Press Release

MajescoMastek’s Insurance Platform Certified on IBM’s PureFlex Integrated Computing Platform for Enterprise Scalability

New York, NY, May 30, 2012 — MajescoMastek, the insurance industry’s enterprise application specialists and the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), today announced that it has been named among a select list of IBM business partners certified on IBM’s PureFlex Systems. MajescoMastek’s STG Billing combined with IBM’s integrated computing PureFlex platform offers insurers an attractive ROI as well as the ability to increase profitability through a flexible, scalable, enterprise billing platform.

The certification of STG Billing on IBM’s PureFlex platform included rigorous performance testing with the STG Insurance Platform (on which STG Billing runs) scaling to 2500 concurrent users with 40 million policies, with 95% of all transactions completing in less than 0.5 seconds.

IBM’s PureFlex is an integrated computing system that combines servers, enterprise storage, networking, virtualization and management into a single expert integrated system.

The combined STG Billing/IBM PureFlex offering is provided on IBM Power Systems™ with AIX®, IBM’s industry leading open standards-based operating system, and WebSphere® application server, enabling optimal use of server and storage resources, lower software costs and improved operational efficiency. The combined STG Billing/PureFlex solution achieves reductions in total cost of ownership by allowing insurers the ability to implement a single, comprehensive solution while avoiding multiple vendors and the time-consuming, costly challenges that arise from integration of disparate products. This strong combination provides an unparalleled ‘expandability’ to quickly adjust for changing workload and computing requirements, while leveraging the same infrastructure – lowering complexity and costs to scale as needed.

Commenting on the MajescoMastek STG Billing Solution running on IBM PureFlex System, Laura Voglino, IBM Systems and Technology, VP Marketing and Routes Transformation, said, “IBM was pleased to work with MajescoMastek prior to the availability of the IBM PureFlex systems. It is gratifying to see the MajescoMastek offering perform so well on our new Expert Integrated Systems. The combination of MajescoMastek’s STG Billing solution on our IBM PureFlex System platform successfully scaled to meet the ever-increasing insurance industry’s need for a comprehensive billing solution. This enables insurers to provide higher levels of customer service and achieve competitive advantage through the billing process.”

Voglino continued, “With the successful certification of MajescoMastek STG Billing, coupled with our strong partnership, we anticipate additional MajescoMastek solutions delivered on IBM PureFlex Systems. We expect these upcoming, flexible offerings to provide even greater advantages to insurers.”

MajescoMastek’s Chief Engineer Officer, Stefan Van Overtveldt added, “We are extremely pleased to have a close working relationship and strategic alignment with a world-class organization like IBM. Our strong domain expertise and arsenal of proven insurance solutions, combined with IBM’s expert integrated systems and exemplary computing capabilities are a powerful combination for insurers looking to transform and modernize their operations. The speed and scalability of the PureFlex system, along with MajescoMastek’s STG Insurance Suite, will help insurers quickly deploy new flexible products and revolutionize their billing collections & disbursements processes. This clearly allows us to expand our market to include top Tier 1 insurance companies.”

Given that up to 70 percent of customer service calls to insurance companies are billing related, billing systems and processing are now at the forefront for insurers recognizing that billing is no longer purely a financial issue. Billing now represents an opportunity for competitive advantage through customer service and the frequent and critical customer touch points.

MajescoMastek’s STG Billing is the award winning, leading billing solution with the largest number of installations in the North American insurance market today. STG Billing helps insurance carriers meet their unique business needs by providing users with an impressive breadth of functionality and configurability.

About IBM
For additional information about IBM, please visit www.ibm.com/puresystems.

About Majesco

Majesco is a provider of core insurance technology software and IT services to insurance carriers (P&C and Life, Annuity, Group) globally. Majesco delivers proven software solutions and IT services in core insurance areas including policy administration, billing, claims and distribution.

Media Contact

Majesco
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services
Phone: +1-718-916-6873
Email: tara.dilzeralexander@majesco.com

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