COR AG Financial Technologies
COR AG Financial Technologies: Three supplementary pension scheme companies opt for software from COR
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. ---------------------------------------------------------------------- Three supplementary pension scheme companies opt for software from COR (Leinfelden-Echterdingen, 10 March 2009) - The supplementary pension funds Rheinische Versorgungskasse (RVK), Kirchliche Zusatzversorgungskasse (KZVK) of the German Diocesan Association, and the supplementary pension fund of the Kommunaler Versorgungsverband Brandenburg (KVBbG) have decided to implement the COR-Life standard software as their new policy management and incentive system within the context of a joint cooperation. The three customers will also each implement individual additional modules from the COR-Insurance Suite, such as COR-Office or msg.ProductManager. At RVK, the software will be integrated into a SAP environment. In future, all processes concerning company pension schemes for almost 1.85 million insured people and recipients of benefits will be performed based on the COR-Insurance Suite. As part of the agreed cooperation, COR-Life will be extended to include the functionality for dealing with supplementary pension fund schemes. In a first step, COR was commissioned with developing the required specifications. The order volume for this first phase is just into seven figures. With extensive installations for life assurance companies and for service providers in the field of company pension schemes, COR-Life is the standard solution for policy management on the German market. The fact that the functional and technical platform is used jointly by a large circle of users means that the system can be permanently and economically developed further. Users enjoy regular release updates including functional refinements. COR-Life can be installed on the basis of standardised methods and tried-and-tested concepts, with a very short time to market. About COR COR AG Financial Technologies is one of the leading software and consulting firms for the European financial services industry, focusing on banks and insurance companies as well as company pension scheme organisations. 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). COR has its headquarters in Leinfelden-Echterdingen, near Stuttgart, and employs more than 500 people at twelve locations in Germany, the Netherlands, Switzerland and Slovakia. For the last financial year, COR estimates sales of EUR 60.0 million and earnings before tax of EUR 6.7 million. For the current 2009 financial year, COR is expecting sales of EUR 70.0 million and earnings before tax of EUR 7.0 million. Contact COR AG Financial Technologies Corporate Communications Karlsruher Straße 3, 70771 Leinfelden-Echterdingen Tel. +49 711 94958-0 E-mail: info@corag.de Internet: http://www.corag.de 10.03.2009 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 ---------------------------------------------------------------------------
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