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CELENT RANKS CSC TOP IN LIFE POLICY ADMINISTRATION SOFTWARE SALES IN 2005-2006
Communiqués -- Aout (mois) 02, 2007
CSC Also Leads in Total Deals Since 2001EL SEGUNDO, Calif., Aug. 2 -- Computer Sciences Corporation (NYSE: CSC) today announced that for the fourth consecutive year, global financial services research and advisory firm Celent, LLC, has recognized CSC as a leading life insurance policy administration vendor based on the number of agreements the company closed.
In the firm’s latest report, “Insurance Software Deal Trends 2005-2006, Life/Health Edition,” Celent named CSC a leading full policy administration vendor in its Core Processing category, which includes all policy processing and policyholder service functions. CSC was also recognized as a “Traction Index” leader, which Celent determined by a weighted score that measures the volume and type of agreements software companies made during 2005 and 2006.
Celent has surveyed vendors to report the number of software license agreements with insurance carriers since 2001. Since then, of the vendors identified as full policy administration system leaders, CSC has signed the most agreements – more than twice its nearest competitor.
“CSC is committed to providing life and annuity software that supports business success, and we work with a vibrant community of software users to continually enhance the results they get from our products,” said Michael W. Risley, president of the Life and Annuity Division of CSC’s Financial Services Sector. “We take special pride in providing the industry’s most comprehensive end-to-end software, and we appreciate the validation of firms such as Celent, as well as the market itself.”
In its fourth annual Insurance Software Deal Trends reports, Celent examined 1,405 deals that occurred in 2005 and 2006 between insurance carriers and 92 software vendors. Of this total, 45 percent of the agreements involved life/annuity/health insurers. The reports provide readers with a snapshot of leading software vendors in the insurance vertical and insights into functions that carriers are targeting for investment. For more information, visit www.celent.com.
About CSC
Computer Sciences Corporation is a leading global information technology (IT) services company. CSC’s mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 87,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC’s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.9 billion for the 12 months ended March 30, 2007. For more information, visit the company’s Web site at www.csc.com.
