Category: Technology

 

LOS ANGELES — (BUSINESS WIRE) — AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, recently announced that it has been selected to provide program management services for the New Jersey Turnpike Authority’s $1.1 billion Interchange 1 to 4 Widening Program. AECOM will provide program management, preliminary engineering, and environmental services for the project’s permitting, design, and construction phases.

 

“We look forward to continuing to build upon our successful working relationship with the New Jersey Turnpike Authority and draw upon our experience managing large, complex capital programs, including our previous work on the Authority’s Interchange 6 to 9 Widening Program,” said Dan Faust, chief executive of AECOM’s U.S. East region. “Acting as an extension of the Authority, we intend to manage the program efficiently and transparently, utilizing our vast global resources and innovative tools to achieve the Authority’s vision.”

 

The Interchange 1 to 4 Widening Program is intended to increase mainline capacity and expand interchange operations over a 36.5 mile stretch of the New Jersey Turnpike, decreasing congestion and improving environmental conditions throughout the corridor. AECOM’s role encompasses program administration, including the development of systems and controls to facilitate timely delivery; coordination and communication with stakeholders, including regulatory agencies, project partners, and the community; conceptual and preliminary design, including surveys and mapping, traffic analysis, stormwater management, and procurement assistance; and environmental services, including studies, investigations, and permitting for the program.

 

“We’re incredibly proud to support the New Jersey Turnpike Authority and play a role in delivering the largest capital program in its history in support of its mission to provide the highest quality of life for New Jerseyans,” said Drew Jeter, chief executive of AECOM’s global Program Management business. “As the NJTP’s program management consultant, our role in this important project brings together leading technical experts across our business to match the expectations of the Authority. The New Jersey Turnpike is a critical component to the economic vitality and environmental sustainability of the state, and we’re excited to bring forward the best of AECOM to help the Authority meet current and future demand.”

 

In addition to increasing mobility, the Interchange 1 to 4 Widening Program provides the Authority the opportunity to make further improvements, such as replacing overhead structures, upgrading signage, enhancing highway safety, updating data collection, and advancing stormwater management practices in accordance with new infrastructure requirements.

 

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

 

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Contacts

Media Contact:
Brendan Ranson-Walsh

Vice President, Global Communications & Corporate Responsibility

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com

Investor Contact:

Will Gabrielski

Senior Vice President, Finance & Investor Relations

1.213.593.8208

William.Gabrielski@aecom.com

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best will host a complimentary webinar titled, “How Auto Insurers Are Leveraging Market Disruptions Accelerated by COVID-19,” sponsored by LexisNexis^® Risk Solutions, on Wednesday, July 14, 2021, at 2 p.m. (EDT).

Almost every segment of society, including the U.S. auto insurance industry, was impacted by COVID-19’s far-reaching and substantial consequences. From trends in auto insurance shopping to claims to driving behavior patterns and policy renewal cycles, everything was, and in some cases, is still being disrupted. In a one-hour webinar, a panel of insurance professionals will explore actionable insights that can help your organization make the best decisions―now and in the future.

Register now: www.ambest.com/webinars/auto21.

Panelists include:

• Adam Pichon, vice president & general manager, Auto Insurance Vertical, LexisNexis Risk Solutions;
• Bill Brower, vice president & head, U.S. Auto Claims Strategy, LexisNexis Risk Solutions; and
• Tanner Sheehan, associate vice president, Auto Vertical, LexisNexis Risk Solutions.

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com

NICE Actimize Named ‘Best Compliance’ Technology Provider By 2021

NICE Actimize uses AI and advanced analytics across anti-money laundering and surveillance so customers achieve the true benefits of intelligent automation

 

HOBOKEN, N.J. — (BUSINESS WIRE) — #Actimize–NICE Actimize, a NICE (NASDAQ: NICE) business, was named “Best Compliance” technology solutions provider by WealthBriefing European Awards 2021. Sponsored by WealthBriefing, a publication of Clearview Financial Media and a leading global provider of business intelligence in the private banking and wealth management space, the program rewards achievement, top class performance, and innovation.

