1st Mar 2005 07:00
Innovation Group PLC1 March 2005 Tuesday, March 1 2005 THE INNOVATION GROUP PLC ("TiG") TiG and IBM Five Year Agreement The Innovation Group, which specialises in providing technology based businessservices to the global insurance community, its customers and suppliers, todayannounces it has entered into a five-year agreement with IBM to create aclient-focused global delivery centre and strengthen client site capabilities. Through this initiative, IBM and TiG will more tightly coordinate worldwidedelivery capabilities, significantly improving client deployment effectivenessas well as increasing the availability of process-driven business solutions forthe global insurance industry. The IBM and TiG relationship will create a client-focused global delivery centrethat offers scale and consistency in the implementation and deployment of TiGPolicy and TiG Claims solutions. The centre will use methodologies and a rangeof tools from IBM and TiG Professional Services implementation practices tooptimize the delivery of repeatable, high quality, lower-risk, cost effectivesolutions on a worldwide basis. The new relationship will provide TiG greater depth in sales, distribution anddelivery of solutions that are already supporting customers in more than sixcountries. For IBM, TiG represents the first supplier of vertical solutions toparticipate in the IBM Global Delivery model. As a part of this agreement, TiGwill train IBM's insurance delivery team on TiG technology and solutioncapabilities and the two organizations will work closely together on accountsfrom sales through delivery. The result will be a consistent approach tosolution delivery and a standard of excellence that will lead the industry. Mike Adler, IBM's Global leader for Business Consulting Services for Insurance,said:"The selection of TiG to our top tier PartnerWorld relationships will enable ourteams to work closely together with mutually defined delivery standards andprovide insurers throughout the world consistent results based on powerfultechnology and proven business processes." Hassan Sadiq, Chief Executive of The Innovation Group, said:"The acceleration of our relationship with IBM has been in direct response toour mutual customers as well as new current prospective clients for Claims andPolicy Administration Solutions in many key markets. The Global delivery centeris a meaningful long term investment in people, processes and technologies thatmatter to insurers. We expect it will leverage and extend our joint capabilitieswhile providing customers with widespread proof points and confidence inembarking on transformation strategies." Enquiries: The Innovation Group plc 01489 98300Hassan Sadiq, Chief Executive OfficerPaul Smolinski, Group Finance Director Robert W. Baird 0207 667 8416Shaun Dobson Smithfield 07736 979 302/0207 903 0676Sara Musgrave Notes to Editors: About The Innovation GroupThe Innovation Group (LSE:TiG) delivers profit improvement solutions for theinsurance and associated industries through technology and specialized businessprocess outsourcing solutions. TiG's policy, claims and conversion technologysolutions are recognized as robust and advanced, providing efficiency and costsbenefits resulting in a 5 to 20 percent profit improvement. TiG technology isproven in many of the world's leading insurance carriers. For more information,visit www.tigplc.com. About IBM Business Consulting ServicesWith consultants and professional staff in more than 160 countries, IBM BusinessConsulting Services is the world's largest consulting services organization. IBMBusiness Consulting Services provides clients with business process,organization optimization and industry expertise, and the ability to translatethose capabilities into integrated, flexible, on demand business solutions thatdeliver bottom-line business value. For more information, visit www.ibm.com/bcs. About IBM and The Innovation GroupSince 2002, IBM and TiG have worked together to deliver proven businesssolutions for insurance carriers that have set worldwide standards for businessvalue and return on investment. Together they are enabling clients to realizethe benefits of transformational change in core insurance functions such asPolicy Administration and Claims Management, support that has won multiplecustomers awards for outstanding improvements in the industry. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Team Internet