CSC (NYSE: CSC) today announced it has been named a leading software
provider in multiple categories of Celent’s 2012 North American Software
Deal Trends report, published in two editions. Celent, a financial
services technology research and advisory firm, ranked technology
companies based on the number of contracts signed in 2010 and 2011 and
data on 1,583 deals with carriers during that period.
The Life/Health/Annuity edition of the report identifies CSC as a leader
in policy administration with 39 percent of contracts signed. The
Property/Casualty edition also identifies CSC as a leader in the
end-to-end suite category within the core processing metacategory.
The report includes a “Traction Index” to help insurers assess
participating vendors according to their activity in the insurance
industry. The index represents a weighted score for each company based
on the type and size of deals, as well as client size. Of the 47
companies participating in this year’s study, CSC ranked number 6, up
from the prior year’s index.
“We would like to extend our congratulations to CSC for being named a
leading vendor,” said Karen Monks, Analyst in Celent’s insurance
practice. “We believe that insurers value partners with deep insurance
expertise who demonstrate their commitment to the industry. CSC’s
success in insurance software sales puts them in that category.”
“CSC’s track record of serving insurers around the world is grounded in
nearly 40 years of providing business solutions for policy
administration, billing and claims — in addition to managing millions of
policies in CSC’s business process outsourcing operations,” said Ray
August, president of CSC’s Financial Services Group. “With modern
industry-focused software and services, CSC enables insurers to
transform operations, introduce world-class products and services, and
compete more effectively in today’s market.”
Celent’s Deal Trends reports provide readers with a snapshot of leading
software vendors in the insurance industry and insights into functions
that carriers are targeting for investment. The reports, written for
Celent’s insurance research subscribers, were not sponsored or directed
by CSC or any other company. For more information on Celent’s reports,
About CSC in Financial Services
More than 1,200 major banking, insurance, investment and wealth
management, and securities firms rely on CSC's global financial services
team to turn their ambitions into realities. With a track record for
delivering software, consulting, and IT and business process outsourcing
and services at scale, CSC brings a deep understanding of the financial
services business and a collaborative culture to one of the industry’s
most engaged client communities. For more information, visit www.csc.com/financialservices.
CSC is a global leader in providing technology-enabled business
solutions and services. Headquartered in Falls Church, Va., CSC has
approximately 98,000 employees and reported revenue of $15.9 billion for
the 12 months ended March 30, 2012. For more information, visit the
company’s website at www.csc.com.
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Wednesday, September 21, 2011
Marriott Marquis, New York
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