As judged by an expert panel drawn from the wealth management industry and members of its editorial team, NICE Actimize emerged as the 2021 Compliance Winner in supporting wealth advisors and asset managers through the successful implementation of its anti-money laundering and holistic surveillance solutions offerings. NICE Actimize has successfully applied cloud, artificial intelligence and advanced analytics to solving the Wealth Management market segment’s critical needs.

NICE Actimize provides a complete set of end-to-end financial crime and compliance solutions for wealth management organizations, offering a full range of capabilities that include KYC/CDD, transaction monitoring, and sanctions screening, in addition to the industry’s broadest range of trade and communications surveillance solutions in support of wealth advisors.

“By automating onboarding through oversight and supervision of KYC, and ongoing monitoring of account activity, our anti-money laundering and surveillance solutions protect customers’ accounts and firms’ reputations while cutting down on resource drain and operational cost,” said Craig Costigan, CEO, NICE Actimize. “We thank the expert panel of judges for their acknowledgment of our Wealth Management solutions.”

A market leader in Anti-Money Laundering, NICE Actimize continues to make significant investments across its integrated AML suite, with a focus on further incorporating artificial intelligence into all coverage areas so customers achieve the true benefits of machine learning and intelligent automation which include better detection, more efficient operations and reduced cost of compliance. NICE Actimize’s Autonomous Anti-Money Laundering Solutions Suite, powered by X-Sight AI, consists of Suspicious Activity Monitoring, KYC-Customer Due Diligence, CTR Processing and Automation, and WL-X Risk Screening.

Recently, NICE Actimize launched SURVEIL-X Suitability for Wealth and Insurance, a comprehensive AI-powered surveillance and suitability solution that builds on the capabilities of NICE Actimize’s industry-leading SURVEIL-X Holistic Conduct Surveillance suite. Already adopted by a number of leading global financial services organizations, SURVEIL-X Suitability combines communications surveillance, sales practices & suitability, and Regulation Best Interest (Reg BI) surveillance in a single, integrated cloud-native platform.

• For more information on NICE Actimize’s anti-money laundering solutions, please click here.
• For more information on NICE Actimize’s SURVEIL-X solutions, please click here.

About NICE Actimize

NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers’ and investors’ assets by identifying financial crime, preventing fraud and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading. Find us at www.niceactimize.com, @NICE_Actimize or Nasdaq: NICE.

About NICE

NICE (Nasdaq: NICE) is the world’s leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Costigan are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company’s reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

Contacts

Corporate Media:

Cindy Morgan-Olson, +1 646 408 5896, cindy.morgan-olson@niceactimize.com

Investors:

Marty Cohen, +1 551 256 5354, ET, ir@nice.com
Omri Arens, +972 3 763 0127, CET, ir@nice.com

MORRISTOWN, N.J. — (BUSINESS WIRE) — QPharma, a leader in Medical, Commercial and Compliance Services for the life sciences industry is proud to announce the launch of Neolytica, a subsidiary, that will take healthcare analytics to an entirely new level.

QPharma has been a pioneer in the compliance space for 25 years and has achieved tremendous success and traction in recent times in healthcare analytics – specifically with Ti Expert™, the KOL mapping and HCP targeting solution, and NotifyMe™ the KOL/HCP activity alert solution. This is one of the key drivers behind launching Neolytica, which focuses on platforms and solutions using next generation technologies like NLP, AI, face recognition, and chat bots to amplify the much-required technological advancements in analysis for the healthcare community. This amplification is primarily focused on Medical Affairs/MSL, Market Access, Commercial Marketing and Sales teams’ analytics and insights.

 

A significant part of QPharma’s growth is the result of its ability to identify gaps in the industry and to solve those gaps with innovative solutions. QPharma’s decision to focus on and invest in data analytics and AI, synergizes well with its expertise in the pharmaceutical industry. The outcome: Neolytica, a healthcare analytics subsidiary with a portfolio of innovative products and solutions. Neolytica will afford our clients the advantage of improved analytics and relevant insights using next-generation technologies delivered through its state-of-the-art solutions.

