Technology to support development of industry standards
in Property & Casualty
DALLAS - January 22, 2002 - Docucorp® International (Nasdaq:
DOCC), a leading provider of enterprise information solutions,
announced today that it has reached an agreement to acquire the
exclusive rights for a standards-based insurance transaction
processing data model technology from Thazar Solutions Corporation.
Thazar Solutions is a leading provider of business intelligence
solutions and analytic applications for the P&C insurance
industry.
"The insurance industry is poised for a new wave of investment in
e-solutions using the Internet, intranets and extranets. Standards
are critical to the growth and acceptance of these e-solutions in any
market, and especially the insurance market," said Michael D.
Andereck, Docucorp's president and CEO. "The Thazar transaction
processing data model fills this need. It will enable Docucorp to
offer the P&C industry a standard data model capable of
exchanging information between agents and carriers. This further
enhances our e-commerce solutions for the insurance marketplace."
"We believe Docucorp is in an excellent position to leverage this
transaction processing data model technology and extend the data
standards that Thazar has developed over the past five years in ways
that will make it easier for agents, carriers and vendors to share
information electronically. Thazar remains committed to developing
and proliferating data standards for P&C insurance and will
continue to do so through the development of enterprise data models,
data warehouse templates and business intelligence solutions," said
Thomas R. Chesbrough, president and CEO of Thazar Solutions.
Along with filling the critical need for data modeling standards
in the P&C industry, Docucorp will also leverage the Thazar
transaction processing data model to enhance document-centric
solutions, including thin-client data capture via forms, server-based
policy and document assembly, and Web delivery of insurance
information. Additional offerings will include the following:
Industry-standard electronic forms libraries, including formats
that can be deployed over the Web, as well as traditional print An
industry-standard electronic forms data acquisition solution that
will support information from disparate systems A method to translate
standard documents into both data and XML messages Translations from
industry standard data and XML messages into an enterprise database
Publishing solutions using standard XML mappings and electronic forms
Expanded offerings at The Form Spot™, a Docucorp-sponsored site
providing ACORD forms
"As the industry searches for new ways to reduce time to market,
lower costs and extend product offerings, the easy exchange and reuse
of data will become increasingly important," said Andereck. "With the
acquisition of this transaction processing data model, we enhance our
leadership position in providing solutions that help insurance
companies leverage their existing information assets, while preparing
them to take advantage of new standards and technologies as they
become available."
About Thazar Solutions
Thazar Solutions Corporation is a leading provider of business
intelligence solutions and analytic applications for the property and
casualty insurance industry. Thazar's INSsight™ Business
Intelligence Suite enables insurers to monitor and analyze marketing,
underwriting and claims to make informed strategic decisions and
improve results. Founded in 1996, the company is privately held and
headquartered in Kansas City, Mo. For more information, visit
www.Thazar.com.
About Docucorp
Docucorp is the authority in providing dynamic solutions for
acquiring, managing, personalizing and presenting enterprise
information. Servicing the entire enterprise information lifecycle,
Docucorp's information application software, application service
provider (ASP) hosting and professional consulting services enable
companies to implement solutions in-house or fully outsource to
Docucorp. The company has an installed base of more than 1,200
customers, including many of the largest insurance, utility and
financial services organizations.
Headquartered in Dallas, Docucorp has major facilities in Atlanta
and Silver Spring, MD. The company also maintains offices in London,
Portland, ME, and Bedford, NH.
Certain information contained in this news release may include
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other than
historical facts, included herein are forward-looking statements.
These statements involve risks and uncertainties, such as
competition, technological developments, loss of significant
customers and the other factors discussed in the Company's periodic
reports filed with the Securities and Exchange Commission, that could
cause the Company's actual results to differ materially from those
expressed or implied by these forward-looking statements.
To read more about Docucorp please visit www.docucorp.com