Vitech Corporation

MassMutual Selects Vitech's V3locity to Support PRT Business Growth

Retrieved on: 
Wednesday, October 18, 2023

As a leader in the rapidly expanding PRT space, MassMutual sought a scalable solution that supports the insurer's growth.

Key Points: 
  • As a leader in the rapidly expanding PRT space, MassMutual sought a scalable solution that supports the insurer's growth.
  • MassMutual selected Vitech based on the company's deep PRT market expertise, modern cloud technology, and partnership-driven implementation strategy.
  • "The features and scalability of the V3locity platform enhance MassMutual's commitment to customer experience and growth in the PRT market," said Ian Cahill, Head of Pension Risk Transfer at MassMutual.
  • "V3locity's deep PRT capabilities and modern cloud technology make Vitech the leading choice for companies like MassMutual looking to support their growth in this dynamic market."

Vitech Recognized as a Life & Retirement Insurance Platform Solutions Leader by ISG for the Third Consecutive Year

Retrieved on: 
Thursday, August 10, 2023

"We are thrilled that Vitech has once again achieved the prestigious recognition," said David Burns, Vitech's CEO.

Key Points: 
  • "We are thrilled that Vitech has once again achieved the prestigious recognition," said David Burns, Vitech's CEO.
  • Vitech's V3locity cloud-native platform was commended in the study for its end-to-end functionality, flexible and agile operationalization, and robust support of group insurance benefits.
  • "We are thrilled that Vitech has once again achieved the prestigious recognition of Life & Retirement Insurance Platform Solutions Leader by ISG," said David Burns, Vitech's CEO.
  • It is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities.

Vitech Wins Two XCelent Awards for Group/Voluntary Life Insurance Policy Administration for the Third Consecutive Time

Retrieved on: 
Thursday, July 20, 2023

NEW YORK, July 20, 2023 /PRNewswire/ -- Vitech Systems Group announced today that it has received two XCelent awards from Celent in its recently published report: Policy Administration Systems: North American Group/Voluntary Life Insurance Edition.

Key Points: 
  • NEW YORK, July 20, 2023 /PRNewswire/ -- Vitech Systems Group announced today that it has received two XCelent awards from Celent in its recently published report: Policy Administration Systems: North American Group/Voluntary Life Insurance Edition.
  • This marks the third time in a row that Vitech has received both the XCelent Advanced Technology and XCelent Customer Base and Support awards.
  • Vitech was also recognized as a Technology Standout among the 14 North American group and voluntary insurance administration systems ranked in Celent's Technical Capability Matrix.
  • V3locity® is a cloud-native administration solution that helps insurance, retirement, and investment organizations achieve their transformation, modernization, and growth objectives.

GENESYS 2023 Brings High Performance and Expanded View Functionality to Model-Based Systems Engineering Software

Retrieved on: 
Tuesday, July 11, 2023

BLACKSBURG, Va., July 11, 2023 /PRNewswire/ -- Zuken Vitech Inc., a leading provider of model-based systems engineering software, has announced the release of GENESYS 2023, the latest version of its flagship software. Packed with new features and enhancements, GENESYS 2023 empowers engineers and organizations to work more efficiently and collaboratively.

Key Points: 
  • BLACKSBURG, Va., July 11, 2023 /PRNewswire/ -- Zuken Vitech Inc., a leading provider of model-based systems engineering software, has announced the release of GENESYS 2023, the latest version of its flagship software.
  • Packed with new features and enhancements, GENESYS 2023 empowers engineers and organizations to work more efficiently and collaboratively.
  • New capabilities in GENESYS 2023 that allow one to customize lists and manipulate data in a table view give the systems engineer new power.
  • Table Views in GENESYS 2023 give the user the ability to look at model data in a familiar Excel-type format.

Vitech Systems Group Unveils Summer 2023 Enhancements for V3locity, Empowering AI Innovation and Enhanced Digital Servicing

Retrieved on: 
Monday, July 10, 2023

NEW YORK, July 10, 2023 /PRNewswire/ -- Vitech Systems Group, a leading provider of cloud-native administration, engagement, and analytics solutions, announced today the launch of its Summer 2023 enhancements for V3locity.

Key Points: 
  • NEW YORK, July 10, 2023 /PRNewswire/ -- Vitech Systems Group, a leading provider of cloud-native administration, engagement, and analytics solutions, announced today the launch of its Summer 2023 enhancements for V3locity.
  • The enhancements extend to V3locity's core industry cloud offering for Group Insurance and Retirement administration, enabling organizations to unlock innovation and improve member servicing.
  • "With a focus on AI innovation and enhanced digital servicing, this latest release propels V3locity to new heights, empowering organizations to unlock innovation and elevate member servicing for the digital era."
  • Key highlights of the Summer 2023 Enhancements include:
    Accelerate data-driven decision making with operational and industry tailored analytical dashboards.

