Software suits insurance and brokerage companies.

Press Release Summary:



With ASP or on-premise hosting, Distribution Channel Management(TM) enables large organizations to roll out new sales and marketing schemes through distribution channels and point of sale, with capabilities for DCM, policy administration, compensation management, POS applications, and data analysis. Software is offered with hosted system that provides all applicable hardware, software, application servers, and databases.



Original Press Release:



Versata Offers 50% Cut in Distribution Management Costs with One-Stop Solution for Insurance & Brokerage Industry



With New ASP or On-premise Hosting, Versata Commits to Industry's Lowest Cost

AUSTIN, Texas, Nov. 6 -- Versata announced today release of the Insurance and Brokerage industry's first complete Distribution Channel Management(TM) (DCM) solution for large companies. Versata simultaneously introduced a hosted offering for the solution that covers all applicable hardware, software, application servers, and databases. With this combination, Versata's new offerings transcend any other Insurance and Brokerage industry solution in features, benefits, and costs.

"Versata is the first in the industry to offer this breadth of functionality to Insurance and Brokerage companies. And, with this announcement, Versata adds the speed, scalability and low-cost to appeal to the world's largest organizations," Randall Jacops, Versata's chief executive officer, said.

Versata's solution suite for Insurance and Brokerage companies enables large, complex organizations to quickly roll out new sales and marketing strategies through distribution channels and to the point of sale, with full capabilities for DCM, policy administration, compensation management, point-of-sale applications, and data analysis. To speed deployment and return on investment of its suite, Versata provides a completely configurable, hosted system, supplied and supported on premise or at Versata, offering everything from hardware and the operating system to the database and individual applications. All components are tuned for performance and ease of support on an Open Source platform.

"Versata's commitment is to the most valuable business functionality at the lowest total cost," Chris Smith, Versata's vice president of operations said. "By taking ownership of the solution for its customers, Versata can enable millions of transactions per hour on efficient servers with zero third-party licensing costs-plus, we can offer the solution with Versata providing the on-facility infrastructure or with Versata serving as the ASP, with up-time to exceed 99 percent. We deliver faster, better, and cheaper, directly to our customers' doorstep, without the risks IT departments typically face."

"As with most enterprise projects, up to one-half the implementation time for a distribution channel management project is spent planning, acquiring hardware and supporting software, creating support systems, and integrating the new components into an existing environment," Leela Kaza, general manager for Financial Services at Versata, said. "Versata can commit to a faster, easier implementation because we offer an all-inclusive, soup-to-nuts solution in a confidential, secure atmosphere. For our customers, this means quicker time to market and faster return on investment."

Whether the hardware is in the customer's data center or at Versata, companies can implement the Versata hosted solution by creating the integration points and configuring the application for their specific needs. With fully outsourced hosting, the need to install the system and configure the hardware, database, and application servers is entirely eliminated. Versata also takes responsibility for timely upgrades and service, lifting this burden from the customer.

"Versata has removed all of the risks of Open Source software, while it delivers all of the benefits: faster implementation time, cheaper hardware, more reliable installations, and lower, short-and long-term cost of ownership," said Leela Kaza. "We are excited to combine these benefits with our solution's scalability, ease of support, and complete business functionality to offer our customers the most comprehensive solution available in the industry."

Versata's comprehensive solutions for Insurance and Brokerage are available today. For more information, visit http://versata.com/solutions/insurance.htm

About Versata

Versata Enterprises, Inc., and its family of companies, is the leading provider of enterprise software solutions that deliver business results, performance, and scalability with a low total cost of ownership. Versata's patented solutions decrease IT costs by eliminating expensive maintenance, by leveraging open source technology, and by accelerating value delivery to business customers. Versata partners with corporate IT departments to enhance and simplify critical operations in the automotive, financial services, consumer/public, government, and manufacturing industries. For more information, visit www.versata.com

Source: Versata Enterprises, Inc.

CONTACT:
Krista Glotzbach
Versata Public Relations
+1-415-271-7638
krista_glotzbach@versata.com

Web site: www.versata.com/

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