Perot Systems Awarded 5-Year Contract Extension by Old Mutual for IT and Administrative Services
18 August 2009 - 5:00PM
PR Newswire (US)
Agreement Highlights Track Record of Flexible and Scalable
Insurance Solutions PLANO, Texas, Aug. 18 /PRNewswire-FirstCall/ --
Perot Systems Corporation (NYSE:PER) (http://www.perotsystems.com/)
today announced that the company has been awarded a five-year
extension to its current administrative services agreement with Old
Mutual U.S. Life, a national financial services organization. The
agreement extends the current seven-year relationship between the
companies until 2014. Under terms of the agreement, Perot Systems
will continue to provide ongoing insurance policy administration
and IT solutions. "It is an honor to support Old Mutual U.S. Life
and their efforts to help families and businesses achieve secure
financial futures," said Peter Altabef, Perot Systems President and
Chief Executive Officer. "We are committed to helping Old Mutual
U.S. Life grow their business and further enhance the experience of
their customers." The contract extension highlights Perot Systems'
ability to handle fluctuating levels of business while also
providing quality customer service, including call center and
claims support, policyholder and new business administrative
services, as well as product configuration and implementation. "We
look forward to our extended relationship with Perot Systems,"
stated Vic Lumby, Senior Vice President, Client Services and
Technology. "We will continue to rely on their expertise to provide
us with the quality service and cost efficiencies that are vital to
our success." Perot Systems provides end-to-end business process,
consulting, application and infrastructure solutions to the life
insurance and annuity industries through its licensed insurance
subsidiary. The company currently manages more than over 3,000,000
policies for more than 30 leading life insurance and annuity
providers across the world. About Perot Systems Perot Systems is a
worldwide provider of information technology services and business
solutions. Through its flexible and collaborative approach, Perot
Systems integrates expertise from across the company to deliver
custom solutions that enable clients to accelerate growth,
streamline operations and create new levels of customer value.
Headquartered in Plano, Texas, Perot Systems reported 2008 revenue
of $2.8 billion. The company has more than 23,000 associates
located in the Americas, Europe, Middle East and Asia Pacific.
Additional information on Perot Systems is available at
http://www.perotsystems.com/. This press release contains
forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements. For
factors that could affect our business and cause actual results to
differ materially, please refer to our Annual Report on Form 10-K
for the fiscal year ended December 31, 2008, as filed with the U.S.
Securities and Exchange Commission and available at
http://www.sec.gov/, as updated in our Quarterly Reports on Form
10-Q filed after such Form 10-K, for additional information
regarding risk factors. We disclaim any intention or obligation to
revise any forward-looking statements whether as a result of new
information, future developments, or otherwise. MEDIA CONTACTS:
PEROT SYSTEMS CORPORATION Insurance Solutions David Ricketts +1 972
577 3890 DATASOURCE: Perot Systems Corporation CONTACT: David
Ricketts of Perot Systems Corporation Insurance Solutions,
+1-972-577-3890, Web Site: http://www.perotsystems.com/ Company
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