Update: Nat Burgess, who led the SEEC/Polaris transaction described below, will host a Merge Briefing in Pittsburgh at the Duquesne Club on Tuesday, September 15 from 8:00 to 10:00 AM. Register here

FOR IMMEDIATE RELEASE

Corum Advises SEEC in Acquisition by Polaris Software Lab

BELLEVUE, Wash., November 20, 2008 Corum Group Ltd. today announced the acquisition of its client, SEEC Inc., a U.S.-based product and component services company for insurance vertical, by Polaris Software Lab Limited (POLS.BO), an India-based specialty application development in the banking, financial and insurance sectors.

We believe that the Insurance market is poised for higher growth in the areas of claims, sales and product management and customer service, said Ravindra Koka, founder and chief technology officer of SEEC. Having evangelized this with a few lead firms, we were looking for a large complementing financial services and insurance focused technology firm that understands the emerging component business model and help us with investments and enable our growth. We believe the merger with Polaris is very synergistic and will enable us to serve our customers in a more comprehensive manner with the critical business transformation that is needed to stay competitive.

SEEC enables insurance firms deliver a seamless customer experience across all products, channels and lines of business using the SEEC Advantage Library™. SEEC has designed, built and tested hundreds of non-proprietary, SOA software components that can be quickly assembled to deliver business solutions that streamline service, accelerate sales, and improve productivity across the enterprise.

About SEEC

SEEC helps the worlds leading insurance, healthcare and financial services firms to deliver a seamless customer experience across all products, channels and lines of business. Within the SEEC Advantage Library™, we have designed, built and tested hundreds of non-proprietary, SOA software components that can be quickly assembled to deliver business solutions that streamline service, accelerate sales, and improve productivity across the enterprise. Unlike traditional applications, SEEC solutions leverage data and systems already in place, liberating the business from struggling with siloed applications and avoiding the risk of rebuilding or replacing proven assets. And because SEEC components are designed for SOA, they can be reused across channels and product lines, increasing agility and lowering IT costs. With SEEC, IT organizations gain a significant competitive advantage faster, more flexible solutions at lower cost than building from scratch. Please visit www.seec.com.

About Polaris Software Lab

Polaris Software Lab (POLS.BO) is a recognized global leader in Specialty Application Development for the Banking, Financial and Insurance sector, with its comprehensive portfolio of products, smart legacy modernization services and consulting. Polaris has a talent strength of over 10,000 solution architects, domain experts and technology experts and owns the largest set of Intellectual Properties in the form of a comprehensive product suite and nine banking platforms for Retail Banking, Corporate Banking and Investment Banking. For more information, please visit http://www.polaris.co.in/.

About Corum Group

Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. For nearly 25 years Corum has created the standard for success. With offices in eight countries, Corum has completed over US $6 billion in transactions spanning six continents. Corum also educates the industry with its popular conferences and publishes the most widely distributed software M&A research. Corums principals are highly experienced former tech CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US $20 million to build the worlds largest and most comprehensive buyer database. This knowledge base combined with Corums experience and industry expertise, consistently ensures unequaled success in client engagements. For more information, visit www.corumgroup.com.

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