Content deleted Content added
→Equitable Life Assurance Society relationship: expand on Equimatics joint venture and clarify dates on acquisition |
expand on Equimatics/Life Insurance Division |
||
Line 125:
==Products and divisions==
During the late 1970s and early 1980s, the company broke its revenues down into three sources: software products, professional services, and information processing services; from 1978 through 1982, the three were in rough balance, with each of the three comprising anywhere from 26 to 39 percent of the total.<ref name="ar-1982-reportings">{{cite book | title=1982 Annual Report | publisher=Informatics General Corporation | year=1983 | pages=2, 5, 16, 28}}</ref> Beginning in 1982, the company categorized revenues as coming from cross-industry customers versus vertical market segments;<ref name="ar-1982-reportings"/> by 1983, the verticals, which included products and services for the legal, accounting, insurance, and other industries, had eclipsed cross-industry revenues.<ref name="ar-1983-overall">{{cite book | title=1983 Annual Report | publisher=Informatics General Corporation | year=1984 | page=2}}</ref>
===Mark IV and Mark V===
Line 270:
SOFT did development work to keep TAPS going on the Tandem and especially IBM platforms,<!-- LL --> and TAPS remained in use by the Army and Navy for accounting, personnel, and distribution and supply applications into the 2000s,<ref name="soft-taps"/> with license renewals and maintenance payments from the [[Defense Information Systems Agency]] of around $800,000 a year through at least 2009.<ref>{{cite web | url=https://govtribe.com/contract/award/hc101306p2002 | title= DISA Source Of Future Technology, Inc. Purchase Order | publisher=GovTribe | access-date=May 26, 2017}}</ref> It was not until 2015 that TAPS was finally retired from service by the U.S. military.<!-- LL --><ref>{{cite web | url=https://govtribe.com/vendors/source-of-future-technology-inc-dot-soft-1bp13 | title=Vendors: Source Of Future Technology, Inc. | publisher=GovTribe | access-date=September 9, 2020}}</ref>
===Equimatics Division / Life Insurance Systems Division===
United Systems International was a [[Dallas, Texas]]-based company that was building an ambitious solution for automating the back-office functions for companies that offer [[life insurance]].<ref name="frank-52"/> Informatics acquired it in 1971 as part of the aforementioned Equimatics, Inc. initiative.<ref name="frank-52">Frank, "Achieving the American Dream", pp. 52, 95n.</ref> From this the Life-Comm solution emerged;<ref name="frank-52"/> the Life-Comm III version in particular became popular in the mid-1970s, quickly getting to the $1 million level in sales<ref>{{cite news | url= https://books.google.com/books?id=auvoEl8SK9sC&pg=PA54 | title=29 Software Packages Join ICP $1 Million Club | magazine=Computerworld | date=April 26, 1976|page=54}}</ref> and growing to have several dozen customers among insurance companies.<ref>{{cite news | url=https://books.google.com/books?id=soGti0kvtgwC&pg=RA1-PA3 | title=Tapping External Data Sources | first=Forest Woody, Jr. | last=Horton | magazine=Computerworld | date=August 15, 1983 | pages=ID–1ff}}</ref> It eventually became the leading product in the field.<ref name="lat-target"/> The Equimatics initiative also put some other financial software, such as the Mortgage Loan System.<ref>{{cite news | url=https://books.google.com/books?id=NDIWAQAAMAAJ&q=The+best+thing+about+the+Equimatics+Mortgage+Loan+System+is+what+it+doesnt+do&dq=The+best+thing+about+the+Equimatics+Mortgage+Loan+System+is+what+it+doesnt+do&hl=en&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwjh0avZhcaAAxVgEFkFHXDSBQoQ6AF6BAgJEAI | title=The best thing about ... | work=Mortgage Banker | volume=36 | issue=uncertain | date=1975 | page=19 | type=Advertisement}}</ref>
The Equimatics Division persisted as a name within Informatics even after the company was acquired by, and subsequently became independent from, Equitable Life Assurance itself.<ref>{{cite news | url=https://books.google.com/books?id=OXsqAQAAMAAJ&q=Informatics+Inc.+has+named+WALTER+B.+RICKEL+direc-+tor&dq=Informatics+Inc.+has+named+WALTER+B.+RICKEL+direc-+tor&hl=en&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwjX0crXicaAAxU5EFkFHeL6AB4Q6AF6BAgCEAI | title=uncertain | work=Software Digest | publisher=EDP News Service | volume=12 | issue=uncertain | date=1980 | page=4 }}</ref> It released related insurance products, such as GROUP-COMM, for the administration of [[group insurance]] plans.<ref>{{cite news | url=https://books.google.com/books?id=o1xUAAAAMAAJ&q=GROUP+COMM++equimatics&dq=GROUP+COMM++equimatics&hl=en&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwj_5Mjfi8aAAxVRFlkFHcskCjIQ6AF6BAgGEAI | title=uncertain | work=Information & Records Management | volume =16 | issue=uncertain | date=1982 | page=16 }}</ref> However over time it became instead known as the Life Insurance Systems Division.<ref name="ar-1982-reportings"/>
But then around 1984 it fell into difficulty and was responsible for some of Informatics' declining financial fortunes.<ref name="lat-target"/> In late 1984, the division was sold to The Continuum Company.<ref>{{cite news | url=http://articles.latimes.com/1985-01-17/business/fi-7922_1_industry-notes | title=Industry Notes | newspaper=Los Angeles Times | date=January 17, 1985 }}</ref>▼
▲
===Legal software divisions===
| |||