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RAVELLO SOLUTIONS ANNOUNCES PARTNERSHIP WITH TALISMAN SYSTEMS GROUP Ravello and Talisman Join Forces to Provide Fully Integrated Policy Administration and Claims Technology.

Atlanta, Georgia — December 12, 2001—Ravello Solutions, maker of an industry-leading Workers’ Compensation technology solution, announced today a strategic partnership with Talisman Systems Group. Inc., a best of breed claims management system. The partnership creates a product offering by bringing together two firms with cutting edge web-based technology. Through this partnership, Ravello and Talisman will serve as each other’s preferred Claims Management and Policy Administration software vender.

"This partnerships creates incredible synergies for our product offerings. Talisman’s technology is simply outstanding and integrates seamlessly into our core Policy Administration system. Combining Ravello’s expertise in Policy Administration with Talisman’s expertise in Claims Management creates a unique product offering unrivaled in the insurance software marketplace," says Andrew J. Serowitz, Executive Vice President of Ravello Solutions. "Talisman has an excellent reputation and provides an outstanding product to its customers."

"The Ravello system is very easy to use and extremely powerful. It offers functionality that supports multi-state rating and out-of-sequence endorsements that many venders claim to support, but do not," says, Michael Varnum, President, Talisman Systems Group. "We are very excited about working with Ravello to provide a fully-integrated, web-based solution for the property/casualty insurance industry. Ravello’s advanced Policy Administration system and Talisman’s Claim Administration system complement each other extremely well."