Press Releases

SunGard Named a Leading Provider in Celent’s Insurance Software Deal Trends Report

July 20, 2009 — Atlanta, GA

Research and advisory firm Celent, LLC has named SunGard a leading provider of Infrastructure and Accounting solutions in the latest Life/Health and Property/Casualty edition of its Insurance Software Deal Trends report.  The ranking is based on the number of deals SunGard signed in 2007 and 2008.  In addition, SunGard was ranked third in Celent’s Traction Index, which represents a weighted score, based on the number of deals and the four categories in which the deals are found.

The report analyzes a total of 1,315 software deals submitted by 36 vendors, signed between January 1, 2007, and December 31, 2008.  Approximately 37% of the deals were life/annuity/health carriers with the remaining deals relating to property and casualty.  The Celent report analyzes submitted deals in 39 categories, which are grouped into four meta categories: core processing, distribution, document/content management and infrastructure and accounting. SunGard led the infrastructure and accounting meta category with 55% of the Life/Health deals and 40% of the Property/Casualty deals.

“We would like to extend our congratulations to SunGard for being named as a leading vendor,” said Craig Weber, senior vice president of Celent’s insurance practice.  “We believe that carriers value partners who know the insurance vertical well, and who demonstrate their commitment to it.  SunGard’s success in insurance puts it in that category.”

Greg Webber, president of SunGard’s insurance business, said, “We are very pleased to have been ranked so highly by Celent and view it as a reflection of the strength of our iWorks solutions in the Life and Health and Property and Casualty industries.”

About SunGard’s iWorks
SunGard iWorks is a business-driven IT product suite for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs. For more information, visit SunGard iWorks at www.sungard.com/iworks.

About SunGard
SunGard is one of the world’s leading software and IT services companies.  SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector.   SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses.   Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP.  Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times.  For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

Trademark Information:  SunGard, the SunGard logo and iWorks are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.