SEEC WINS PRESTIGIOUS ACORD AWARD FOR SOA

    /24-7PressRelease/ - LAS VEGAS, NV, May 14, 2008 - SEEC, Inc., the leading provider of Business Component Software for the insurance, healthcare and financial services industries, today announced from the ACORD LOMA 2008 show in Las Vegas, that it was the winner of the prestigious Service Oriented Architecture (SOA) Award from ACORD, the global standards association for the insurance industry. This award recognizes SEEC for its industry leadership and best SOA implementation using the ACORD Standards Framework. SEEC was selected by a panel of industry experts from ACORD, and recognized for delivery of business value and improvements in insurance operating expense ratios through its innovative SOA solutions.

"On behalf of ACORD, I want to congratulate SEEC on receiving a 2008 ACORD Award. I also want to commend them for their ongoing commitment to the implementation of ACORD standards," said John Kellington, Senior Vice President, ACORD.

"We are honored to be recognized as a company providing industry leadership in SOA, and helping insurance carriers to transform their business processes utilizing ACORD and SOA standards", said Shane Tulloch, President and CEO of SEEC. "SEEC's unique library of over 500 pre-built SOA business components provide carriers a rapid way to increase agility and speed-to-market, and save over 50% in cost and time to deliver transformative solutions to their business."

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

SEEC's SOA Solutions for Insurance
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. Key insurance solutions delivered using SEEC components include:
• 360-degree view of customers and households
• Agent and customer service portals
• Insurance self-service solutions
• Common order entry and new business for life, annuities, auto and home
• Agent/producer Management
• Claims Management

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.


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

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