Gartner Names Concentrix as the Only Visionary in 2016 Magic Quadrant for Life Insurance Policy Administration Systems, North America

FOR IMMEDIATE RELEASE  
Media Contact: Clint Williams, Concentrix
480-696-7099 | clint.williams@concentrix.com

Gartner Names Concentrix as the Only Visionary in 2016 Magic Quadrant
 for Life Insurance Policy Administration Systems, North America

FREMONT, CA - March 29, 2016 - Gartner Inc. has positioned Concentrix Corp. as a Visionary in its February 2016 Magic Quadrant for Life Insurance Policy Administration Systems, North America. Concentrix is a leading provider of value-added global business services.

"It's a real honor to be the only Visionary vendor this year," said Chris Caldwell, President of Concentrix. "The Concentrix Insurance Solutions value proposition is simple, yet transformational. Our innovative GIAS technology platform is a springboard to increased productivity, speed to market, enhanced customer service and improved revenues."

Concentrix invested significantly in 2015 to address market demand for customer and producer portals, speed to market sales and product launches and expanded health insurance processing. This investment positions CIS for substantial future growth in TPA Services, Software as a Service, Business Process as a Service and on-site licensing of the GIAS technology platform. Specifically, it expands GIAS development and adds new Business and Group Administration talent. It also increases the capacity for additional customer transitions for closed and open blocks of business by TPA Services.
Out of the 15 vendors profiled in the report, Concentrix was one of only a few platforms providing a comprehensive solution for individual, group life and annuity lines of business. Concentrix feels its Visionary status highlights its ability to drive the future direction of the evolving insurance marketplace and add strategic, high-value impact to its clients. The Magic Quadrant report can help CIOs' evaluations of vendors' range of solutions, system functionality and line of business capability.

Robert Marino, Sales Leader, Concentrix Insurance Solutions, noted that GIAS client feedback is a significant factor in the evaluation process. "We enable insurers to be visionaries themselves by investing in future growth, amplifying their brand and enhancing customer experience," Marino said. "We believe that being named a Visionary demonstrates that GIAS is well-positioned to help insurers' modernize and thrive in the evolving insurance market."

About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Concentrix
Concentrix, a wholly owned subsidiary of SYNNEX, has operations across 25 countries, with approximately 90 delivery centers. It has more than 70,000 employees servicing more than 400 clients in more than 40 languages. The company has a large delivery footprint in India, the Philippines, Europe, Asia/Pacific, North America and South America. Concentrix has expertise in 10 industries and offers enhanced capabilities in advanced analytics, enabling technologies and non-voice services. Concentrix delivers services by voice, mobile, social and Web chat across multiple geographies. The company operates with a holistic view that includes all customer touchpoints in an Omni-channel approach. Concentrix focuses on the following industries: banking & financial services, healthcare & pharmaceutical, insurance, technology, consumer electronics, retail & e-commerce, government & public sector, media & communications, automotive and travel, transportation & tourism. For information and recent news, visit www.concentrix.com.

About SYNNEX
SYNNEX Corporation (NYSE:SNX), a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing outsourced services focused on customer relationship management. SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration solutions. Founded in 1980, SYNNEX Corporation operates in 25 countries around the world. Additional information about SYNNEX may be found online at www.synnex.com.

Safe Harbor Statement
Statements in this release that are forward-looking, such as service features and capabilities, involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.
Copyright 2015 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners. 

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