LAS VEGAS, NEVADA -Sun Microsystems, a leading provider of industrial-strength hardware, software and services, and Brixlogic, a provider of industry-standard Web Services solutions for the financial services industry, today announced that the two companies are partnering to deliver the first integrated solutions for the ACORD messaging standards.
ACORD is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance industry. ACORD has developed a robust XML framework that enables insurance companies, reinsurers, agents/brokers and other distributors to exchange business data (including unstructured documents such as spreadsheets) among each other in the same standard format. Using these standards, insurance providers and service institutions around the world are bringing their IT operations one step closer to the realities of straight-through processing.
According to Brixlogic, this may harness an industry-wide cost reduction for insurers estimated at more than $1 billion. "The alliance with Sun will enable us to leverage both Sun's competitive advantage in the hardware and software technology. It also proves that Brixlogic has a unique competitive edge in the implementation of ACORD standards in the insurance industry," said Xavier Wartelle, president and CEO, Brixlogic.
Source: Sun Microsystems
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