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Percana and Sopra Group partner to provide policy management solutions to UK Life and Pensions industry

16 June 2004, Stevenage, Hertfordshire: The Percana Group, a provider of mission critical software, outsourcing and consultancy services to the life and pensions industry, has concluded an agreement to form a strategic partnership with Sopra Group.

In accordance with the terms of the partnership agreement, Percana and Sopra Group will work together to develop opportunities in the UK Life and Pensions market. Sopra Group will provide Percana with increased sales and marketing capability, implementation and system integration support. Percana will provide their policy administration system Eclipse and in-depth life and pensions business knowledge, technological and product support.

Percana's Eclipse will complement Sopra Group's existing product offerings by allowing the two companies to jointly propose a complete end-to-end insurance solution. This incorporates a fully functional policy administration system combined with high quality implementation services including policy conversion, as well as ongoing application management and/or third party administration if required.

Paul O'Kane, CEO of Percana commented: "The UK is a very important market for us and we view our partnership with the Sopra Group as an integral part of our strategy to establish Percana as a significant market player. Sopra Group is committed to achieving growth in its activities in the UK Life and Pensions domain, which mirrors our objective of increasing our market presence in the UK. Our combined knowledge and expertise in delivering technical and functional solutions to Life and Pensions companies will provide a unique value proposition to potential customers."

Pierre-Yves Commanay, UK Managing Director of the Sopra Group added: "Percana is an innovative company that is committed to growing its business in the UK. There is an unprecedented fit between Percana and Sopra Group in terms of technological expertise and knowledge of the Life and Pensions business. Eclipse will add value to our existing offering and will strengthen our position as a key player in the Life and Pensions market."

The Sopra Group was founded in 1968. Specialising in business consultancy and systems integration, the Group employs 7,500 people across Europe.With a global turnover of €500 million, the company has a growing presence in seven European countries and an average annual growth of 27% in the last four years.

The Sopra Group established its operations in the UK with the creation of its subsidiary Axway and the acquisition of companies such as Rand Information Systems and Mentor Computer Services. The company has offices in strategic locations around the UK. Sopra Group UK provides consultancy and implementation services to organisations operating in the Insurance, Banking, Utilities, Local and Central Government, Retail, Media and Industrial sectors.

The Percana Group provides mission critical software, outsourcing and consultancy services to the Life and Pensions industry. Percana was established in Dublin, in 1999, by industry experts in the Life and Pensions and Financial Services sectors. Percana's product and service offerings are based on the Eclipse Product Suite, which is used to manage a wide range of Life and Pensions products efficiently, securely and cost-effectively throughout their life cycle

From their outsourcing centre in Dublin, Percana provides an extensive range of IT and administration services to their clients in the International Life and Pensions industry. Additionally, the Percana consultancy wing continues to grow its project management, development and policy conversion service offering having gained a reputation for delivering high quality effective solutions.

For further information please contact:
Nicola Dobson
+44 (0) 1959 568 534