 

“QPharma’s recent successes have been driven by innovations like Sample Direct-to-Patient, Sentiment Analysis and NotifyMe, which addressed specific gaps during the Covid-19 crisis. By addressing these gaps through innovation, it impressed upon us the impact QPharma could have in the industry, if it focused and invested more on analytics,” said QPharma President and CEO, Patrick Den Boer. “QPharma’s health analytics solution has grown at an average of 205% over the past two years. We are creating end-to-end KOL mapping and HCP targeting strategies for 15 out of the top 20 pharmaceutical companies and have played a pivotal role in the successful launch of 25 drugs, including a recent Covid-19 antibody treatment,” said Badal Shah, Managing Director, KOL and Targeting Solutions at QPharma. Den Boer further added, “Based on the recent success of our health analytics solution, we are confident Neolytica will act as a catalyst in the industry to address the need for innovative and insightful analytical solutions.”

 

Backed by award-winning leadership and ably supported by a global team of industry experts, Neolytica’s solutions and portfolio of products will deliver significant value to the strategic and operational aspects of Medical Affairs, Market Access, Commercial Marketing and Commercial Sales.

Read more about Neolytica at www.neolytica.ai.

 

About QPharma, Inc.

Founded in 1994, QPharma is the industry leader in cloud-based software and services for life sciences. The Commercial Services division provides solutions that include sample management and distribution, product launch management, online training, and HCP/KOL targeting and engagement. Services offered by the company’s Professional Services division include validation services, project management, auditing, and training. QPharma is a National Association of Boards of Pharmacy Verified Accredited Wholesale Distributor, and an approved American Medical Association Database Licensee.

Contacts

Media Contact
Patrick O’Hara | Patrick.OHara@qpharmacorp.com | +1 973.656.0011

Provides state-of-the-art 3D scanning and accurate footwear recommendations at less than half the price of scanners currently on the market

TEANECK, N.J. — (BUSINESS WIRE) — Aetrex Worldwide, Inc. (“Aetrex”), a global market leader in foot scanning technology, orthotics and comfort and wellness footwear, today announced Albert 3DFit, a sleek and modern 3D foot scanner created to revolutionize the retail industry by making 3D fit technology available to stores of all sizes. Offering the most innovative technologies at a fraction of the cost of competitors, this scanner can calculate customers’ 3D foot measurements in less than 10 seconds with accuracy up to 1 millimeter. It features Aetrex’s FitGenius™ AI platform, which matches customers’ unique foot profiles with their ideal footwear styles and sizes to provide personalized footwear recommendations that can be accessed across a retailer’s digital shopping platforms after leaving the store.

“Recent studies have shown that 25% of consumers would like to experience a fit technology when shopping for footwear. Albert 3DFit helps retailers of all sizes address this need,” said Kumar Rajan, Vice President of Technology at Aetrex. “Having the industry’s largest technology development team, we were able to use our vast experiences, coupled with our ability to engineer our own hardware and software, to develop an innovative 3DFit experience that’s affordable for all interested retailers.”

Albert 3DFit can guide customers through the scanning process manually by using a tablet, or touch-free with voice activation technology. The software uses artificial intelligence to match footwear data by brand and style to each unique foot’s profile providing sizing recommendations in seconds, resulting in personalized shoe recommendations to help customers make informed buying decisions. After leaving the store, users can leverage the software’s FitGenius feature to view and shop footwear styles that work best for their unique feet, whether shopping on a personal computer or phone, making online shopping a seamless experience.

“The FitGenuis technology plug-in allows retailers to easily integrate the shoe recommendation software into their website or across their email blasts and social media. Each shoe is assigned a FitGenius score so customers can ensure the right fit on the first try when buying online, reducing their returns,” said Larry Schwartz, CEO at Aetrex.

