Today's press release marks another important step towards IMR's goal of becoming the leading IT solutions provider to the Insurance industry.
In a report dated 9/8/99, the Punk, Ziegel brokerage firm stated, "Our enthusiasm regarding the long-term prospects for IMR is based on: (1) its focus on building significant domain expertise in the Insurance (and other industries) which are heavy IT spenders, (2) its horizontal focus on delivering component-based solutions which significantly compress the time to market, and (3) its superior global delivery assets."
In today's press release, the company states, "IMRglobal Corp., a leading global provider of IT services and solutions, announced today that it has solidified the Property and Casualty (P&C) arm of its Insurance Solutions practice area by completing the integration of New Jersey-based ProfessionaL Partners Inc. and Lakewood Software Technology Center, Inc. (previously known as PLP). PLP was acquired by IMRglobal on April 28, 1999, and for three years running was named one of the leading IT providers for the P&C industry by "Insurance and Technology" magazine."
"The P&C arm of IMRglobal's Insurance Solutions practice is made up of experienced insurance and IT professionals and provides services including IT-strategy consulting, e-business services, application development, application modernization, application management, and component-based development. IMRglobal also offers its insurance customers a library of component-based solutions designed to manage policy processing, claims, billing, and reporting functions. These component-based solutions offer two major benefits-faster time to market and high degree of reusability in future, new application development. IMRglobal's P&C customers include CNA Insurance Companies, Prudential Insurance Companies, Zurich Insurance Companies, CGU Insurance, AAA Midatlantic, Munich Risk Partners, Pennsylvania Manufacturers Association and Reliance Insurance Company."
"We announced the formation of our Insurance Solutions practice area this spring and, less than six months later, we are pleased to formally announce the total integration of PLP as the P&C branch of this practice," said Satish K. Sanan, Chairman and CEO of IMRglobal. "It is our intention to expand the scope of our insurance services and expertise to cover all major categories in the insurance industry, enabling IMRglobal to become the leading IT solutions provider in this industry." |
