RED OAK SOFTWARE SIGNS CONTRACT WITH LARGE NORTH AMERICAN INSURANCE COMPANY
MOUNTAIN LAKES, NJ, December 15, 2009
– Red Oak
Software, Inc.,a leader in Application Integration solutions,
announced today that it has entered into a material agreement with a
major North American insurance company. Revenue from the recently
signed contract will be recognized in the current quarter.
As in most industries, insurance companies gain a significant
competitive edge by providing superior customer service. The company
sought a solution that would allow it to more rapidly develop new
applications that would both improve service to their customers and
reduce operational costs. This new agreement is a major extension of
a solution in place since 2006 utilizing Red Oak’s Legacy Integrator
suite of products. By implementing Legacy Integrator, the company
has deployed numerous enterprise-class solutions over the last three
years that automate the creation and deployment of legacy business
objects. Executing this agreement significantly expands their use of
an industry-leading solution that has delivered value continuously to
some of the world’s largest organizations.
The insurance company will be further simplifying, automating and
integrating customer service processes. Their goal is to reduce
costs even further, provide better access to legacy application
functionality and continue to deliver the best customer service in
their industry.
With continuing momentum for Red Oak integration solutions in the
financial services, healthcare and telecommunications verticals,
there is now significant renewed interest from the insurance
industry. The agreement is a substantial contract with an
industry-leading insurance company that follows similar investments
in Red Oak technology by other insurance leaders. Companies in this
vertical have a strong focus on improving customer service and
enhancing the overall customer experience. All of these objectives
can be successfully accomplished utilizing Red Oak Software
solutions and expertise.
About Red Oak Software, Inc.
Since 1999 Red Oak has specialized in creating leading edge
Transaction Integration™ solutions for production legacy and
web application systems. Each of Red Oak’s products includes a
Workbench and a Runtime Server that enables all major legacy and
web-based applications to be integrated seamlessly with all major
enterprise application systems. These products also provide
customers with fast, efficient programmatic connectivity to all
major middleware systems.
Red Oak designs, develops, sells and supports this portfolio of
server-based integration solutions under the umbrella of their
Application Integration Framework. Their current AIF™ products
include:
| Web Clipper |
Automated creation and deployment of web clipping portlets |
| Web Integrator |
Integrate HTML and XML application transactions |
| Legacy
Integrator |
Integrate 3270, 5250 and VT application transactions |
| Legacy Composer |
Integrate application transactions from IBM and Unix/Linux systems |
| Legacy Navigator |
Process modeling solution for integrating complex legacy transactions |
| Unisys
Integrator |
Integrate Unisys host application transactions |
| HP Integrator |
Integrate HP midrange host application transactions |
| .NET Bridge |
Integration adapter solution for above to Microsoft .NET systems |
Leading industry analysts refer to this high value application
integration market segment as Programmatic Integration.
These non-invasive bi-directional, efficient and scalable solutions
can be integrated with a myriad of other systems.
Red Oak is a privately-held corporation, financed through venture
capital from Opticality Ventures of New York. The company is
headquartered in Mountain Lakes, New Jersey. Additional information
is available at: Red Oak Software, Inc., 115 Route 46, Suite F1000,
Mountain Lakes, New Jersey 07046; Phone: 973-316-6064; email: info@redoaksw.com; or at the Web
site: www.redoaksw.com.
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