Object Management Group Approves SysML v2, Beta Specifications

Retrieved on: 
Monday, July 10, 2023

BOSTON, MA, July 10, 2023 (GLOBE NEWSWIRE) -- Today, international technology standards organization Object Management Group ® (OMG®) announced it approved the Systems Modeling Language (SysML) version 2 beta specifications.

Key Points: 
  • BOSTON, MA, July 10, 2023 (GLOBE NEWSWIRE) -- Today, international technology standards organization Object Management Group ® (OMG®) announced it approved the Systems Modeling Language (SysML) version 2 beta specifications.
  • These include: the Kernel Modeling Language (KerML) specification version 1.0 beta , the Systems Modeling Language (SysML) specification version 2.0 beta , and the Systems Modeling Application Programming Interface (API) and Services specification version 1.0 beta .
  • We, at Dassault Systemes, through the work with the Object Management Group, are closely collaborating with the SysML Submission Team (SST) to define the specifications.
  • Vitech, Daniel Nguyen, SysML v2 Lead - “Vitech is excited for the release of the SysML v2 beta specifications and implementing it in our evolving product portfolio.

Central Pension Fund (CPF) Selects Vitech's V3locity for Business Transformation

Retrieved on: 
Monday, June 5, 2023

CPF has over 210,000 participants, which includes over 80,000 retirees, and 6,200 contributing employers located throughout the United States.

Key Points: 
  • CPF has over 210,000 participants, which includes over 80,000 retirees, and 6,200 contributing employers located throughout the United States.
  • "The scale of employers involved makes this transformation project unique and Vitech is honored to be a part of it.
  • V3locity is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities.
  • V3locity employs an advanced, cloud-native architecture that leverages the unique capabilities of AWS to deliver a solution with unparalleled security, scalability, and resiliency.

Vitech Systems Group Appoints David Burns to CEO

Retrieved on: 
Monday, April 3, 2023

NEW YORK, April 3, 2023 /PRNewswire/ -- Vitech Systems Group, a global provider of cloud-native administration software, today announced the appointment of David Burns as Vitech CEO & President, an expansion of his 2022 role as President.

Key Points: 
  • NEW YORK, April 3, 2023 /PRNewswire/ -- Vitech Systems Group, a global provider of cloud-native administration software, today announced the appointment of David Burns as Vitech CEO & President, an expansion of his 2022 role as President.
  • Burns succeeds Richard Hart as CEO.
  • "I have the great pleasure to transition the responsibilities of my office to David and return to my original role as board member.
  • I am grateful for Richard's transformative leadership and eager to partner with our stakeholders to accelerate the exciting vision and momentum established under his tenure as CEO."

Vitech Solidifies Position as Industry Leader: Recognized as a Dominant Provider by Aite-Novarica Group for the Third Time

Retrieved on: 
Tuesday, March 7, 2023

NEW YORK, March 7, 2023 /PRNewswire/ -- Vitech Systems Group today announced its recognition as a Dominant Provider of Life/Annuity/Benefits Policy Administration Systems in Aite-Novarica Group's 2023 vendor analysis report.

Key Points: 
  • NEW YORK, March 7, 2023 /PRNewswire/ -- Vitech Systems Group today announced its recognition as a Dominant Provider of Life/Annuity/Benefits Policy Administration Systems in Aite-Novarica Group's 2023 vendor analysis report.
  • This marks Vitech's third consecutive time being recognized in the category.
  • "We are thrilled to be named a Dominant Provider by Aite-Novarica in its 2023 Life/Annuity/Benefits Policy Administration Systems Report for the U.S," said Richard Hart, CEO.
  • V3locity®, Vitech's cloud-native administration, engagement, and analytics platform offers complementary applications for full life cycle business functionality and enterprise capabilities.

Zilliant Appoints New Chief Financial Officer

Retrieved on: 
Thursday, January 5, 2023

1 software platform for price and revenue optimization and management, today announced the appointment of Rick Sorensen as chief financial officer.

Key Points: 
  • 1 software platform for price and revenue optimization and management, today announced the appointment of Rick Sorensen as chief financial officer.
  • View the full release here: https://www.businesswire.com/news/home/20230105005035/en/
    Zilliant Appoints Rick Sorensen as Chief Financial Officer (Photo: Business Wire)
    Sorensen will be responsible for Zilliant’s finance, accounting, treasury, tax and investor relations functions.
  • “I couldn’t be more pleased to have Rick on our executive team as Zilliant’s new chief financial officer,” said Zilliant Chief Executive Officer Pascal Yammine.
  • Prior to Vitech, he served as the chief financial officer at Stack Sports and Insurity.