The Albert 3DFit scanner also provides retailers with important data that they can use to optimize key areas of their business, such as marketing, store performance, and product planning and development. Retailers can then use the collected data to develop targeted digital marketing messages to customers based on their unique foot profiles to create an uptick in engagement and conversation rates. With units launching in stores this Fall, the Albert 3DFit scanner is available now for retailers to purchase at $1,995 or $55.42/month.

Since the inception of Aetrex’s foot scanning technology in 2002, the company has placed over 10,000 scanners globally, averaging a total of 2.5 million scans per year and 40 million scans total. To build on this momentum, Aetrex will also be launching their new mobile app for at-home foot sizing and footwear recommendations later this year. To learn more about the Albert 3DFit scanner, visit aetrex.com.

About Aetrex

Aetrex Worldwide, Inc. is widely recognized as the global leader in foot scanning technology, orthotics, and comfort and wellness footwear. Aetrex has developed state-of-the-art foot scanning devices, including Albert, Albert 2 and iStep, designed to accurately measure feet and determine foot type and pressure points. Since 2002, Aetrex has placed over 10,000 scanners worldwide that have performed more than 40 million unique customer foot scans, currently averaging more than 2.5 million scans a year.

The company is renowned for its over-the-counter orthotics – the worlds #1 foot orthotic. With fashion, function and quality at the forefront, Aetrex also designs and manufactures stylish, performance footwear. Based in New Jersey, Aetrex is consistently named one of New Jersey’s Top 100 Privately Held Companies and was also included in NJBIZ’s Top 30 Manufacturing Companies. It has remained privately owned by the Schwartz family for three generations. For additional information, visit www.aetrex.com.

Contacts

Media
Rajira Hernandez

Matter Communications

978-225-8082

aetrex@matternow.com

MAHWAH, N.J. — (BUSINESS WIRE) — #HealthSTARtswithUS–HealthSTAR Communications, a leading independent healthcare communications network, announces Mark Fleischer has accepted the role as Executive Vice President.

“I am pleased to announce Mark Fleisher has joined the HealthSTAR Network as Executive Vice President,” stated Chris Sweeney, Chairman and Chief Executive Officer of HealthSTAR Communications. “Mark will participate on the HealthSTAR Operating Committee and play a vital role in overseeing all phases of the HealthSTAR Network. Mark has vast leadership experience and passion for cutting-edge technology and data, service delivery and innovative solutions. His addition only strengthens our ambitious mission to change the way marketing services are executed in the life sciences industry.” In his new role, Mr. Fleischer will have overall responsibility for the HealthSTAR Network business, with an initial focus on strategy for growth, technology, and deepening customer relationships.

Mr. Fleischer has over 20 years of experience in the healthcare industry having held senior leadership roles in multiple organizations. Mr. Fleischer spent 12 years at Dendrite International in a variety of leadership roles. In 2007 Mr. Fleischer was part of the team that merged Dendrite with Cegedim to create a $1B global technology, information, and service provider to the life sciences industry. His last role with Cegedim Dendrite was as Senior Vice President and General Manager of North America. He also spent two years as Vice President and General Manager of Marketing Services for Cardinal Health. In 2015, Mr. Fleischer successfully raised capital and completed a management buyout of Physicians World from UDG Healthcare. He quickly tripled the size of Physicians World and positioned it as a recognized leader in executing peer-to-peer education in the pharmaceutical industry. In 2019 Physicians World was acquired by Veeva Systems where Mr. Fleischer joined the leadership team and spent a year leading the business and overseeing the integration.

“I’m excited to be joining HealthSTAR. The HealthSTAR Operating Committee has done an outstanding job building a full-service medical communications network to support their customers and the healthcare industry during a very complex time and are positioned for continued success well into the future. We believe HealthSTAR is poised to continue to deliver innovative communications capabilities and expand our service offering to continue the growth we’ve experienced in recent years,” said Mr. Fleischer.

