BCF Technology Joins ACORD

August 4, 2003

Carlsbad, Calif.-based BCF Technology Inc., a provider of Web services, integration & aggregation of data, competitive intelligence, and single sign-on technology solutions for the insurance and financial services industry announces that it has joined ACORD, the global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries.

At the center of BCF’s business and technology efforts are industry standards which BCF leverages to provide rapid integration between business partners. Dominating BCF’s insurance vertical market are the ACORD standards which are a comprehensive set of business messages, file formats, and data model for the insurance industry in an EDI, XML or forms environment.

“ACORD welcomes BCF and applauds their vision. Supporting business partner integration and improving workflows is well aligned with our goals of driving broad implementation of ACORD industry standards,” said Rick Gilman, vice president of ACORD.

Fred Covely, CTO of BCF Technology commented, “We look forward to participating in the Joint Architecture Group as well as related ACORD efforts in order to further the proliferation of standards throughout the insurance industry. BCF continues to be focused on driving transaction costs lower and. We see this as an opportunity to be a part of the creation of standards that potentially can drive transaction costs much lower than they are today.”

Frederick Waite, president of BCF added, “All of the BCF products are fully ACORD compliant, which made joining ACORD the logical next step towards increasing BCF’s presence in the standards movement. Specifically, BCF accepts as input to its key products: ACORD compliant AL3 files, ACORD compliant XML messages, and ACORD compliant PDF based forms.”

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