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Sagitec Press Releases

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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Missouri LAGERS Sees High Impact from Sagitec Solutions’ Neospin™ Employer Web Portal

The Missouri Local Government Employees Retirement System (LAGERS) launched a new Employer Web Portal using Sagitec Solution’s Neospin™ pension administration framework. This key phase of LAGERS’ initiative to replace their entire pension administration solution with Neospin™ was implemented ahead of schedule and is showing immediate and measurable benefits to LAGERS and employers alike.

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Massachusetts State Board of Retirement Chooses Sagitec to Build and Host New Pension Administration System

Sagitec will replace multiple applications of MSRB’s current system with a fully hosted, integrated, browser-based solution built on a Microsoft .NET platform.

As the most vital piece of a larger strategic effort to improve their IT infrastructure, the modernization of the Massachusetts State Board of Retirement's pension LOB solution is now in the hands of Sagitec Solutions, LLC. Sagitec, a global technology services company, won the multi-year contract to replace MSRB’s existing system with a customized version of its industry-leading Neospin™ framework. The completed solution, to be hosted and managed by Sagitec at their hosting center in Denver, Colorado, will improve MSRB’s business processing speed and accuracy, enhance member services by extending self-service capabilities to members and employers, and help MSRB control costs by increasing the efficiency of its staff.

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Sagitec to Help the Virginia Retirement System Modernize

Sagitec Solutions, LLC recently won a bid to assist the Virginia Retirement System (VRS) in implementing a multi-year program the agency is calling "modernization."

Sagitec Solutions, LLC recently won a bid to assist the Virginia Retirement System (VRS) in implementing a multi-year program the agency is calling "modernization." The program's goal is to upgrade the agency's aging technology infrastructure and streamline business processes, while providing superior service to a growing number of members and retirees.

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Sagitec to Revamp Denver Employees Retirement Plan

Sagitec Solutions, LLC, a global technology services company, is implementing its Neospin™ framework at the Denver Employees Retirement Plan (DERP). DERP, which provides a defined benefit retirement plan for over 20,000 employees and retirees of the City of Denver, Colorado and the Denver Health and Hospital Authority, will receive an integrated, browser-based pension administration system to be hosted by Sagitec at their data center in Denver. This multiple-year contract marks Sagitec's second pension system implementation in Colorado.

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Sagitec Solutions Celebrates 5th Anniversary, Increases Market Share, Looks to Future

Sagitec Solutions, LLC celebrates its fifth anniversary on April 1st. Sagitec has rapidly established an impressive track record of successful system implementations, and is currently engaged in several major public pension projects across the country.

Sagitec Solutions, LLC celebrates its fifth anniversary on April 1st. The team behind this global technology solutions provider has cause to celebrate. Sagitec has rapidly established an impressive track record of successful system implementations, and is currently engaged in several major public pension projects across the country. The challenging economic environment hasn't stopped the company from steadily increasing market share. The group of focused IT specialists has quickly become an acknowledged leader in the public pension industry. Senior Partner Rick Deshler describes Sagitec's recipe for success:

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