SE2, a top provider of outsourced business technology and processing solutions for the life and annuity industry and NTT DATA, Inc., a leading global IT services provider, today announced an expanded relationship. Under the agreement, NTT DATA will acquire a minority interest in SE2 Holdings, Inc., the holding company for SE2 and a subsidiary of Security Benefit Corporation, bolstering the life and annuity solutions and services delivery capabilities of both organizations and extending their existing long-term relationship. In addition, John McCain, President and CEO, NTT DATA, Inc., and Jim Milde, President, Financial Services and Insurance, NTT DATA, Inc., will join the SE2 Holdings board of directors.


“Insurance companies are under enormous competitive pressure to transform themselves, which is requiring accelerated adoption of consumption-based solutions such as: Software-, Platformand Business Process-as-a-service,” said Mike Sarantopoulos, Senior Vice President, Insurance, NTT DATA, Inc. “The SE2 NTT DATA partnership helps companies effectively manage the complex migration to digital business with innovative solutions and services that enable the right balance of legacy modernization and digital transformation.“


“The strengthened and expanded relationship with NTT DATA enables further growth for SE2 by providing added scale in delivery, operations and technology expertise,” said Eric Rea, President, SE2. “Jointly, we can continue to provide insurance carriers with a competitive advantage through our innovative solutions and experienced professionals.”