Aegon deploys DST's BPM

DST Global Solutions, a solutions provider to the global financial services industry, says Aegon Religare Life Insurance Company has implemented AWD as its business process management solution, states Finextra.com.

The implementation of DST Global Solutions' AWD is designed to enable automation of client recording processes, life insurance procedures and other significant process improvements.

Aegon Religare Life Insurance is a joint venture between Aegon Group and Religare in India. By combining the international expertise of Aegon with the distribution strength of Religare, Aegon Religare Life Insurance creates a strong platform to offer life insurance products across India.

Pegasystems, a provider for BPM software solutions, announced its financial results for the third quarter and first nine months of 2009, says CNNMoney.

Total revenue for the third quarter of 2009 increased 23% to $64.8 million compared to the third quarter of 2008. Net income for the third quarter of 2009 was $6.0 million compared to $2.4 million for the third quarter of 2008.

Total revenue for the first nine months of 2009 increased 25% to $191.1 million and net income increased to $25.9 million from $8.1 million compared to the same period last year. The company generated $38.8 million in cash from operations during the first nine months of 2009 and had $198.4 million in cash, cash equivalents, and marketable securities as of 30 September.

Datacap and FileVision have formed a strategic partnership to market their respective flagship complementary software solutions, says Reuters.

According to the companies, the combination of FileVision's enterprise content management and integrated business process automation/management solutions and Datacap's document capture solutions creates a powerful framework for automating document driven business processes for any size organisation.

Datacap's Taskmaster capture platform provides for the scanning and indexing of document images directly into the FileVision content management software, and will also automatically capture data from documents to eliminate manual data entry.