ELIOS Forms Strategic Alliance with Blue Cod Technologies

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ELIOS, the leading paperless solutions technology company for property and casualty insurance companies, has formed an alliance with Blue Cod Technologies, Inc. As a result of the alliance, both firms will recommend one another's technologies when they improve service to their customers in areas such as risk management, expense management, customer service and paperless processing of information.

ELIOS of San Ramon, Calif., and Blue Cod Technologies of Marlborough, Mass., jointly announced today a strategic alliance, in which both companies will champion one another’s technologies to improve services for their customers in the property and casualty insurance industry.

Specifically, ELIOS will recommend Blue Cod to provide computer programming services that enable ELIOS’ software to run on a wide range of policy management systems for insurance companies. In turn, Blue Cod will recommend ELIOS’ technology to its property and casualty customers in need of reliable and cost-effective loss payee notification services to financial institutions.

“Blue Cod has earned the respect of insurance companies looking for a technology partner they can trust,” said Jordi Huguet, president and CEO of ELIOS. “Our two companies offer complementary services, and we share the goal of providing reliable and effective products and customer service.”

In the recently published 2005 survey by the Robert E. Nolan Company about trends in the property and casualty insurance industry, industry executives identified the following among their major concerns:

• Expense management

• Risk Management

• Customer service

• Paperless processing—in which the promise and the reality are finally converging

Both ELIOS and Blue Cod address these concerns with advanced technological services and software that handle key information processing and delivery needs at significantly reduced costs and improved accuracy when compared to in-house systems.

“This relationship with ELIOS underscores our promise to help our property and casualty insurance customers improve the efficiency of their back office processing,” said Jeff Brown, president and CEO of Blue Cod Technologies, Inc. “The electronic loss payee notification services offered by ELIOS are the perfect complement to Blue Cod’s work management and workflow solution. They are also a wonderful addition to the services offered through our policy processing outsource business.”

About Blue Cod Technologies

Blue Cod Technologies, Inc. offers innovative, service-oriented custom software products and services, consulting, outsourced processing, and customer solutions to property and casualty insurance companies and other service industries. The company helps organizations maximize their investments in their existing enterprise systems by delivering tightly integrated relationship management and work management applications and customer service solutions. Blue Cod Technologies is based in Marlborough, Mass.

About ELIOS

ELIOS is the leading paperless solutions technology company for property and casualty insurance companies. Founded in 1999, the firm has pioneered the use of technologies that harness the power of the Internet and relational databases to send legally required documents from insurance companies to financial institutions. In its first five years, ELIOS has grown to a 19-person operation with headquarters in Bishop Ranch Park in San Ramon, Calif., and a nationwide customer base that includes the National Flood Service, Bristol West, New York Central Mutual and General Motors Auto Corporation.

Contacts:

Roxanne Milton

Director of Marketing at ELIOS

925-973-0881, ext. 103

Geoff Geiger (for ELIOS)

Geiger Communications

510-523-7874

Ken Amidon

Director of Sales & Marketing

Blue Cod Technologies, Inc.

508-970-0170, ext. 105

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Geoff Geiger
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