Major Investment Provider to deploy Eclipse

Dublin - 31 August 2007

Percana Group is pleased to announce that a leading investment provider is to deploy its Eclipse enterprise product suite. This new Eclipse license agreement consolidates Percana’s position as a leading solution and outsourcing provider to the Life and Pensions industry.

Eclipse was selected as the optimum system to support the company’s life insurance products and processes after a detailed evaluation of all options available in the market.

Percana’s Eclipse product suite is an integrated Front, Middle & Back office enterprise platform, which manages the complete range of Life and Pension products over the full policy life cycle. Eclipse is a highly flexible, scalable and robust system designed and built using up to date client server technologies for the Life and Pensions market, which currently faces numerous challenges as the competitive landscape alters and new regulations come into force. Eclipse is unique in that it has been designed and built with Internet connectivity as a core delivery mechanism and uses XML throughout to accomplish both component integration and interfaces to external systems

Paul O’Kane, Executive Chairman of Percana commenting on this new deal said, “ We are delighted to have been selected by this company as their preferred technology partner. It was a very rigorous tender process, which saw us compete against some of the main system providers in the market. The fact that we were successful in our bid to win this project is testament to the fact that Eclipse is one of the most impressive packages in the market, rich in functionality and built in a solid and robust manner to ensure that our clients experience maximum operational efficiencies.”

“We look forward to building a strong and cohesive relationship with our new client and helping them grow their business in the coming months and years. We will be announcing another new client shortly and we are also in discussions with a number of domestic and international providers. Eclipse is now recognized as one of the leading policy administration solutions in the market. This can be attributed to the excellent team of technical and business Life and Pension experts in Percana who have played an instrumental role in Eclipse’s development as a world-class platform.”

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