Unirisx Names Steven G. Selfridge Chief Financial Officer

RADNOR, Pa., Feb. 10, 2010 /PRNewswire/ -- Unirisx LLC, the leading global software-as-a-service (SaaS) provider of insurance services, today announced Steven G. Selfridge as chief financial officer.

Mr. Selfridge is responsible for finances, including financial reporting, taxes, treasury operations, and mergers and acquisitions.

Previously acting CFO, Mr. Selfridge has been an advisor to Unirisx since May 2009. He played a key role in structuring the acquisition of the company by current ownership and in subsequent corporate development, including establishment of international financial reporting systems.

Previously, Mr. Selfridge was president and chief executive officer of Acsis Inc., a global supply chain software company based in Marlton, N.J. He joined Acsis in 1998 as chief financial officer. While there, he led geographic and product expansion, a recapitalization, and the sale of the company. Under his leadership, Acsis reversed significant operating losses and increased revenue seven-fold.

From 1986 to 1998, Mr. Selfridge held senior positions with Checkpoint Systems, Inc., the international provider of radio-frequency-based retail security solutions based in Thorofare, N.J. His roles included senior vice president of operations, chief financial officer, executive vice president and chief operating officer. He played major roles in raising more than $300 million in the public markets and in increased geographic expansion through a merger and acquisition strategy.

Mr. Selfridge is a cum laude graduate of Rutgers University with a bachelor's degree in accounting, a member of the American Institute of Certified Public Accountants, and a member of the board of directors of Acsis. He is also a two-time finalist for the Ernst and Young Entrepreneur of the Year award.

David Hollander, chief executive officer of Unirisx, stated, "Steve's proven business leadership and outstanding financial acumen are particularly welcome at this stage of our global growth. We expect his broad experience to play a major role in achieving our objectives."

About Unirisx

Unirisx (www.unirisx.com) is the leading low-cost integrated core-processing software-as-a-service (SaaS) for Policy, Billing and Claims. The highly configurable web-based, on-demand solution enables insurers, agents, brokers and other users to rapidly create and launch new products, broaden distribution and manage the full policy lifecycle in real time. Components deliver straight through processing, eliminating errors from manual processes and reducing costs. In most cases, Unirisx is implemented in 45 to 60 days. It delivers premium growth, cost savings of 30-50 percent, improved risk management, and efficient management control across multiple distribution channels. The platform requires no software to install or hardware to buy, dramatically reducing upfront and maintenance costs. Unirisx is customizable for any language, currency and insurance product. Unirisx services more than 50 lines of business with 25 currencies in 19 countries on 5 continents as of January 2010. Unirisx is offered by Unirisx LLC, a privately held company based in Radnor, Pa., with offices in Hong Kong and Reading, England and affiliate locations in Beijing, Delhi and Mumbai.

SOURCE Unirisx LLC