Edgewater and FAST Partner to Provide Process Centric Policy Administration
for Insurance Providers
WAKEFIELD, Mass., April 16, 2013 (GLOBE NEWSWIRE) -- Edgewater Technology,
Inc. (Nasdaq:EDGW), a leading consulting firm that brings its clients a blend
of classic and product-based consulting services, is announcing a partnership
with FAST to deliver next generation solutions to the insurance industry.
"Edgewater and FAST are driving enterprise software development and deployment
to a new level of 'mobile-like' modularization," said Shirley Singleton,
Edgewater's chairman, president and CEO. "By moving from monolithic systems
development and deployment to loosely coupled process-driven modules,
insurance companies are better positioned to manage risk as they look to
replace and refresh legacy policy administration systems either piecemeal or
as a whole."
Edgewater's process-centric approach to requirements and design aligns
directly with FAST's development and delivery model. Coupling FAST's
process-driven modules with Edgewater's growing cloud-based services creates a
shared vision of the future for Insurance software development and rollout.
FAST, which stands for "Flexible Architecture, Simplified Technology", is a
privately-held company located in Edison, NJ founded by the former leaders of
NaviSys. FAST has built the first business process-driven suite of
pre-configured components for insurers (life/health and P&C) and distributors.
FAST takes configuration to the next level and provides a sophisticated
configuration governance model. The components are offered individually in an
App store format or as packages for Policy Administration, Distribution
Management, Portal and Case Management.
Edgewater Technology, Inc. (Nasdaq:EDGW) is a strategic consulting firm
delivering a blend of classic consulting and product-based consulting
services. Edgewater addresses the market both vertically by industry and
horizontally by product and technology specialty, providing its client base
with a wide range of business and technology solutions. As one of the largest
IT consulting firms based in New England, the Company works with clients to
reduce costs, improve processes and increase revenue through the judicious use
of technology. Edgewater's brand names include Edgewater Technology, Edgewater
Consulting, Edgewater Ranzal and Edgewater Fullscope. To learn more, please
CONTACT: Edgewater Technology, Inc.
Tel (781) 213-9850
Liolios Group, Inc.
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