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SEEC ANNOUNCES 10 NEW CUSTOMERS, GROWTH IN SOA SOLUTION SALES

Company adds 10 new enterprise customers over the past year, growing the installed base of businesses that have successfully leveraged SEEC"s pre-built components to deliver SOA Solutions /Software News Articles/ - PITTSBURGH, PA, March 21, 2008 - SEEC, Inc., the leading provider of Business Component Software for the insurance, healthcare and financial services industries, today announced that it added 10 new enterprise customers over the past 12 months, extending the company"s leadership position in the market for Service-Oriented Architecture (SOA) solutions. In addition, SEEC recently completed pilots with 11 new prospects. In the US insurance industry, SEEC now serves: • 4 of the top 10 Life/Annuities companies • 2 of the top 10 Property & Casualty companies Examples of SOA solutions that SEEC has implemented for customers using its pre-built library of over 300 SOA software components include: • Common order entry and 360-degree view of the customer for a multi-line insurance carrier • Configurable claims solution for a health and life carrier • Agent portal for a multi-line life/annuities and P&C carrier • Beneficiary services for a life insurance carrier • Funds update and transfer for an annuities provider • Producer management for a financial services firm "In live implementations, we have demonstrated the ability to cut the time and cost to deliver composite SOA-based applications by over 50% compared to starting from scratch with a custom development project" said Shane Tulloch, President and Chief Executive Officer of SEEC. "In times when budgets are tight, SEEC offers a way for customers to meet business needs with a non-proprietary solution for less money." The Company"s flagship library of standards-based, reusable software components (the SEEC Advantage Library ) provides a deep selection of ready-built functionality that can be rapidly assembled and customized to deliver SOA solutions with a rich Web 2.0 user experience. SEEC components form a shared-Services layer above legacy applications based on industry-standard semantics, providing a uniform way to access information and perform transactions across otherwise disconnected IT silo"s. Unlike traditional applications, SEEC components leverage the legacy data and back-end functionality already in place, enabling customers to re-use proven systems without a high-risk replacement decision, and liberate the business from struggling with silo"ed applications. SEEC components are built to industry-standards (J2EE, ACORD, Web Services), and licensed with the source code, avoiding the risk of proprietary lock-in, forced upgrades and obsolescence. To obtain a copy of the most recent SEEC Business Component Software catalog, contact SEEC at 1.800.682.SEEC (7332) or complete a request at www.seec.com


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