The HealthSTAR Network continues to innovate through cutting-edge clinical story-telling expertise, proprietary engagement formats, customized creative branding all supported through HealthSTARs robust compliance-focused technology platform; offering clients full-service medical communications across a products life-cycle. HealthSTAR is a market transforming company that is built on a 23-year legacy of service, with a focus on continued innovation and growth.

About HealthSTAR Communications

HealthSTAR Communications is a full-service medical communications network of companies that has been transforming the life sciences industry for over two decades, generating over 2.5 billion dollars of revenue. The HealthSTAR Communications Network is made up of four distinct divisions—HealthSTAR Strategic Engagements, HealthSTAR Fusion Group, Centron, and HealthSTAR Patient Engagements – spanning disciplines but always working seamlessly with its clients across to offer holistic, full-lifecycle, best-in-market solutions.

HealthSTAR Strategic Engagements (HSE) is a strategic and tactical promotional events business that is quickly approaching its two-millionth live promotional speaker event since its inception in 1998. Combined with unparalleled service, our industry leading enterprise events technology platform, MER360®, built to manage every aspect of compliant events, enforce business rules, and capture all transactional data important to our clients. HealthSTARse.com

HealthSTAR Fusion Group (HFG) is a medical education agency that provides scientific strategy, impactful clinical content, and medical education expertise. At its core, HealthSTAR Fusion Group offers clients experience, expertise, and proven results that deliver the right message to the right target audience. HealthSTARfg.com

Centron is an award-winning healthcare communications agency with a focus on specialty brands, especially oncology and rare diseases. Centron excels in analyzing and optimizing their services in creative branding, campaign ideation, integrated strategic services, and promotional communications for each client’s unique needs. Centronnyc.com

HealthSTAR Patient Engagements (HPE) is a full-service patient engagement agency offering brands the ability to create meaningful impacts and messages that resonate with patients/caregivers through compliant programs, specialized patient-focused content, and years of experience meeting the unique and specific challenges that patient education brings. HPE leverages the HealthSTAR Networks proven models of success, proprietary technology, and content expertise, and strives to make the complex simple for both brands, patients, caregivers, and the entire patient ecosystem.

Contacts

Thomas Sweeney

Chief of Staff

HealthSTAR Strategic Engagements

201-560-5539

tcsweeney@healthstarcom.com

Provides insurance industry stakeholders portability, agility, speed-to-market, and ease of environment management in a highly scalable and secure fashion to accelerate their path to the future of insurance

 

MORRISTOWN, N.J. — (BUSINESS WIRE) — Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced cloud-native core containerization for Majesco P&C Core Suite and Majesco L&A and Group Core Suite to provide portability, agility, speed-to-market, and ease of environment consistency management for companies accelerating their business transformation on the cloud.

Majesco P&C Core Suite and Majesco L&A and Group Core Suite are built as Docker images, orchestrated using Kubernetes and deployed as Helm charts enabling customers to run on any Cloud infrastructure. With the first decomposition completed, Majesco will continue to assess the right balance of further decomposition into granular microservices based on customer and market driven demands. With parallel run validations, this transition is seamless – with no business interruptions – and requires no additional testing or change efforts for carriers.

“As an early proponent and provider of cloud, Majesco is dedicated to delivering cloud-native technologies to the insurance industry. Containerization of our core suite solutions is a testament to our commitment to deliver choice, flexibility, and relentless innovation to the insurance industry that meet the dynamically changing business and IT demands of today and tomorrow,” said Manish Shah, Chief Product Officer at Majesco. “As the industry accelerates their effort to modernize, optimize, and innovate their business, Majesco is leading the way by simplifying the challenges faced by companies by breaking down silos and empowering the industry to pursue a cloud-native agenda in our highly scalable and secure applications.”

