Completes License Sale to AssureNet to Power AssureXchange
January 16, 2001 - Universal Data Interface Corporation (UDICo)
a middleware software company, today announced the signing of a
license and partnership agreement with AssureNet.
data exchange platform, AssureXchange™ , is the first system
in the life insurance industry that allows legacy proposal
data captured at the point of sale to be converted in near
real-time to any output format, including XMLife, SQL, Oracle,
Sybase, and EDI. For the first time in the history of the
industry, AssureXchange gives carriers and agencies alike
the power and ability to mine new business data at the point
of sale, and to exchange new business data with other software
applications, including forms, programs, electronic applications,
agency management systems, and home office systems. The data
analytics made available with AssureXchange will also show
not only the sales made, but proposals that are run but never
submitted, thereby giving a broad sense of customer demographics
and the potential sales marketplace. UDICo's software, the
UDI will be used to power AssureXchange.
flagship product, the Universal Data Interface, is a high-speed
middleware product that converts high volumes of data and
does large-scale transaction management in real time. Its
UDI Design Tool allows the creation of conversion specifications
quickly and easily using a graphical point-and-click interface,
and its Runtime Server can perform conversions and transaction
management according to these specifications on a variety
license sale further establishes UDICo's presence in the insurance
industry," said Adam Greissman, Founder and CEO. "We envisage
the XMLife adaptor we have sold AssureNet to become a standard
language for the Insurance Industry"
an Application Service Provider (ASP) and Data Exchange Platform
delivering business-critical applications over the Internet. AssureNet
is headquartered in Bethesda, Maryland. Additional information about
AssureNet is available at http://www.assurenet.com.
About Universal Data Interface Corporation (UDICo)
UDICo is an emerging leader in the data integration needs of today's
growing businesses. Founded in July 2000, UDICo's goal is "data
without borders" for any enterprise that needs it: data that can
be used quickly, openly, and seamlessly across disparate systems.
This lets IT departments get back to mission critical projects without
requiring the time and trouble to custom code solutions to myriad
middleware problems. UDICo is based in New York City and is privately
held. For more information, visit www.udico.com.