for front-line financial advisors, these common Services are now available to be consumed by a myriad of upcoming projects, offering re-use and ongoing value to the customer.

According to SEEC's customer: "Speed to market through interoperability of existing IT assets across multiple channels and constituencies is critical to us achieving our goals. The SEEC Advantage Library of pre-built, pre-tested, open-architecture and domain-specific SOA components is helping us fulfill that vision through accelerated SOA. SEEC's responsiveness, solution fit, and customer focus have all been great."

"We are honored to have received this recognition for such a highly competitive international award and we are proud that SEEC's innovative approach to SOA solutions is achieving such high customer satisfaction and rapid adoption among the world's largest financial services providers", said Shane Tulloch, President and CEO of SEEC. "We are also delighted with our partnership with IBM. IBM innovation and deep technical capabilities within WebSphere enable SEEC to deliver innovative SOA solutions for customers. Flexibility and speed-to-market are critical elements for delivering meaningful business results for customers, and IBM helps us achieve just that."

In the global insurance and financial services industry, SEEC now serves:
• 4 of the top 10 life and annuities companies in the US
• 2 of the top 10 property and casualty insurance companies in the US
• 1 of the top 5 health and life insurance companies in India

The Company's flagship library of standards-based, reusable software components (the SEEC Advantage Library ) provides a deep selection of ready-built functionality that can be rapidly assembled and customized to deliver SOA solutions with a rich Web 2.0 user experience. SEEC components form a shared-Services layer above legacy applications based on industry-standard semantics, providing a uniform way to access information and perform transactions across otherwise disconnected IT silo's. Unlike traditional applications, SEEC components leverage the legacy data and back-end functionality already in place, enabling customers to re-use proven systems without a high-risk replacement decision, and liberate the business from struggling with silo'ed applications. SEEC components are built to industry-standards (J2EE, ACORD, Web Services), and licensed with the source code, avoiding the risk of proprietary lock-in, forced upgrades and obsolescence. To obtain a copy of the most recent SEEC Business Component Software catalog, contact SEEC at 1.800.682.SEEC (7332) or complete a request at www.seec.com.

About SEEC, Inc.

SEEC helps the world's leading insurance, healthcare and financial services firms to deliver a seamless customer experience across all products, channels and lines of business. Within the SEEC Advantage Library , we have designed, built and tested hundreds of non-proprietary, SOA software components that can be quickly assembled to deliver business solutions that streamline service, accelerate sales, and improve productivity across the enterprise. Unlike traditional applications, SEEC solutions leverage data and systems already in place, liberating the business from struggling with silo'ed applications and avoiding the risk of rebuilding or replacing proven assets. And because SEEC components are designed for SOA, they can be reused across channels and product lines, increasing agility and lowering IT costs. With SEEC, IT organizations gain a significant competitive advantage - faster, more flexible solutions at lower cost than building from scratch.

Industry leaders such as New York Life, ICICI Prudential, Mutual of Omaha, and Bankers' Life & Casualty, rely on SEEC to increase productivity, drive innovation and growth, and enhance customer experience. SEEC is headquartered in Pittsburgh, Pennsylvania, and has offices in Hyderabad, India. Visit us at www.seec.com.

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