DGAP-News: COR&FJA AG: COR&FJA streamlines its spectrum of products and services
(firmenpresse) - DGAP-News: COR&FJA AG / Key word(s): Strategic Company
Decision/Restructure of Company
COR&FJA AG: COR&FJA streamlines its spectrum of products and services
30.07.2013 / 08:34
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COR&FJA streamlines its spectrum of products and services
Efforts are focused on existing foreign markets - restructuring of the
subsidiary COR&FJA Metris is on track
(Leinfelden-Echterdingen, 30 July 2013) - COR&FJA AG is going to adjust its
spectrum of products and services considerably. As a result, the non-life
insurance solution that was offered until now, COR.FJA P&C, will no longer
be marketed actively and product development in this area will be
discontinued. This is the company's response to the fact that the
aforementioned product has not been able to position itself successfully on
the market despite considerable endeavours. In future, the area of non-life
insurance will be covered within the framework of the collaboration with
msg systems AG.
Furthermore, COR&FJA's range of internal consulting services will see a
greater focus on product-related consulting, actuarial and process
consulting and migration. This means that the expansion of in-house
expertise and human resources capacities in the area of product-independent
management consultancy services is no longer planned.
In addition, a decision has been taken to consolidate efforts on existing
foreign markets rather than entering new ones and to continue optimising
the profitability of business areas in the markets where the company
already operates in Europe and the USA.
Meanwhile, the restructuring of COR&FJA Metris GmbH is proceeding according
to plan and will be completed by the end of the year. The staff capacities
at this subsidiary were adjusted to the economic situation at the end of
April 2013. The subsidiary also concluded an agreement with msg systems AG
which envisages the two companies joining forces in terms of both content
and the marketing of their respective ranges of complementary claims
management solutions. COR&FJA is anticipating that this will generate
greater demand on the market.
The objective of all these measures is to move COR&FJA AG into a
significantly more profitable position by 2014 at the latest.
About COR&FJA
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. Its service
spectrum ranges from standard software and the provision of consultancy
services to the handling of IT operations (i.e. application service
providing). The COR&FJA Group has its head office in
Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf,
Frankfurt, Hamburg, Kiel, Cologne and St. Georgen, as well as subsidiaries
in the Netherlands, Denmark, Austria, Switzerland, Slovakia, Slovenia,
Poland, the Czech Republic, Portugal, Spain and the USA. It currently
employs a workforce of nearly 1,200.
Contact
COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen, Germany
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com
End of Corporate News
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30.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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223304 30.07.2013
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Unternehmensinformation / Kurzprofil:
Datum: 30.07.2013 - 08:34 Uhr
Sprache: Deutsch
News-ID 282760
Anzahl Zeichen: 5597
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Kategorie:
Business News
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