Ness Technologies strikes a strategic deal with NEOS
The partners will combine their expertise to tackle the needs of the insurance industry
Ness Technologies, a global product engineering solutions provider has entered into a strategic partnership with NEOS, a management consulting firm, in a bid to address the needs of the insurance industry worldwide. The partnership will have Ness teaming up with NEOS to come up with solutions needed to drive up revenue and also provide exceptional customer service.
Paul Lombardo, President, Ness Software Engineering Services noted that Ness’ industry-leading agile software engineering methods was the ideal match for NEOS’ extensive experience in the domain. He said, “At Ness we are always looking towards taking our expertise in software engineering market to new avenues. With NEOS we found a partner willing to take on the challenges in the insurance industry. Given Ness’ unparalleled commitment to quality, we are sure that together we will be able to address the ever changing landscape of this industry.”
Ness will use its superior technological know-how to ensure growth, decrease the time of deployment, reduce costs and bring down Total Cost of Execution (TCE). NEOS methodologies will diagnose the vulnerabilities of in-flight implementations and will design the program for success. The main focus of the initial phase of the collaboration will be on Business Process Management (BPM) space. It is here where over 50% of large system implementations regularly run significantly over budget and about 30% fail to deliver on the original business case.
Ernst Renner, NEOS Managing Partner said, “The NEOS-Ness partnership was developed to fill a clear gap in the current consulting services landscape. We are better positioned to assist clients move beyond their legacy product, process, and system constraints.”
NEOS is a management consulting and technology services firm specializing in the global insurance and financial services industries with deep experience in holistic modernization, enterprise data and business operations consulting. Clients range from large multi-line companies to more specialized providers. Solutions encompass legacy product and closed block management, operational and IT risk, and business-technology strategy. Services include process, organizational and operational consulting, enterprise architecture strategies and design, deployment and data analysis.
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Rekha Menon
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