Microgen Signs With Swiss Re



    
    Leading Reinsurer Embarks on Global Implementation of Microgen Accounting
    Hub and Microgen Aptitude
    

    LONDON and NEW YORK, Oct. 14 /CNW/ - Microgen plc, the information
management company, today announced that Swiss Re is to deploy Microgen
Accounting Hub and Microgen Aptitude in order to consolidate its global
accounting environment for asset management. Swiss Re will implement the
Microgen software for its worldwide operations.
    The Microgen Accounting Hub is a rules-based finance system delivering
accounting consistency and financial transparency at both an enterprise and a
departmental level. It supports multiple accounting standards across all
currencies. This enables organizations to collate accounting information from
disparate systems and standardize on one platform, thus increasing visibility
into, and control over, their assets. Swiss Re will also implement a
sub-ledger module to give rapid access to its profit & loss and balance sheet.
    Microgen Aptitude complements the Microgen Accounting Hub by providing
the business process modeling and automation, business rules, data management,
integration service orchestration and simulation functionalities that enable
organizations to create a more agile and responsive IT infrastructure. Its
unique graphical interface and user friendly format enables businesses to
react faster to changing market demands therefore gaining competitive
advantage.
    As a leading and highly diversified global reinsurer, Swiss Re offers
financial services products that enable risk taking essential to enterprise
and progress. The Group's position as preferred partner in the risk transfer
industry is based on value propositions that comprise risk expertise, global
reach, scale, diversification, very strong capitalization and resilience over
the long term.
    Elizabeth Sipiere, managing director banking, Microgen plc commented:
"Businesses operating in the financial services sector have in recent years
had to cope with a data explosion. Those operating in this space now need
business process and data consistency across the enterprise to provide timely
access to profit & loss and balance sheet information."

    About Microgen

    Founded in 1974 and listed on the LSE (MCGN) since 1983, Microgen is an
established leader in the delivery of software, solutions, consultancy and
services. The Group's portfolio of proven products and solutions, many of
which are based on its proprietary Microgen Aptitude technology, enables the
intelligent application of technology in a range of sectors including banking,
energy, asset & wealth management, commercial and the public sectors.
    The Group has offices in Fleet, London and Welwyn Garden City in the UK,
and international offices in the United States, South Africa, Poland, Cayman
and Guernsey. For more information, please visit http://www.microgen.com

    Copyright (c) 2008

    Microgen Aptitude (R) - Patent Pending (Serial No: 1686466)





For further information:

For further information: Europe: Sophie Jarvis, Clodagh Boyle, Rainier
PR, +44-(0)20-7494-6598, microgen@rainierpr.co.uk; U.S.: Meghan Searles
Gardner, Version 2.0 Communications, (857) 222-2864, mgardner@v2comms.com

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