XAware Recipient of Three 2005 ACORD Awards; Outstanding Achievement in Business Integration Enablement, Infrastructure Platform, and Certification

Business Wire, May 22, 2005

LAKE BUENA VISTA, Fla. -- XAware Inc., a worldwide leader of data integration, conversion and exchange solutions, today received three ACORD Awards for its leadership in insurance industry XML implementations. The awards recognize XAware for improving the way business is processed using ACORD insurance industry standards and its compliance with ACORD standards for formatting and transmitting policies. The three awards, Business Integration Enablement, Infrastructure Platform, and Certification, were presented at the ACORD LOMA Insurance Systems Forum in Lake Buena Vista, Florida.

"We are extremely pleased to be recognized by ACORD as a leader and innovator in XML standards enablement," said Kirstan Vandersluis, Chief Scientist and Co-Founder of XAware. "Insurance carriers are being asked to improve operational efficiencies, reduce risk and cost, and acquire a single customer view. With hundreds of legacy systems, the task can be daunting. Companies that use ACORD standards and XAware see dramatic results in reduced project time, reduced costs, and accelerated time to value. In some cases, they have seen full payback in three months or less."

XAware's SOI (Service Oriented Integration) Suite is an XML standards-based framework that simplifies and speeds the task of data integration, conversion and exchange, allowing a company to quickly migrate information to new systems and services. The XAware system creates reusable integration services that can be applied across applications and systems, which saves development and integration time.

About ACORD

Based in New York, ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With offices in London as well, ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD Standards and services improve efficiency and expand market reach.

About XAware

XAware, Inc. is a worldwide provider of information integration, conversion, and exchange solutions based upon eXtensible Markup Language (XML) and Service Oriented Architecture (SOA). The XAware integration suite enables the rapid delivery of standards-based information services empowering companies to extend information visibility across hundreds of application and legacy sources for greater business agility. XAware is based in Colorado Springs, Colorado. For more information on XAware, visit www.xaware.com or call 719.884.5400.