NEW YORK – July 11, 2011 – Vitech Systems Group, Inc., a leading provider of insurance administration software, announced today that one of the world's largest insurance companies has selected the V3 System as its new retirement and annuities administration solution.

This global insurance company will use the V3 System to service approximately 2,000,000 annuitants. Related functionality includes enrollment, core administration, premium processing, workflow, management and participant self-service.

"We are so pleased that such a premier organization has chosen the V3 System to help transform their operations and advance their market offerings," said Frank Vitiello, Vitech's CEO. "This award reflects the V3 System's tremendous configurability, extreme scalability and deep applicability to the unique needs of group insurance administration."

The V3 System is an enterprise solution that addresses the complex needs of insurance, benefit and financial administrators with a unique focus on group benefits. It supports enrollment, billing, administration and investment servicing in either stand-alone or integrated deployments. The V3 System is a fully browser-based, n-tier application that is extremely scalable and highly configurable.

About Vitech Systems Group, Inc.

Vitech Systems Group, Inc. is a leading provider of insurance, benefits and financial administration software to commercial, public and third party administrators. Vitech is headquartered in New York City and provides its clients with proprietary enterprise software, related implementation services, subject matter expertise and business processing support. For more information, please visit www.vitechinc.com.

Media Inquiries:
London Matusiak
Marketing Manager
+1 646.344.5332
lmatusiak@vitechinc.com