SOURCE: Versata

Versata

April 05, 2010 17:00 ET

Versata Receives Positive Rating in Leading Analyst Firm's Report on EIM Solutions for Insurance

AUSTIN, TX--(Marketwire - April 5, 2010) -  Versata Enterprises announced today that Gartner, Inc. assigned a rating of "Positive" for Versata's Insurance-specific Enterprise Incentive Management (EIM) application, Versata Distribution Channel Management (DCM), in its December 2009 MarketScope for Insurance Incentive Compensation Management Applications. Versata considers this rating as further confirmation of why many of the largest Insurance and Brokerage companies in the world choose Versata's DCM solution, including several Fortune 1000 customers. DCM centralizes payment of compensation across multiple channels and lines of business and streamlines all aspects of the producer life cycle.

"We believe Versata is uniquely positioned to address the compensation and distribution challenges of the Fortune 1000 Insurance Customers. We offer the most comprehensive EIM solution in the Insurance Industry and we view the recent Gartner report and rating as an acknowledgement of our DCM strategy. We continue to be one of the most successful and profitable EIM software vendors in the Industry and, with the addition of several strategic customers in 2009 and 2010, we are looking forward to a very promising year ahead," said Leela Kaza, General Manager, Versata Financial Services.

"Versata's dedicated customer focus, vast industry knowledge, and versatile product functionality are key reasons Versata has a growing client list, strong sales and very successful customers. Large insurers increasingly value speed-to-market, simple upgrade processes and Versata's ability to accelerate implementations, which reflects a distinct value to potential customers. Our recent sales and deployments validate the strength of our solution," said Frank Kopas, Versata's Senior Vice President of Sales.

The complete MarketScope for Insurance Incentive Compensation Management Applications, authored by Steven Leigh can be viewed by Gartner clients at www.gartner.com.

About the Gartner MarketScope
The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors' measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Versata Enterprises, Inc.
With a global presence in 45 countries from North America to Europe and Asia, Versata Enterprises, Inc. provides solutions for automating and simplifying the building, maintenance and ongoing evolution of large, complex, data-intensive enterprise applications and for managing and auditing product and asset portfolios. Additionally, Versata's business rules solutions effectively and efficiently replace time-intensive hand-coding efforts with simple, intuitive business rules and graphical process flow specifications, thereby accelerating implementation timing and enabling customers to deliver targeted functionality and integration. Coupled with Versata's Customer Success Program whereby customers define criteria for a successful relationship and Versata commits to delivering them, the Versata portfolio is the leading option for business and IT organizations looking to deliver business value and lower cost to their customers. Further information is available at http://www.versata.com.

1. Gartner, Inc., "MarketScope for Insurance Incentive Compensation Management Applications", Steven Leigh, December 16, 2009

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