9th Apr 2008 10:20
Innovation Group PLC09 April 2008 9 April 2008 The Innovation Group plc ('Innovation Group' or "the Group") (LSE: TIG.L), ispleased to note the following announcement: The Innovation Group plc Innovation Group Joins IBM Insurance ISV Ecosystem Newton, MA - Tuesday, April 8, 2008 - The Innovation Group, which providesoutsourcing services and software solutions to the world's insurance providers,has been selected as a component services provider for IBM's Insurance ISVecosystem and insurance industry solutions. This news builds upon the Group'salready successful partnership with IBM. The announcement was made at IMPACT2008, IBM's annual conference focused on Systems Oriented Architecture (SOA)trends and best practices. The IBM Insurance ISV ecosystem delivers on the business value of SOA basedapplication through industry specialization. "We are pleased to be viewed as an innovator and selected as a participant inthis effort after IBM completed the extensive due diligence process on ourcomponent business services for Insurance," stated Andrew Labrot, Jr., chieftechnology officer, Innovation Group. "Our solutions are SOA-ready to provideearlier return on investment, greater long-term flexibility and increasedspeed-to-market while integrating easily into IBM's Component business servicesarchitecture. We are committed to transforming the global Insurance market withIBM and our ecosystem partners." Enquiries: The Innovation Group Tel: +44 (0) 1489 898300Hassan Sadiq, Chief Executive OfficerPaul Hemsley, Finance Director Financial Dynamics Tel: +44 (0) 20 7831 3113Juliet Clarke / Matt Dixon / Erwan Gouraud Notes to Editors Innovation Group (LSE: TIG.L) provides technology-enabled outsourcing servicesand software solutions to insurers and other risk carriers through itsinternational network of offices. With more than 2,000 professionals serving theglobal Property & Casualty insurance market, Innovation Group has an expansiveportfolio of proven capabilities for handling the breadth of administrativeprocesses, including software technology for both policy management and claimsadministration. Innovation Group technology solutions are installed in 11countries worldwide, and used by more than 25,000 people processing more than 20million policies and millions of claims annually. The company's technologysolutions can be utilized in connection with the Group's world-class outsourcingoperations or implemented on a stand-alone basis. Innovation Group has offices in the United Kingdom, Continental Europe, SouthAfrica, Japan, Australia and North America, and delivers services for some ofthe largest insurance businesses in the world, including Aviva, Auto Club ofSouthern California, Ford Motor Company of South Africa, Toyota (South Africa),Halifax General Insurance, The Insurance Australia Group, Jaguar Drive Plan(South Africa) AXA Insurance, Royal Sun Alliance, Sonpo 24 Insurance (Japan) andZurich (UK). www.innovation-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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