Focus cheers Mastek deal

21st Jul 2009 13:32

Financial services software supplier Focus Solutions gained on news that it has signed an agreement with Mastek to provide a combined front and back-office solution to the global insurance market.Mastek will integrate focus:360° life & pension extranet, Focus' multi-channel, e-commerce platform, into the latest version of their policy administration software, Elixir 4. The group said the combined solution will help major providers to reduce integration costs and launch new products and services in a significantly shorter timescale than was previously possible. It will also enable product providers to contract with a single supplier for both their front and back office requirements moving forward, it added."Focus and Mastek have the same strategic objective to deliver world class, scaleable solutions to some of the largest financial institutions across the globe," said chief executive Richard Stevenson.