DAVID Corporation Releases NavRisk Suite 4.0

June 4, 2007; 06:18 AM
DAVID Corporation, an innovative provider of Insurance Risk Management software and unit of HALO Technology Holdings, Inc. (OTCBB: HTHO), today announced the release and immediate availability of NavRisk Suite 4.0. NavRisk is a comprehensive risk management solution which facilitates highly effective underwriting and policy processing, automates administration and management of claims and provides online collaboration between internal and external stakeholders in the Risk Management enterprise. The complete suite consists of NavRisk Policy, NavRisk Claims and NavRisk Central.

Serving the Alternative Risk Market for over 23 years, NavRisk Suite 4.0 represents the latest set of innovative solutions from DAVID Corporation, and provides organizations with an end-to-end solution for their Risk Management needs from policy rating and issuance to claim entry and settlement. NavRisk 4.0 is designed specifically to automate and streamline labor intensive and error prone tasks associated with claims and policy processing.

NavRisk 4.0 includes:

• NavRisk Central: Self-Service Risk Management portal securely extends policy and claim information to policy holders, agents, providers and other users within the risk management enterprise through an advanced, web-based solution.
• NavRisk Policy: Policy administration and underwriting solution to automate the rating, quoting and issuance of policies.
• NavRisk Claims: Claims management solution via a browser for Workers Compensation, Auto Liability, General Liability, Property Liability, Professional Liability, and other specialty lines.

Other new features include an intuitive user interface, increased user configuration options through an improved business rules engine and workflow management, advanced reporting and risk analysis for enhanced business intelligence, simplified compliance architecture, sophisticated document and content management capabilities and advanced security configuration tools.

Although DAVID has traditionally focused on the alternative risk market, in Celent’s 2007 Policy Administration Systems Report Chad Hersh, senior insurance analyst with the research and consulting firm, states, “Celent believes that NavRisk is one of the more modern systems on the market, and with its flexible tools-based, rules-based design is likely to gain acceptance into the traditional commercial lines market.”

Utilizing Microsoft .Net Framework and their latest web technologies such as ASP.NET, and AJAX, Windows Workflow Foundation (WF), SharePoint Services, SQL Server 2005, SQL Server Reporting and Analysis Services, NavRisk 4.0 delivers an all-Microsoft platform solution for ease of use and superior user interface, high performance and scalability, implementation and maintenance. Additionally, due to the widespread use of Microsoft technology as standard practice in the insurance industry, NavRisk 4.0 has been designed to seamlessly integrate with existing applications.

“At DAVID, we believe in designing solutions that provide a holistic view of risk management data, facilitate communication and collaboration among key stakeholders and empower our clients to customize solutions for their unique business processes,” said Alex Aminian, President and CEO of DAVID Corporation.

“NavRisk 4.0 is the result of our ongoing dialogue with our clients as development partners, designing solutions that are feature-rich and leverage state-of-the-art technologies that are easily deployed and maintained.” Mr. Aminian added, “We continue to offer the best price/performance solutions that are specifically designed to make our clients more competitive, profitable and increase their client’s satisfaction.”

Availability

NavRisk 4.0 is available immediately with pricing depending on installed options. NavRisk 4.0 may be licensed as a suite or by individual product.

About DAVID Corporation

DAVID Corporation has been serving the Alternative Risk Market for more than 23 years. A pioneer in risk management software solutions, DAVID uses a solutions-focused, value-driven approach in selling to and servicing clients, with an eye toward reducing risk and controlling costs. DAVID’s solutions create a truly collaborative workspace for all stakeholders, designed with specific business rules and workflow in mind. From underwriting to policy renewals, from first notice of claim to final settlement, DAVID works with you to implement a solution designed to leverage your organization’s unique and innovative business processes. Headquartered in San Francisco, Calif., DAVID Corporation is owned and operated by HALO Technology Holdings, Inc. (OTCBB: HTHO), global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. Contact DAVID Corporation at 800-553-2843 or visit www.davidcorp.com.