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TMCNet: Troux Technologies Signs $2.5M Software Deal with Large US Insurance Company

[September 10, 2008]

Troux Technologies Signs $2.5M Software Deal with Large US Insurance Company

AUSTIN, Texas --(Business Wire)-- Troux Technologies, the acknowledged market leader in Strategic IT Planning and Control software, today announced that it has signed a multi-million dollar contract with one of North America's largest insurance companies to provide Strategic IT Planning and Control software which will improve the firm's business agility and time to market. The deal, valued at more than $2.5M US, is an indicator of significant business value that growing numbers of Global 2000 companies are getting from using Troux's software.

The new customer also extends Troux's global roster of finance and insurance organizations using Strategic IT Planning and Control software to consolidate systems, enable greater agility and decrease operational costs, which also includes Discover Financial Services, Financial, Barclays, Fiducia, Huntington Bank and Lincoln Financial. The business value of Troux has also been widely adopted by the Global 2000 in all major market sectors, including healthcare, manufacturing, technology, telecommunications, retail, leisure and government.

Troux's software will enable the new customer to develop a common framework for strategic roadmapping by modernizing its extensive IT processes and applications and significantly improving IT information completeness and quality, both vital to successful business and IT transformations. It will also facilitate more effective communication and collaboration throughout the organization, fostering a partnership between IT and the business.

Watch Bill Cason, CTO, Troux Technologies as he describes how Troux helps Global 2000 companies to align IT to Business.

"The demand for our software in the insurance and finance markets this year has been remarkable, and speaks to the determination of these companies to remain competitive and innovative in a challenging economic climate," said Matt Price, Troux's vice president of worldwide marketing. "Having tried to solve complex, enterprise-wide issues with outmoded technologies or departmental point products, more and more companies realize that Troux alone offers best-of-breed products optimized for global organizations.

About Troux

Troux Technologies provides the largest Global 2000 enterprises and governments with strategic IT planning and control software that helps their IT departments to keep pace with increased business change while reducing operational risk. Using Troux's products for Enterprise Architecture, Enterprise IT Optimization and Enterprise Standards and Reuse, organizations accelerate and scale business change initiatives, while driving significant cost savings. Troux's customers and partners include: Accenture, AstraZeneca, Barclays Bank, Disney, Department of Homeland Security, Fiducia, Los Alamos National Laboratory, GMAC, Vocalink and Vodafone.

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