WWK Insurance Group Maximizes Quality Of Client Database With Evoke Axio(TM); Market Leader in Fund-Based Life Insurance Implements Evoke's Axio Solution - Insurance News | InsuranceNewsNet

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April 11, 2005
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WWK Insurance Group Maximizes Quality Of Client Database With Evoke Axio(TM); Market Leader in Fund-Based Life Insurance Implements Evoke’s Axio Solution

 

EAST HANOVER, N.J. and HALLBERGMOOS, Germany, April 5, 2005

Evoke Software Corporation ("Evoke"), a leading provider of data discovery, profiling and quality management software announced today that WWK- Versicherungsgruppe ("WWK") has chosen Evoke Axio(TM) as its data quality solution for data migration projects.

Founded in 1884 in Munich, Germany, WWK has been a market leader in fund- based life insurance while also providing an excellent portfolio of personal, property and casualty insurance policies. Accurate, reliable, trusted data is critical to WWK's day-to-day business. With nearly one million life insurance policies and revenues of 24 billion euros, WWK must ensure the quality and accuracy of customer data held within the current sequentially-organized system is accurately transferred into a relational database.

Working with the Evoke Axio Product Suite, WWK can identify questionable data and adjust it before it causes migration issues. They also can verify key structures and more precisely map source data into target systems using Evoke Axio's column profiling and redundancy profiling features, which allows WWK to accelerate the data analysis part of the project dramatically -- in some cases by a factor of eight times -- offering a significant reduction in project operating costs.

Georg Haupt, WWK's Project Manager, commented, "Evoke Axio provides much more information and a level of analysis not typical of conventional data profiling solutions and techniques. We chose Evoke Axio because it fully meets the project requirements, including ease of use and non-duplication of data - important evaluation criteria not met by other products evaluated. Evoke also offers comprehensive services designed to provide best practices and methodologies to rapidly derive value from this project."

WWK-Versicherungsgruppe

Based in Munich, Germany, WWK Versicherungen is a strong, rapidly growing, independent financial services provider. For decades, WWK has been a market leader in fund-based life insurance while also providing an excellent portfolio of personal, property and casualty insurance policies. As well, focusing on investment projects, WWK Investment S.A. is a part of the WWK organization. WWK also offers a broad range of supplementing products to its more than 10,000 sales partner and over one million customers. On a regular basis, WWK receives top ratings by agencies such as Fitch Ratings, ASSEKURATA, Morgen & Morgen, and Franke & Bornberg. For additional information, visit http://www.wwk.de/ .

About Evoke Software Corporation

Evoke Software Corporation , a subsidiary of Conversion Services International, Inc., is a leading provider of data discovery, profiling and quality management software. The ever increasing dependency for accurate and reliable information to enable enterprise information delivery and decision- making requires automated technology to analyze and profile data prior to delivery. Customers and partners leverage the flagship Evoke Axio product suite to automate profiling and analysis of corporate information assets to streamline data warehouse, business intelligence, data migrations, conversions and customer relationship management initiatives, reducing project lifecycle and cost as much as 90 percent over traditional methods. Evoke Axio is critical to any corporate information technology infrastructure, as a cornerstone in the deployment of accurate, timely and reliable information.

In concert with Evoke's best-in-class product suite, Evoke provides best practices and methodology through its Data Quality Center of Excellence offering to enable readiness and sustainability of enterprise data quality. This unique approach combines people, process and technology to reduce risk, elevate the level of information quality and maximize return on investment.

Based in East Hanover, New Jersey, Evoke has locations throughout the United States and in the U.K. and Germany. For more information, visit http://www.evoke.com/ .

CONTACT:

Evoke Media - Media Relations Counsel, Jeanne Achille of The Devon Group
+1-732-542-2000, ext. 11,
[email protected], or

EvokeSoftware Deutschland GmbH - Eckhard Bogner,
Tel: +49-89-607688 - 21,
Fax: +49-89-607688 - 29,
[email protected]

Web site: http://www.evoke.com/

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