POMPANO BEACH, Fla. and LAWRENCEVILLE, N.J., Dec. 13, 2005 (PRIMEZONE) -- Blue Frog Solutions (www.bluefrogsolutions.com ), a provider of standards-based middleware solutions to the insurance industry, announced today that it has added Albridge Solutions (www.albridge.com), a provider of enterprise financial data management and performance reporting solutions, to its ADMServer Framework to assist a growing number of insurance companies looking to increase the distribution of their product information to advisor workstations.
The two firms are currently working with Minnesota Life, the life insurance and annuity subsidiary of financial services provider Securian Financial Group, Inc. Minnesota Life uses Blue Frog's ADMServer Framework to extract daily positions and values, asset pricing and daily activity reports from proprietary systems and transmit this information to Albridge where it will be accessible to the more than 100 broker dealers and 60,000 financial advisors currently supported by Albridge Solutions.
"Blue Frog is pleased to be able to add Albridge Solutions to our ADMServer Framework," said Doug Massey, Blue Frog's Vice President Insurance Services. "ADMServer simplifies the management and sharing of information to multiple destinations, allowing our clients to efficiently disseminate information to entities such as Albridge. The addition of this new partner further increases the value we offer our customers.
"We have identified a growing need among broker dealers to provide their advisors with a solution that combines detailed insurance policy information along with all of the other investment products advisors manage," said Greg Pacholski, President and CEO of Albridge Solutions. "Blue Frog Solutions plays a critical role in providing these broker dealers with the middleware needed to extract product information from their internal systems so that it can be delivered to systems that advisors use to generate consolidated performance reports for their clients."
About Blue Frog Solutions:
Blue Frog Solutions (http://www.bluefrogsolutions.com), based in Pompano Beach Florida, is a leading technology solutions provider for the financial services and insurance industry. Specializing in ACORD Standards and DTCC/NSCC implementations, Blue Frog Solutions provides Software Systems, Web Services, System Integration, and Application Development on its flagship ADMServer Framework as well as Design, and Technology Strategy/Management Consulting services. Currently, 20 of the top 40 insurance carriers in the United States have implemented Blue Frog's solutions.
About Albridge Solutions
Albridge Solutions is a leading provider of enterprise data management and Web-based portfolio accounting and performance reporting solutions to the financial services industry. Financial institutions and advisors including investment management firms, insurance companies, banks, Registered Investment Advisors, and independent, insurance and bank broker-dealers rely on Albridge for the high quality consolidated data they need to succeed. Albridge Solutions consolidates account information from hundreds of data sources encompassing thousands of product companies and makes this valuable customer data readily accessible to many leading financial institutions and advisors. Using patent-pending technology, Albridge Solutions collects, cleanses and normalizes the transaction and position-level securities data it receives from settlement and clearing firms, data custodians, product companies and internal proprietary systems. This data is then used to power Albridge Wealth Reporting, the firm's Web-based portfolio accounting and performance reporting solution in use at more than 100 financial services firms representing more than $850 billion in assets, 60,000 financial advisors and millions of investors. Financial Institutions can also choose to receive cleansed and consolidated information via Albridge Web Services or Albridge Replicated Data Services to support enterprise level initiatives such as data-mining, CRM, compliance monitoring and other mission critical business applications.
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