Polaris Software Lab, a global leader in specialty application development in the Banking, Financial and Insurance sectors, has signed a Professional Services Agreement (PSA) with AIG Global Services (AIGGS), a wholly owned subsidiary of American International Group (AIG). Under the terms of the PSA, Polaris will provide IT services to AIG and its member companies around the globe. In connection with this transaction, Polaris has sold its minority interest in AIG Systems Solutions (AIGSS) to a subsidiary of AIGGS. Polaris played an important role in establishing AIGSS, sharing its physical and communication infrastructure, processes and methodologies, which allowed AIGSS to begin to deliver mission critical applications and application management services soon after it was established.
“In 2002, AIG needed a global model to deliver world class applications and we selected Polaris to assist because of our need to move rapidly. Polaris’ tested methodologies and processes as well as our ability to leverage their existing infrastructure allowed us to begin development activities almost immediately. AIGSS and Polaris have developed a strong working relationship and we look forward to continuing to work with Polaris under the PSA structure,” said David Grubman, President, AIGSS.
