COR AG Financial Technologies
COR AG Financial Technologies: COR acquires two new customer orders in the life assurance segment
COR AG Financial Technologies / Contract Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- COR acquires two new customer orders in the life assurance segment (Leinfelden-Echterdingen, 10 November 2008) – COR AG Financial Technologies has gained two new customers for COR-Life, its portfolio management system: Augsburger Dialog Lebensversicherungs-AG, a company belonging to the AMB Generali Group, and the Dutch financial services provider Lime Insurance BV, of Bosch en Duin. Dialog Lebensversicherungs-AG has replaced its previous portfolio management system in the course of the collaboration and over the next two years will migrate its portfolio to the newest SOA version of COR-Life. Dialog, which sells its products exclusively via brokers, is a leading specialist insurer for biometric risks in Germany and Austria and offers high-value and flexible-term life assurance and occupational disability insurance. As well as COR-Life, COR is providing Lime Insurance BV with an extensive suite of applications designed for the life insurance business. In addition, the group subsidiary COR application service providing GmbH is responsible for the entire computing centre operations of these software systems. In future, Lime will offer its full range of unit-linked life assurance products on the German market. The project makes clear the strategy that COR is following, namely to submit the ASP offer for COR Life to foreign insurance companies in particular, thereby guaranteeing significantly shorter installation periods of just under three months. About COR COR AG Financial Technologies is one of the leading software and consulting firms for the European financial services industry and its activities are focused mainly on banks and insurance companies. Its service spectrum encompasses specialist and technical consulting services, a broad spectrum of standard software products, and the assumption of IT operations (Application Service Providing). The COR Group has its headquarters in Leinfelden-Echterdingen, near Stuttgart, and employs around 500 people at locations in Germany, Switzerland and Slovakia. The last financial year was the most successful in the company’s history so far, with sales of EUR 41.3 million and EBT of EUR 4.7 million. For the current financial year, COR is aiming for turnover of EUR 60.0 million and pre-tax earnings of EUR 6.7 million. Contact COR AG Financial Technologies Corporate Communications Karlsruher Straße 3 D-70771 Leinfelden-Echterdingen Tel.: +49 711 94958-0 E-mail: info@corag.de Internet: http://www.corag.de 10.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: COR AG Financial Technologies Karlsruher Straße 3 70771 Leinfelden-Echterdingen Deutschland Phone: +49(0)711-94958-0 Fax: +49-(0)711-94958-49 E-mail: ir@corag.de Internet: www.corag.de ISIN: DE0005083208 WKN: 508320 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden