DGAP-News: COR AG Financial Technologies: COR acquires two new customer orders in the life assurance segment

COR AG Financial Technologies / Contract

10.11.2008

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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COR acquires two new customer orders in the life assurance segment

(Leinfelden-Echterdingen, 10 November 2008) - COR AG Financial Technologies
has gained two new customers for COR-Life, its portfolio management system:
Augsburger Dialog Lebensversicherungs-AG, a company belonging to the AMB
Generali Group, and the Dutch financial services provider Lime Insurance
BV, of Bosch en Duin.

Dialog Lebensversicherungs-AG has replaced its previous portfolio
management system in the course of the collaboration and over the next two
years will migrate its portfolio to the newest SOA version of COR-Life.
Dialog, which sells its products exclusively via brokers, is a leading
specialist insurer for biometric risks in Germany and Austria and offers
high-value and flexible-term life assurance and occupational disability
insurance.

As well as COR-Life, COR is providing Lime Insurance BV with an extensive
suite of applications designed for the life insurance business. In
addition, the group subsidiary COR application service providing GmbH is
responsible for the entire computing centre operations of these software
systems. In future, Lime will offer its full range of unit-linked life
assurance products on the German market. The project makes clear the
strategy that COR is following, namely to submit the ASP offer for COR Life
to foreign insurance companies in particular, thereby guaranteeing
significantly shorter installation periods of just under three months.

About COR

COR AG Financial Technologies is one of the leading software and consulting
firms for the European financial services industry and its activities are
focused mainly on banks and insurance companies. Its service spectrum
encompasses specialist and technical consulting services, a broad spectrum
of standard software products, and the assumption of IT operations
(Application Service Providing).

The COR Group has its headquarters in Leinfelden-Echterdingen, near
Stuttgart, and employs around 500 people at locations in Germany,
Switzerland and Slovakia. The last financial year was the most successful
in the company’s history so far, with sales of EUR 41.3 million and EBT of
EUR 4.7 million. For the current financial year, COR is aiming for turnover
of EUR 60.0 million and pre-tax earnings of EUR 6.7 million.

Contact

COR AG Financial Technologies
Corporate Communications
Karlsruher Straße 3
D-70771 Leinfelden-Echterdingen
Tel.: +49 711 94958-0
E-mail: info@corag.de
Internet: http://www.corag.de
10.11.2008 Financial News transmitted by DGAP

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Language: English
Issuer: COR AG Financial Technologies
Karlsruher Straße 3
70771 Leinfelden-Echterdingen
Deutschland
Phone: +49(0)711-94958-0
Fax: +49-(0)711-94958-49
E-mail: ir@corag.de
Internet: www.corag.de
ISIN: DE0005083208
WKN: 508320
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, Hamburg, Düsseldorf

End of News DGAP News-Service

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