News
Mercator Selected by Xchanging Ins-sure Services as Part of Data Transaction Service for the Insurance Market
01 May 2002
WILTON, CT, and LONDON, UK - May, 2002 - Mercator® Software, Inc. (Nasdaq: MCTR), today announced it has been selected by Xchanging Ins-sure Services to provide the message transformation engine within Xchanging Ins-sure Services "Business Centre". Xchanging Ins-sure Services provides business process outsourcing (BPO) services to the London insurance market.
Under the terms of the contract, Mercator's integration technology will form the central translation hub of Business Centre, enabling the transformation of multiple message standards, including ACORD EDI, XML for Reinsurance and Large Commercial (RLC), and a number of proprietary formats. Xchanging Ins-sure Services anticipates that with Mercator's help, over the next 3-5 years Xchanging Ins-sure Services will be able to handle significant volumes. John Benjamin, Managing Director at Xchanging Ins-sure Services, said: "We went through a rigorous evaluation process when looking for an integration technology vendor. Mercator perfectly fit the bill, with one product that could fulfill all our requirements and a reputation as a leader in its field."
Mark Register, president of Mercator International, commented: "Xchanging Ins-sure Services is a global leader in the provision of services to the insurance industry. This is great news for Mercator and builds on our growing presence within the insurance market."
Xchanging Ins-sure Service's Business Centre offers insurance companies and brokers a central transaction service, which includes protocol switching and message format translation to and from preferred formats. By using Mercator's integration technology Xchanging Ins-sure Services will allow organisations to focus on their preferred file formats and interchange protocols without having to invest in costly processing systems to support their trading partners. As an any-file-to-any-file service, no local software or support is needed, so companies can defer or eliminate new IT investment.
About Mercator
Mercator Software's intelligent business integration solutions unify any internal operations and connect them with partners and customers while leveraging current technology investments. Over 7,000 businesses, including more than 1,100 enterprise customers in financial services, healthcare, utilities, manufacturing, retail, and distribution, use Mercator software to maximize their performance. Additional information about Mercator (Nasdaq: MCTR) may be found at www.mercator.com.
Mercator is a registered trademark of Mercator Software, Inc.