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.

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.

Jefferson City, MO – Seeking to enhance business processes and improve service levels to members and employers well into the 21^st 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.”

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.

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: