Perot Systems Awarded 10-Year Contract Extension for Swiss Re IT and Administrative Services
Long-Term Agreement Highlights Perot Systems' Commitment to the Insurance Industry
PLANO, Texas, March 18 /PRNewswire-FirstCall/ -- Perot Systems Corporation (NYSE: PER)(http://www.perotsystems.com/) today announced that it has been awarded a 10-year extension to its current administrative services agreement with Swiss Re, a leading and highly diversified global reinsurer. The agreement further strengthens the decade long relationship between the companies. Under terms of the renewal agreement, Perot Systems will continue to provide ongoing administrative and business process services, including support for new Swiss Re acquisitions, customer service and transaction processing through Perot Systems LifeSys(TM) full service policy administration platform.
"We are committed to helping Swiss Re continue its outstanding record of success in the Life and Health insurance segments," said Peter Altabef, Perot Systems President and CEO. "We are proud to be Swiss Re's trusted administrative services provider as it delivers high-quality services to its customers in the years ahead."
The Swiss Re extension highlights Perot Systems' long-term commitment to helping its clients achieve success in the insurance industry.
"We look forward to continuing to build on our relationship with Perot Systems," stated Ken Stewart, Managing Director and President of Reassure America Life Insurance Company, a subsidiary of Swiss Re. "Perot Systems is one of our trusted partners and we look forward to another decade of success."
Perot Systems provides end-to-end business process, consulting, application and infrastructure solutions to the life insurance and annuity industries. The company currently manages more than 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.
Perot Systems Corporation
2300 West Plano Parkway
Plano, TX 75075
+1 972 577 0000
www.perotsystems.com
MEDIA CONTACTS:
PEROT SYSTEMS CORPORATION
Insurance Solutions
David Ricketts
+1 972 577 3890
david.ricketts@ps.net
