Market Overview

Cover-All Describes Partnership with IBM


Cover-All Technologies Inc. (NYSE: COVR) today announced details of a relationship with Armonk, NY based IBM as an OEM partner for their IBM (NYSE: IBM) Cognos Business Intelligence technology.

As part of the agreement, Cover-All embeds certain IBM Cognos software capabilities into their NexGen Business Intelligence Suite while at the same time, offering these capabilities as part of a single license and support relationship through Cover-All's NexGen Business Intelligence Suite, at a competitive price point.

“Early on, we recognized IBM's leadership position and vast capabilities within the Business Intelligence tools marketplace,” commented Manish Shah, President and CTO of Cover-All. “Merging their revolutionary technology and ours, complemented by our domain expertise within Property & Casualty, we've developed not just a new product, but a whole new way of thinking about Insurance Business Performance Management.”

Cover-All's NexGen Business Intelligence Suite includes a complete technology set from the extraction of data from any core system, through an industrial strength middle-tier designed specifically for global insurance applications. Finally, rich data visualization is accomplished through via a comprehensive set of predefined yet highly configurable dashboards, scorecards, KPIs and reports.

“Top performing organizations are 5.4 times more likely to use an analytic approach over intuition. With Cover-All's inclusion of IBM's leading analytic capabilities they can now help clients gain actionable insights to drive their business,” says Craig Bedell, World Wide Insurance Industry Executive for IBM Business Analytics Software.

“The power of our domain rich capabilities, matched with IBM's industry-leading data-analysis and visualization technology, makes for a truly differentiated product suite,” continued Mr. Shah. “But the revolutionary aspect of this product lies within the inherent flexibility afforded to the business user. We've put an extraordinary amount of configurability in the users' hands, allowing them to build their own views based on information that's relevant to them. Further, our product-oriented approach allows us to deliver these capabilities much faster than traditionally seen in these types of projects.”

Posted-In: News Contracts


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