Mobius Helps Insurers Manage the Explosive Growth of Information to Ensure Compliance While Reducing Operating Costs
November 13 2006 - 8:00AM
PR Newswire (US)
Industry Leader Presents Groundbreaking Enterprise Solutions and
Kicks Off Partnership With Whitehill Technologies At ISOTech 2006
RYE, N.Y., Nov. 13 /PRNewswire-FirstCall/ -- Mobius Management
Systems, Inc. (NASDAQ:MOBI), a leading provider of integrated
solutions for enterprise archiving and records management, today
announced that it is showcasing insurance applications of its
best-in-class products in Booth 103 at ISOTech 2006. The
conference, held at the Gaylord Palms Resort and Convention Center
in Kissimmee, Florida from November 12-14, enables insurance
technology and business professionals to tactically target
opportunities for product enhancement and improved financial
results. ISOTech 2006 serves as the springboard for Mobius's
partnership with Whitehill Technologies, Inc., a prominent supplier
of software for document creation and transformation. Mobius is
featuring its flagship product, ViewDirect(R), which manages
billions of items a year as the "archive of record" for leading
insurance carriers around the world. The high-volume,
high-performance ViewDirect repository ensures the long-term
integrity and availability of these critical corporate assets to
support compliance, legal processes and mission-critical business
operations. ViewDirect Records Manager and ViewDirect E-Mail
Manager are built directly into the ViewDirect archiving engine and
leverage its industry-leading scalability to offer a comprehensive,
integrated solution at significantly lower total cost of ownership
(TCO) than traditional, stand-alone records and e-mail management
systems. Visitors to the Mobius booth will get a first-hand look at
best-in-class applications that streamline and enhance functions
such as delivering information to employees, customers and agents;
processing policy applications; meeting regulatory compliance and
discovery requests; and ensuring the accuracy and integrity of data
in systems ranging from claims processing to investment accounting
to employee benefits. "For years, many of the world's leading
insurance carriers have chosen ViewDirect as their archiving engine
because it provides the high performance, scalability and long-term
integrity they seek," said Neil Weiss, Mobius director of insurance
solutions. "These organizations are now expanding their use of our
solutions to include records management and e-mail archiving to
meet regulatory and legal requirements while reducing operating and
IT costs. And they are realizing dramatically higher efficiencies
in their key business processes by using our insurance-specific
applications to support electronic communication with customers and
agents. "Our partnership with Whitehill offers additional value to
our customers," Weiss continued. "Whitehill is the leading document
composition vendor in the insurance business, handling the creation
of complex and high-volume documents, and repurposing the data
trapped in policy administration and other legacy systems.
Together, we offer a complete document lifecycle capability, from
creation through archiving, presentment and disposition." Bassam
Zarkout, Mobius director of records management solutions and a
noted thought leader on this topic will speak at ISOTech 2006 in a
Technology Showcase entitled "Enterprise Records Management for
Insurance: Myths and Facts" on November 14 at 12:45 pm. About
Whitehill Whitehill Technologies, Inc. (
http://www.whitehilltech.com/ ) develops and implements document
and compliance automation solutions that help customers accelerate
key business processes. Whitehill's software helps insurers, law
firms and other businesses personalize and accelerate the way they
communicate with customers, getting the right information into the
hands of the right people. More than 1,000 customers in 45
countries have used Whitehill software, including half of the
largest 100 insurers in North America and two thirds of the largest
250 law firms in the world. Whitehill is a privately held company
with more than 200 employees in Canada, the United States and the
United Kingdom. Whitehill is headquartered in Moncton, New
Brunswick, Canada. About Mobius Mobius Management Systems, Inc. (
http://www.mobius.com/ ) is the leading provider of integrated
solutions for records and content management. The company offers a
comprehensive software suite that integrates content across
disparate repositories, supports regulatory compliance, and
provides content- enabled applications that automate business
processes. Mobius solutions have achieved industry-wide recognition
for breadth of functionality, breadth of supported formats, and
high-volume, high-demand performance. The Mobius customer base is
made up of leading companies across all industries, including more
than sixty percent of the Fortune 100. The company, founded in
1981, is headquartered in Rye, New York, with sales offices in the
U.S., Canada, the United Kingdom, France, Germany, Italy, Sweden,
the Netherlands, Switzerland, Australia and Japan, as well as a
network of agents in Central and South America, Europe, Middle
East, Africa and Asia. Statements contained in this release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve risks and uncertainties. In particular, any
statements contained herein regarding expectations with respect to
future sales and profitability, as well as product development
and/or introductions, are subject to known and unknown risks,
uncertainties and contingencies, many of which are beyond the
company's control, which may cause actual results, performance or
achievements to differ materially from those projected or implied
in such forward-looking statements. Important factors that might
affect actual results, performance or achievements include, among
other things, market acceptance of Mobius's products, ability to
manage expenses, fluctuations in period to period results,
seasonality, uncertainty of future operating results, compliance
with the Sarbanes-Oxley Act, long and unpredictable sales cycles,
technological change, extended payment risk, product concentration,
competition, international sales and operations, expansion of
indirect channels, increased investment in professional services,
protection of intellectual property, dependence on licensed
technology, risk of product defects, product liability, management
of growth, dependence on executive management, other key employees
and subcontractors, concerns about transaction security on the
Internet, changes in accounting for employee stock options, general
conditions in the economy and the impact of recently enacted or
proposed regulations. These risks and uncertainties are described
in detail from time to time in Mobius's filings with the Securities
and Exchange Commission, including its Annual Report on Form 10-K,
filed on September 11, 2006, and its Quarterly Reports on Form
10-Q. Mobius accepts no obligation to update these forward-looking
statements and does not intend to do so. ViewDirect is a registered
trademark of Mobius Management Systems, Inc. All other trademarks
are property of their respective owners. DATASOURCE: Mobius
Management Systems, Inc. CONTACT: Abby Pinard of Mobius Management
Systems, Inc., +1-914-921-7323, or , or Erika Hoeft, Media
Relations, of Ruder-Finn, +1-312-329-3913, or Web site:
http://www.mobius.com/ http://www.whitehilltech.com/
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