Celent Names Docucorp as an Insurance Market Leader in Document Creation
September 19 2006 - 6:30AM
Business Wire
Docucorp International(R) (Nasdaq:DOCC), a leading provider of
Customer Communication Management (CCM) solutions, announced today
that it was named an insurance market leader in document creation
in Celent's report, "Document Management for Insurers: Overview and
Solution Spectrum." The report, which analyzes the key issues and
components of document management for insurers, defines document
creation as the authoring or automatic generation of a document to
communicate with external parties such as regulators, agents,
policyholders and prospects. "With its huge insurance client base
in North America and Europe and its deep experience in the
vertical, Docucorp is clearly one of the go-to providers of
document creation solutions for insurers," said Matthew Josefowicz,
manager of Celent's insurance practice, and co-author of the
report. "Docucorp is also notable for its significant ASP
business." "Docucorp has been working with insurance carriers for
more than 23 years to meet their document creation and management
needs for policies and related correspondence," said Bruce Dale,
senior vice president, products, Docucorp International. "We
continue to design and update our solutions based on our intimate
knowledge of the industry, ensuring that our solutions address
every stage of the process -- from product definition, distribution
and issuance to billing, service and claims." "Our large client
base and longevity in the market is indicative of how our solutions
enable insurers to successfully manage the complexity associated
with assembling documents for high volume production and
distribution, while providing them with the tools to streamline
data acquisition and monitor version control and compliance," said
Dale. Celent categorized vendors based on the following factors:
self-reported insurance client base; recently reported new client
deals; frequency of citations as a top competitor by other vendors;
and Celent's analysts' opinion. About Celent Celent, LLC is a
research and advisory firm dedicated to helping financial
institutions formulate comprehensive business and technology
strategies. Celent publishes reports identifying trends and best
practices in financial services technology and conducts consulting
engagements for financial institutions looking to use technology to
enhance existing business processes or launch new business
strategies. With a team of internationally experienced analysts,
Celent is uniquely positioned to offer strategic advice and market
insights on a global basis. About Docucorp Docucorp markets
Customer Communication Management (CCM) solutions via a portfolio
of information software, business process outsourcing and
professional services, which enables companies to create, publish,
manage and archive complex, high-volume, personalized information
in-house or fully outsource to Docucorp. The company has an
installed base of more than 1,300 customers, including some of the
largest insurance, utility, financial services and health care
organizations. Headquartered in Dallas, Docucorp has facilities in
Atlanta, Silver Spring, Md., Bedford, N.H., and London, as well as
an international presence in the Benelux, Switzerland, Central and
Eastern Europe, Middle East and Africa regions. Certain information
contained in this news release may include "forward-looking"
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than historical facts,
included herein are forward-looking statements. These statements
involve risks and uncertainties, such as competition, technological
developments, loss of significant customers and the other factors
discussed in the Company's periodic reports filed with the
Securities and Exchange Commission, that could cause the Company's
actual results to differ materially from those expressed or implied
by these forward-looking statements. Docucorp is a registered
trademark of Docucorp International.
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