KIRYAT BIALIK, Israel and LAS VEGAS, Aug. 3, 2005 (PRIMEZONE) -- Integrated Software Development Ltd. (ISD) (Pink Sheets:ITWJ), a provider of enterprise software aimed at small and medium-sized enterprises, today announced that following a large sale of CRM systems to Harel Insurance in May of this year, the Company signed a follow-up contract with a subsidiary of Harel.
"We saw the great value that BENEFIT offers the insurance industry after selling CRM systems to Aminut Express earlier this year," says ISD's CEO, Moti Maram. "Harel was very quick in buying BENEFIT and BENEFIT Anywhere in May, after reviewing competing systems. They recognized the superiority of our system and immediately introduced their life and medical services insurance subsidiary to ISD."
ISD installed 30 licenses of BENEFIT and 50 licenses of BENEFIT Anywhere for Harel Insurance in May. With millions of policies under management, it is expected that Harel will be adding several more licenses over the next few quarters. Dikla, Harel's subsidiary offering life insurance and medical services insurance, placed an order for BENEFIT to manage their growing call center. The combined value of these orders is in excess of $40,000.
The Harel Insurance group of companies offers a full range of insurance services to individuals, families, labor organizations, companies, and multinational corporations. Founded in 1975, the company works closely with Lloyd's of London to offer the broadest ranges of insurance coverage to its clients.
"This is just a start with Harel and with the insurance industry in general," notes Maram. "We are targeting other insurance companies. Our goal is to become the leading supplier of CRM systems for the insurance industry, and we believe that this is truly attainable."
BENEFIT is an off-the-shelf solution that is geared towards small to mid-sized customers in service-intensive industries. It offers the power and many of the features found in custom-made CRM and ERP enterprise systems at a fraction of the cost. BENEFIT includes many CRM functions serving the needs of organizations for greater internal efficiency, cost control, and customer service quality.
About ISD
ISD Ltd. is an Israeli software company providing enterprise software that enables small and medium-sized enterprises to optimize functions such as workforce management, contact center operations, and asset management. The easy-to-employ solution, BENEFIT, includes many Customer Resource Management (CRM) functions with the focus on customer need for greater internal efficiency, cost control, and maintaining customer service quality. BENEFIT is already used by over 3,000 users in more than 200 organizations across a wide range of functions and industries.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.