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February 08, 2016 5:56 AM ET

Software

Company Overview of Vitech Systems Group, Inc.

Company Overview

Vitech Systems Group, Inc. provides administration software to pension, investment, insurance, and health plan administrators worldwide. The company offers V3 System, a browser-based, Java/Oracle, software application that is deployed as an on-premise application or as a hosted or cloud-based solution. Its V3 System enables pension funds and administrators to address the administration requirements, including enrollment, payroll reporting, contributions processing, benefits calculations, benefits payroll, and investment administration; provides insurance organizations with contract, policy, enrollment, billing, pension, annuity, investment, and claim capabilities in a single, integrated appl...

401 Park Avenue South

New York, NY 10016

United States

Founded in 1996

Phone:

212-868-0900

Fax:

212-868-9798

Key Executives for Vitech Systems Group, Inc.

Chief Executive Officer and President
Executive Vice President
Director of Investment Solutions
Associate Director of Global Talent Acquisition
Senior Vice President of Sales
Compensation as of Fiscal Year 2015.

Vitech Systems Group, Inc. Key Developments

The State of Oklahoma Employees Group Insurance Division Goes Live with Vitech Systems Group's V3 Browser Upgrade

Vitech Systems Group announced that the State of Oklahoma Employees Group Insurance Division (EGID has successfully implemented its upgrade of the Vitech V3 System. The implementation included upgrades to the demographics, contributions, enrollment and employer self-service components of EGID's V3 System. The V3 System is a scalable and configurable group administration solution for insurance, retirement and investment organizations. It offers enrollment, billing, benefit administration and payment functionality in a single solution along with a powerful enterprise suite of tools including Workflow, CRM, Self-Service and Business Intelligence.

Vitech Systems Group, Inc. Announces Major National Insurer License the V3® Software

Vitech Systems Group announced that a major national insurer has licensed the V3® software for policy administration, billing and claims processing. The license covers group, voluntary and worksite products including accident, illness, hospitalization, health, disability and life benefits in all 50 states across a large in-house user base supporting millions of policies. The V3 System® was selected for its unique ability to support the full spectrum of group benefit products across all major business functions on a single, integrated platform. The installed system will allow for the consolidation of legacy systems while dramatically enhancing customer service offerings and expanding operating capabilities and flexibility.

Vitech Systems Group, Inc. Hires Stephen Brandt as Senior Vice President of Sales

Vitech Systems Group, Inc. announced that it has appointed Stephen Brandt to the position of Senior Vice President of Sales. Steve comes to Vitech with more than 20 years of experience in benefit and insurance systems marketing, sales, and delivery. Steve comes to Vitech from Blue Cod Technologies, where he served as Vice President of Sales and Marketing. During his tenure at Blue Cod, Steve spearheaded the turnaround of its business through the implementation of a formal sales and marketing platform, resulting in a fourfold increase in sales over a 2 year period. Prior to Blue Cod, Steve was the Executive Vice President and Head of Global Sales and Marketing at SunGard Insurance, increasing sales by over 65%.

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