With cloud-native core Containerization support, Majesco’s cloud operations will be more reliable, responsive, and secure. Additional benefits include:

• Consistency–-Enable consistency of deployments across all environments through same app deployment structure and infrastructure configurations.
• Dynamic Scalability – Dynamic adjustments to computing resources by automatically scaling to new nodes based on load for better ROI and operational readiness.
• Superior Availability – Separation of functionality across containers and monitor for problem detection and self-healing to deliver higher availability.
• Enhanced Security – Applications isolation from host and each other, Kubernetes secrets for provisioning passwords/keys and automatic app management and deployment provides enhanced security.
• Faster Deployment – Standardized docker images enable faster deployment of Majesco Apps as well as faster patching for host OS.
• Cloud Platform Agnostic – Abstraction from host OS, inherent feature of containerization makes app run on any cloud platform.
• Cost Effectiveness – Scaling of lightweight containers, auto-scaling and high degree of automation significantly reduce operating costs with horizontal scaling.

“The insurance industry has embraced the cloud for their core systems, but there is still a wide gap between a lift-and-shift approach and true cloud native infrastructure,” said Jeff Goldberg, EVP of Research and Consulting at Novarica. “To realize the full value of cloud adoption, insurers need systems that are made for scalable, rapid deployment, supported by ongoing updates, and that tie into a broader network of data providers and emerging solutions. The future of core systems looks less like insurers licensing a technology and more like them placing their insurance products into an ecosystem that allows them to focus on their differentiated business.”

Majesco was named a Leader in the October 2020 Magic Quadrant for P&C Core Insurance Platforms, North America and a Visionary in the August 2020 Magic Quadrant for Life Insurance Policy Administration Systems, North America. The company also received an XCelent award for Depth of Service in Celent’s Policy Administration Systems: North America Property Casualty Report, and named the Top “Best-in-Class” Vendor in the P&C Policy Administration Aite Matrix Report.

About Majesco

Majesco is the leading software partner to both the P&C and L&A insurance markets to modernize, optimize and innovate their businesses at speed and scale. Over 330 insurers, from greenfields, start-ups and MGAs to the largest insurers, reinsurers and brokers use Majesco’s next generation SaaS platform solutions of core, data and analytics, digital, distribution, absence management and a rich ecosystem marketplace of established and InsurTech partners to build the future of insurance.

Our technology, expertise and leadership help insurers innovate and connect to build the future of their business. With over 825 successful implementations and over 65% of our customers on Cloud with Majesco platform solutions, together we have an amazing track record of innovation and real-world results. For more details on Majesco, please visit www.majesco.com.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Contacts

Laura Tillotson

Director, Marketing Communications and Creative Services

+ 201 230 0752

laura.tillotson@majesco.com

BOSTON — (BUSINESS WIRE) — #Connectivity—Seaborn Networks (“Seaborn”), a leading developer-owner-operator of submarine fiber optic cable systems, announced today the appointment of Eric Brooks as Senior Vice President of Sales and Marketing, North America. Eric will lead Seaborn’s North America sales organization, channel and marketing strategies.

Eric comes to Seaborn from network solutions provider Zayo Group where he was Senior Vice President of Sales for seven years. In that role Eric managed global teams in multiple areas including sales, marketing, channel and engineering. Prior to Zayo, Eric was Sales Director at Level 3 Communications focused on the large enterprise market including media, content and gaming segments.

 

“I have known Eric over the last 10 years and am excited to add him in a critical role to our executive team,” said Steve Orlando, Seaborn’s CEO. “Eric’s strategic leadership, business acumen and market reputation will be an invaluable addition to Seaborn as we continue to grow our world class subsea networks and global IP peering relationships.”

 

About Seaborn

Seaborn is a leading developer-owner-operator of submarine fiber optic cable systems addressing global communications needs across the Americas, including Seabras-1 and AMX-1 between Brazil and the USA. Seabras-1 is the only direct POP to POP system between São Paulo and New York metro, offering the most direct, low latency route between the B3 exchange in São Paulo and the trading exchanges of New Jersey. Seaborn’s industry leading service delivery and performance combined with our IP and Ethernet service offerings broadens our solutions driven approach and commitment to always exceeding the service expectations of our customers. For more information, please visit www.seabornnetworks.com and follow us on LinkedIn.

Contacts

Media Contact:
Naaz Bax, Head of Marketing

media-relations@seabornnetworks.com