Perot Systems Earns Fourth Award in Five Years
PLANO, Texas, May 22 /PRNewswire-FirstCall/ -- Perot Systems
Corporation (NYSE: PER) today announced that the company and its client,
National Life Group (NLGroup), are the recipients of the "Best First Steps"
award in the distinguished 2008 Outsourcing Excellence Awards. Sponsored
annually by the Everest Group and Forbes magazine, these awards honor the
most outstanding outsourcing relationships worldwide. Perot Systems also
received the "Best Partnership" ranking this year along with Harvard
Pilgrim Health Care.
This is the third straight year that Perot Systems has received an
award, the fourth in five years, and is the first Outsourcing Excellence
Award for National Life Group. Previously, Perot Systems received the "2004
Best Partnership" top honor with Owens & Minor, the "2006 Best ITO" with
Vanguard, and the "2007 Best Partnership" with Old Mutual Financial Network
(OMFN).
"Our connection with Perot Systems is very strong today, reflecting how
much we have grown and accomplished together in the past two years," states
Frank Costantino, vice president and chief technology officer, NLGroup.
"They worked with us through some difficult challenges, and we have an
excellent relationship as a result. We built a mutual trust that was based
on open communication, honesty and hard work."
The "Best First Steps" award, for relationships younger than one year
of working together beyond transition, is given to the relationship the
judges believe is the most outstanding example of companies structuring
their outsourcing arrangement on foundational best practices that will lead
to a successful relationship that can transition through challenges and
keep the parties' interests aligned as change occurs over the length of the
contract. Perot Systems and NLGroup were selected by a panel of industry
experts after a rigorous review of all components of relationship structure
as well as challenges and outcomes achieved within the first year.
"Our approach and commitment to NLGroup is something we are very proud
of, and something we bring to every client relationship," said John Vonesh,
president of Perot Systems' insurance and business process solutions group.
"This kind of commitment requires much of each organization, but it can
yield great rewards if we trust each other throughout the process in a true
spirit of cooperation."
"The judges deemed this relationship as the Best First Steps because of
the way Perot Systems and NLGroup built mutual trust early in their
relationship and the way they jointly worked through the challenges of
missing data and other issues arising during NLGroup's migration from a
prior service provider and failed relationship." said Debra Floyd, COO,
Outsourcing Center and Director, Outsourcing Excellence Awards program.
"By working together we were able to overcome some early obstacles,
which makes us even more proud of the award as a testament to the strength
of our relationship," added Bruce Palmer, Perot Systems client executive
for NLGroup.
Stories of the winning relationships, published by Outsourcing Center,
will be available online in the August issue of Outsourcing Journal
(http://www.outsourcing-journal.com).
Perot Systems provides third-party administration (TPA) and BPO
solutions, infrastructure outsourcing, and applications solutions to the
life, annuity and health insurance markets. Perot Systems also administers
three million life and annuity contracts (both active and closed block) for
over 30 leading carriers.
About Outsourcing Excellence Awards
The Outsourcing Excellence Awards recognizes the world's most superior
outsourcing arrangements, which demonstrate best practices in creating and
sustaining competitive advantage and business transformation and achieve
value and mutual benefit that increase over time for the client and service
provider. The annual awards program is conducted by Outsourcing Center, an
online community specializing in thought leadership, best practices, and
innovation in outsourcing. The program is sponsored by Everest Group, who
helps companies create customized sourcing strategies and outsourcing
relationships that are tailored to their specific situations, and by Forbes
Special Sections.
About Outsourcing Center
Outsourcing Center, an Everest Group company, is a free online
educational community that provides resources focused on outsourcing as a
strategic tool to achieve high-value business objectives. Specializing in
thought leadership, best practices and innovation in outsourcing, this
authoritative and popular portal hosts research and white papers, case
studies, the Outsourcing Journal, market analysis and a variety of other
references and databases. For more information, please visit
http://www.outsourcing-awards.com and http://www.outsourcing-center.com.
About National Life Group
National Life Group(R) is a dynamic and growing family of financial
service companies unified in fundamental values and purpose, but
differentiated by specialty, structure and size. Companies and affiliates
of National Life Group operate from locations throughout the United States
and offer products and services which help individuals and businesses meet
their financial goals. The members of National Life Group include National
Life Insurance Company, Life Insurance Company of the Southwest, Sentinel
Asset Management, Inc., Equity Services, Inc. and National Retirement Plan
Advisors.
About Perot Systems
Perot Systems is a worldwide provider of information technology
services and business solutions. Through its flexible and collaborative
approach, Perot Systems integrates expertise from across the company to
deliver custom solutions that enable clients to accelerate growth,
streamline operations and create new levels of customer value.
Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of $2.6
billion. The company has more than 23,000 associates located in North
America, Europe, MENA and Asia. Additional information on Perot Systems is
available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject
to known and unknown risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by such
statements. For factors that could affect our business and cause actual
results to differ materially, please refer to our Annual Report on Form
10-K for the fiscal year ended December 31, 2007, as filed with the U.S.
Securities and Exchange Commission and available at http://www.sec.gov/, as
updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K,
for additional information regarding risk factors. We disclaim any
intention or obligation to revise any forward-looking statements whether as
a result of new information, future developments, or otherwise.
Media Contacts:
Perot Systems
Corporation
Alex Rapp
+1 972 577 7808
alex.rapp@ps.net
Karen Modlin
+1 972 577 3597
Karen.Modlin@ps.net
SOURCE Perot Systems Corporation
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Related links:
http://www.perotsystems.com
http://www.prnewswire.com/comp/122686.html/
CONTACT:
Alex Rapp, +1-972-577-7808, alex.rapp@ps.net,
or Karen Modlin, +1-972-577-3597, Karen.Modlin@ps.net, both of
Perot Systems Corporation
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