Partnership gives insurers and financial services clients the best of both worlds by combining business acumen with technology “chops.”
Hartford CT – May 19, 2014 – NEOS, a management consulting firm that helps clients innovate business solutions to legacy problems, and Ness Technologies, a recognized global leader in software product and platform engineering, today announced a strategic partnership focused on the insurance industry’s need to solve critical business issues. NEOS will partner with Ness to integrate its deep insurance and business domain expertise with Ness’ industry-leading agile software engineering methods, providing insurance clients with the solutions needed to drive revenue, reduce cost, and provide exceptional customer service.
“The NEOS-Ness partnership was developed to fill a clear gap in the current consulting services landscape. By combining NEOS’ strategic business acumen with Ness’ unparalleled software engineering methods, we are presenting an extremely compelling consulting option to our insurance and financial services clients,” says Ernst Renner, NEOS Managing Partner. “Through this partnership we are better positioned to assist clients move beyond their legacy product, process, and system constraints.”
The collaboration between NEOS and Ness will focus initially on the Business Process Management (BPM) space, where over 50% of large system implementations regularly run significantly over budget and about 30% fail to deliver on the original business case. Proprietary NEOS methodologies will diagnose the vulnerabilities of in-flight implementations and, for clients still in the planning stages, will optimize the program for success. Ness Technologies’ proven agile development techniques will reduce the time to deployment, delivering business value and reducing Total Cost of Execution (TCE).
Mathew Lee, Sr. VP & GM for Global BFSI, Ness Software Engineering Services, noted that Ness’ industry-leading agile software engineering methods was the ideal match for NEOS’ extensive experience in the Insurance domain. He said, “Increasingly, we are seeing new avenues to apply our world class software engineering expertise, especially in the BFSI industry. The partnership with NEOS combines their deep business process expertise with our technology and innovation capabilities to help our clients gain competitive advantage. We are extremely excited about the value we can bring to our clients by working together.”
NEOS and Ness plan to extend the partnership to cover additional industries such as information media and healthcare.
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.
Ness Software Engineering Services is a recognized global leader in software product and platform engineering. Ness is the partner of choice for companies who differentiate their products and services through commercial grade, value added software. Ness delivers competitive advantage through shorter time to market, more engaging user experience and higher productivity, drawing on more than a decade of product engineering expertise along with world class distributed agile practices, innovation through emerging technologies and cutting edge mobile experience engineering. Ness has cultivated long-term client partnerships with leading companies who value a culture of engineering excellence, transparency and co-innovation.
Ness employs 6500+ people who work alongside clients in North America, Europe and Asia and operate technology and design centers in India, Slovakia, Czech Republic, Romania, UK, Israel and the U.S. Ness has more than 500 clients including many Fortune 1000 and Software 500 companies in key vertical markets including education, media & publishing, financial services, travel, transportation & entertainment, retail, sports, software and high end technology. Ness Software Engineering Services is a division of Ness Technologies, a private company fully owned by The Rohatyn Group.