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Sagitec Press Releases

Sagitec Welcomes New Director of Change Management

Beth Hart, MPH joins Sagitec as the new Director of Change Management, bringing years of leadership experience to Sagitec's existing CM practice.

ST. PAUL, MN DECEMBER 2, 2013 - Sagitec, a leading provider of software solutions for the retirement and unemployment insurance industries, is proud to welcome Beth Hart, MPH as our new Director of Change Management. Ms. Hart will oversee all change management related activities for Sagitec and its clients, including planning and implementation, sales, and internal support.

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Inc. Magazine Honors Sagitec Solutions with Inaugural Hire Power Award

[Update] Sagitec Solutions ranks 5th among Minnesota-based companies for job creation over the past three years

New York, NY (December 05, 2012) St. Paul, MN-based Sagitec Solutions, a global provider of tailor-made IT solutions for the pension industry, has been featured in the inaugural ranking of Inc.’s Hire Power Awards, recognizing the private businesses that have generated the most jobs in the past three years.

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Sagitec Successfully Implements New Pension System for Missouri LAGERS On Time and On Budget

Teamwork and dedication prove keys to overcoming challenges and delivering LAGERS’ new ECLIPSE system successfully. 

Saint Paul, MN – Sagitec Solutions, a global provider of tailor-made IT solutions for the pension industry, announced today the on-time, on-budget completion of a state-of-the-art pension administration solution for the Missouri Local Government Employees Retirement System (LAGERS). Featuring Sagitec’s Neospin™ pension administration software, LAGERS’ new system (aka ECLIPSE) puts the retirement fund at the forefront of the public pension industry by giving them advanced business capabilities not present in the legacy system.

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Sagitec Strengthens Education Retirement Plan Expertise with Wins in Ohio and Kentucky

Recent awards for IT system replacement contracts at the School Employees Retirement System of Ohio and the Kentucky Teachers’ Retirement System bring the total number of pension administration system replacement projects Sagitec is implementing for school and teacher retirement plans to six.

Saint Paul, MN – Sagitec Solutions, LLC, a global provider of tailor-made IT solutions for the pension industry, announced today contracts that commenced in mid-2011 with the School Employees Retirement System of Ohio (SERS of Ohio) and the Kentucky Teachers’ Retirement System (KTRS) to deliver new, fully integrated pension administration systems based on Sagitec’s Neospin™ pension administration software framework.  With the addition of SERS of Ohio and KTRS, the Minnesota-based company expands its expertise at implementing major IT systems for retirement plans that cover teachers and school employees, bringing its total number of clients with education employee retirement plans to six. 

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Five Months Ahead of Schedule, Sagitec Delivers Pension Solution to the Denver Employees Retirement Plan

Flood of city employee early retirements almost delayed the project, but a strong commitment to success and a dedicated team carried the project forward

St. Paul, MN (June 14, 2012) - Sagitec Solutions, LLC, the Minnesota-based IT firm specializing in tailor-made pension administration systems, successfully delivered an integrated line-of-business solution for the Denver Employees Retirement Plan (DERP) of Denver, CO five months ahead of schedule. Despite a flood of early retirements that forced DERP staff to take a three-month hiatus from the project, dedicated teams from both parties collaborated on an innovative solution to the potentially serious setback and drove the project to successful completion. The new system, called CRIS, is live and currently supporting all of DERP’s core business functions.

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Sagitec Solutions Expands Pension System Implementation Operations to California

Sagitec will implement its Neospin™ pension administration software system for the San Diego City Employees’ Retirement System and for the Motion Picture Industry Pension and Health Plans, Sagitec’s first project with a Taft-Hartley fund.

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Sagitec Solutions Unveils Comprehensive IT System Support Service for Clients

New system support model reduces the risk of technical obsolescence. 

St. Paul, MN - Sagitec Solutions, a leading provider of pension administration systems, announced today the addition of a comprehensive IT system support model to complement its implementation and delivery services. The company’s approach promises clients a holistic set of options for tailoring system support to meet their strategic business goals and technical competencies. Going beyond corrective maintenance, the new service embraces adaptive and perfective support aimed at avoiding technical obsolescence, ensuring long-term viability of a client’s IT system, and reducing a pension administration system’s lifetime costs.

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Sagitec Solutions LLC Adds Change Management to Professional Services

St. Paul, Minnesota—October 27, 2011—Sagitec Solutions, LLC, a global provider of pension administration software systems, announced today the addition of Change Management Services to its list of professional service offerings. The new services will help pension organizations address the difficult task of transitioning employees and organizational processes to a new IT system by delivering to clients change readiness, system adoption, and organization design services alongside Sagitec’s existing pension administration system business.

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Sagitec Solutions’ Growth Surges in 2011, Partners Expect to Add Market Share, Backlog and Jobs

Twin Cities, Minnesota—September 27, 2011—Sagitec Solutions, LLC, a global provider of pension administration software systems, announced today a compound annual growth rate (CAGR) of 45% since 2004. In the first half of 2011, the company secured over $50 million in new contracts, strengthened their backlog to over $95 million, and expects increased revenue by 48%. With over 30 percent of assets in cash and cash equivalents, high retained earnings, and high quality receivables, Sagitec has started out the year with a bang—and is poised to capture additional market share.

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Sagitec Reports Progress on “State of the Industry” Pension System for PSRS/PEERS of Missouri

Jefferson City, MO – Seeking to enhance business processes and improve service levels to members and employers well into the 21st century, the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) partnered with Sagitec Solutions, LLC, a global provider of IT administration solutions, to implement a new framework-based, “state of the industry” pension administration system.  The project, dubbed “OASIS,” implements Sagitec’s Neospin™ framework, which provides a technical architecture flexible enough to support PSRS/PEERS’ existing application functionality but includes many enhanced core functions such as data integrity, full transaction processing, security and internal controls.  The OASIS project began in March 2010 and is Sagitec’s second major pension system implementation in the state of Missouri. 

"When we began the search process for a pension software vendor we were looking for a company who had successfully built and implemented a proven solution for a complex retirement system like PSRS/PEERS of Missouri,” says Dearld Snider, Assistant Executive Director of Operations for PSRS/PEERS. “After conducting a thorough bid process it was easy to see why Sagitec had built such a strong reputation in the public pension arena over the last several years. Now that the project is fully underway, our staff is very excited about the progress made thus far, and we're looking forward to continuing our partnership with Sagitec throughout the project and beyond.”

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