Perot Systems Expands IT and Administrative Services Relationship With 5Star Life Insurance Company
Product Expansion Highlights Perot Systems' Commitment to Group Benefits Market
PLANO, Texas, May 20 /PRNewswire-FirstCall/ -- Perot Systems Corporation (NYSE: PER)(http://www.perotsystems.com/) today announced it has been awarded an expansion to its current IT and administrative services agreement with 5Star Life Insurance Company, a leading provider of life insurance for military personnel, federal civilians and their dependents. The expansion agreement calls for Perot Systems to assist 5Star with the launch of two new products, one for critical illness and another for group term life. The new product launch will continue to strengthen 5Star's position in the group benefits market. Financial terms of the agreement were not disclosed.
"We are excited at the opportunity to further enhance 5Star's portfolio," stated Perot Systems Executive John Vonesh. "We are also proud to expand our long term relationship with 5Star and continue to help them deliver high quality products to market."
The agreement highlights the quality of service and speed in the development and roll-out of new products Perot Systems has provided 5Star.
"We look forward to continuing to build on our relationship with Perot Systems," stated Bryan Chrisman, National Director of Worksite Marketing for 5Star. "We have significantly improved our product quality and speed to market through the help of Perot Systems as well as increased our presence in the group benefits market."
Perot Systems provides end-to-end business process, consulting, application and infrastructure solutions to the life insurance and annuity industries. The company currently manages 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
david.ricketts@ps.net
