State-of-the-art advisor application to significantly enhance operations,
TORONTO, Feb. 26 /CNW/ - Ticoon Technology Inc., an industry leader in
enterprise front office software in the financial services sector, today
announced that it has signed a multi-year contract to provide its advisor and
investor solutions to Manulife Financial, one of Canada's leading financial
"This was a major decision for Manulife and we undertook extensive
research to find a partner that had the right solution. We felt that Ticoon
had the most comprehensive financial management suite, and best understood
both the investment and insurance industries. They were the clear choice for
Manulife," said Andy White, AVP, distribution systems.
Ticoon is a unique financial advisor solution that can integrate
investment, insurance and banking data from virtually every source and present
it comprehensively in customized views for users. It lets users across the
value chain consolidate, view and configure data from multiple, disparate
sources within a single, secure, compliant platform.
The client management application will be hosted by Ticoon on a
software-as-a-service basis for Manulife, which means that Manulife no longer
has to manage a costly in-house software product. "By choosing Ticoon,
Manulife can now focus on its core business - providing exceptional financial
protection products and wealth management services," said Rick Hyde, president
and CEO of Ticoon. "Our solution will bring their investment, insurance and
banking information into a single platform and give their advisors a true
competitive advantage in the management of both their clients and their
business," continued Hyde.
The Ticoon solution also provides Manulife clients with an advanced
client web site where they can access their investment and insurance policy
data in a single, integrated online experience.
This application will be launched initially to some 1,500 financial
advisors moving from an in-house software solution in mid-2008. The Ticoon
solution is highly scalable and will be extended within the Manulife Financial
distribution network later in 2008 and into 2009.
ABOUT TICOON TECHNOLOGY INC.:
Founded in 1997, Toronto-based Ticoon Technology Inc. is a leader in
enterprise front office software for the financial services sector. The
company's platform delivers total financial management capabilities to
organizations and individuals at every point in the value chain. Using Ticoon,
customers are able to boost business, grow revenues and gain an edge on their
Ticoon delivers a variety of functions, including financially integrated
CRM, business intelligence and analytics, sales force automation, sales
process improvement and enterprise reporting. At the heart of the solution is
a powerful data mart that lets users across the value chain consolidate, view
and configure data from multiple, disparate sources in a single, secure,
Ticoon also lets users customize and personalize both workflows and
interfaces to meet the needs of large enterprises, product manufacturers,
broker-dealers and advisors-as well as the clients all these parties serve.
This inherent flexibility and power has made Ticoon the solution of choice for
many of Canada's leading financial institutions, insurance companies and
More information about Ticoon can be found at www.ticoon.com.
ABOUT MANULIFE FINANCIAL
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers clients a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$396 billion
(US$401 billion) as at December 31, 2007.
Manulife Financial is one of two publicly traded life insurance companies
in the world whose rated life insurance subsidiaries hold Standard & Poor's
Rating Services' highest "AAA" rating.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
For further information:
For further information: Ticoon Technology Inc., Andrew Lane,
Vice-President, Sales, (416) 513-9271, (416) 624-4077; Rachael
MacKenzie-Neill, (416) 605-1414; Manulife Financial, Tom Nunn, Assistant Vice
President, Media Relations, (519) 594-8578, (519) 580-9517