African Development Corporation Selects Vitech's Software

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Mar 15, 2012, 05:33 ET

NEW YORK, March 15, 2012 /PRNewswire/ -- Vitech Systems Group, a leading provider of insurance and investment administration software, announced today that the African Development Corporation (ADC) has selected Vitech's software as its new fund administration system.

Located in Mauritius, ADC focuses on banking, insurance and other proprietary investments in sub-Saharan Africa. The company selected Vitech's software for its powerful functionality, multi-national capabilities and ease of deployment. ADC will access Vitech's software globally as a SaaS application in Vitech's private cloud.

"We are so pleased to have been selected by such a prestigious organization," said Hope Nawada, Vitech's Director of Investment Solutions, "Vitech's software is a great fit for ADC's needs and our SaaS offering simplifies what would otherwise have been a complex, multi-national installation."

About Vitech Systems Group, Inc.

Vitech Systems Group, Inc. is a leading provider of software and services to investment, insurance, retirement and health plan administrators. Vitech's software is the choice of organizations world-wide who administer investments and benefits for over 20,000,000 individuals and institutions. For more information visit www.vitechinc.com.

SOURCE Vitech Systems Group, Inc.