Tech Firms Ink Multi-Million Dollar Deals with Insurance, Retail Companies

Strategic Insights -

May & Speh Inc., a leading provider of information technology services, has secured a five-year pact with Monarch Life Insurance to sell mainframe management services. The deal, valued at multimillion dollars, marks a significant expansion of May & Speh's presence in the insurance industry. Meanwhile, Davox Corp. and Lucent Technologies UK Ltd. have signed a distribution agreement to market and distribute call-center management products in the UK and Ireland. Additionally, Johnson Controls Inc. has announced the acquisition of Creative Control Designs Inc., a company that specializes in custom-built heating, air conditioning, and lighting controls systems.

Key Takeaways:

  • May & Speh Inc. has won a five-year, multimillion-dollar deal with Monarch Life Insurance to sell mainframe management services.
  • Monarch Life Insurance has approximately 100,000 disability income insurance, life insurance, and annuity policies in force.
  • Davox Corp. and Lucent Technologies UK Ltd. have signed a distribution agreement to market and distribute call-center management products in the UK and Ireland.
  • The pact between Davox and Lucent is similar to an existing agreement between Lucent Technologies Inc. and Davox in the United States.
  • Lucent Technologies UK Ltd. will operate in the UK and Ireland, where it will market and distribute Davox's Unison(R) family of call-center management products and LyriCall software.
  • Johnson Controls Inc. will acquire Creative Control Designs Inc. to strengthen its presence in retail markets.
  • CCD designs custom-built heating, air conditioning, and lighting controls systems using a Johnson systems as a base.
  • CCD has customers in the retail chains of hardware and supermarket markets.

Statistics:

  • Monarch Life Insurance has approximately 100,000 policies in force.
  • May & Speh Inc. has secured a five-year pact with Monarch Life Insurance.
  • The pact between Davox and Lucent is similar to the existing agreement between Lucent and Davox in the United States.
  • Johnson Controls Inc. has operations in Naperville and Lisle.

Sources:

  • "May & Speh inks five-year pact" - article from an unspecified publication source
  • "Lucent, Davox sign agreement" - article from an unspecified publication source
  • "Johnson Controls' acquisition" - article from an unspecified publication source