03 Dec, 2014
Plano, TX – December 3, 2014 – se2, a top provider of outsourced business technology and processing solutions for the life and annuity industry and NTT DATA, Inc., a leading global IT services provider, today announced an expanded relationship. Under the agreement, NTT DATA will acquire a minority interest in se2 Holdings, Inc., the holding company for se2 and a subsidiary of Security Benefit Corporation, bolstering the life and annuity solutions and services delivery capabilities of both organizations and extending their existing long-term relationship. In addition, John McCain, President and CEO, NTT DATA, Inc., and Jim Milde, President, Financial Services and Insurance, NTT DATA, Inc., will join the se2 Holdings board of directors.
“Insurance companies are under enormous competitive pressure to transform themselves, which is requiring accelerated adoption of consumption-based solutions such as: Software-, Platform- and Business Process-as-a-service,” said Mike Sarantopoulos, Senior Vice President, Insurance, NTT DATA, Inc. “The se2 NTT DATA partnership helps companies effectively manage the complex migration to digital business with innovative solutions and services that enable the right balance of legacy modernization and digital transformation.“
“The strengthened and expanded relationship with NTT DATA enables further growth for se2 by providing added scale in delivery, operations and technology expertise,” said Eric Rea, President, se2. “Jointly, we can continue to provide insurance carriers with a competitive advantage through our innovative solutions and experienced professionals.”
se2 provides business technology and processing solutions for the financial services and retirement planning sector. se2 offers service end-to-end for life and annuity processing with an award-winning state-of-the-art technology platform and an astute understanding of regulatory compliance issues unique and specific to the financial services industry. se2’s life and annuity acumen, coupled with its dedicated processing capabilities, places it in the forefront of the business processing outsourcing (BPO) industry. se2’s technology platform has been recognized as an industry-leading innovation by the Computerworld Honors Program and the CIO 100 Awards. For more information, visit www.se2.com.
About NTT DATA
NTT DATA is your Innovation Partner anywhere around the world, with operations in more than 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services from consulting, application services, business process and IT outsourcing to cloud-based solutions.
Visit www.nttdata.com/americas to learn how our consultants, projects, managed services, and outsourcing engagements deliver value for a range of businesses and government agencies.