Pitney Bowes Business Insight Recognized as a Leading Vendor in Celent’s 2011 North American Insurance Software Deal Trends
May 26 2011 - 8:55AM
Business Wire
Pitney Bowes Business Insight, a global leader in customer data,
analytics and communication software and services, today announced
it has been named a leading technology provider in Celent’s 2011
Insurance Software Deal Trends report in the Infrastructure and
Financial category, a result of the overwhelming number of
contracts signed in 2009 and 2010. Celent also named Pitney
Business Insight as one of the top 20 companies in the firm’s
“Traction Index” for 2011 for the second year in a row.
“Today, organizations across all industries are seeking the
ability to build and maintain lifetime customer relationships,
while reducing operational inefficiencies and minimizing risk.
Pitney Bowes Business Insight has remained committed to providing
products and services that enable just that. It is through these
efforts that we’ve continued to be selected by insurance companies
and others for our products,” said Dave Towers, vice president,
Financial Services & Insurance, Pitney Bowes Business Insight.
“It’s great to see that the benefits we bring to organizations have
garnered us additional recognition from Celent.”
The report analyzes a total of 1,764 software deals from 45
vendors that occurred between January 1, 2009 and December 31,
2010. Approximately 62 percent of the transactions analyzed were
attributed to the property and casualty industry and the remaining
were attributed to the life, annuity and health industry. The
report also analyzes leaders in three meta-categories where Pitney
Bowes Business Insight was among the top vendors within the
infrastructure and financial meta-category.
"The data set in Celent's 2011 Deal Trends report provides what
we believe is the most comprehensive analysis available about
recent insurance software buying patterns," said Karen
Monks, report co-author and analyst, Celent. "Each year the number
of vendors participating increases, which provides Celent and
readers with a good representation of the deal activity
in the insurance software market. For the insurer and the vendor
alike, this data provides insight into who are the top volume
generating vendors in several software categories. The report also
highlights trends regarding the buying patterns of insurers over
the past two to four years."
Pitney Bowes Business Insight provides location intelligence and
customer intelligent technologies to insurance companies seeking to
improve strategic decision-making capabilities through new insights
into the marketplace. With these products, Pitney Bowes Business
Insight helps insurers minimize risk, boost efficiency and maximize
profitability.
The Deal Trends report provides readers with a snapshot of
leading software vendors in the insurance vertical and insights
into functions that carriers are targeting for investment. For more
information on Celent's reports, visit www.celent.com.
About Pitney Bowes Business Insight
Pitney Bowes Business Insight, a wholly-owned subsidiary of
Pitney Bowes Inc. (NYSE:PBI), is a software and services company
that helps organizations to acquire, serve and grow relationships
with customers and citizens. The firm’s suite of customer
communications management solutions integrates data management,
location intelligence, sophisticated predictive analytics,
rules-based decision making and cross-channel customer interaction
management to increase the value of every customer communication
while also delivering operational efficiencies.
For more information, please visit www.pbinsight.com and
www.pb.com.
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