SEEC DOUBLES ITS AWARD WINNING CATALOG OF SOA SOFTWARE COMPONENTS WITH EXPANDED NEW RELEASE FOR FINANCIAL SERVICES

    /24-7PressRelease/ - PITTSBURGH, PA, April 20, 2008 - SEEC, Inc., the leading provider of Business Component Software for the insurance, healthcare and financial services industries, today announced its latest release of the SEEC Advantage Library of SOA business software components. SEEC received a prestigious IBM 2008 Beacon Award for outstanding delivery of innovative solutions to customers using the SEEC Advantage Library earlier this month. The latest product release expands the library to 502 pre-built, pre-tested, reusable SOA components in 4 financial services verticals:
• Healthcare Insurance - 101 components
• Asset Management - 71 components
• Property & Casualty Insurance - 176 components
• Life & Annuities - 154 components
Customers may now access the SEEC Advantage Library in three formats:
• Search the online catalog at www.seec.com. Search for functionality, review technical specifications, and map to business needs.
• Obtain a print version of the latest catalog by contacting SEEC at 1.800.682.SEEC (7332).
• Create a custom catalog targeted specifically for your project, initiative or enterprise. We'll work with you to map your requirements to the Business Services needed, and create a custom catalog just for you. Contact a Solution Architect at 1.800.682.SEEC (7332) to get started.
"SEEC has live production implementations at a number of top-10 financial services providers, helping those customers to save over 50% in effort and cost, and deploy solutions in less than 6 months", said Shane Tulloch, President and CEO. "We help companies achieve interoperability of IT assets across multiple channels with rapid speed to market."
Key solutions that can be assembled using SEEC components include:
• Claims management to speed claim initiation through payout
• Common order entry and electronic new business across product lines
• 360-degree view of customers and households
• Agent portals for enablement of producers and brokers
• Customer service portals to enhance customer responsiveness
• Producer management services
• Internet self-service portals for 24/7 direct service to customers
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.

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.


2008, SEEC, Inc. SEEC is a trademark of SEEC, Inc. All other company names are trademarks of their respective companies.

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