[July 29, 2014]

Zags Continues to Build Executive Team with New U.S.-Based CMO and CFO

Zags (formerly Insurance Global Operations (IGO)), a solution provider of core processing systems for the P&C and Life insurance markets, today announced the expansion of its executive team with the addition of Yancy Oshita as Chief Marketing Officer (CMO) and Gary Traynor as Chief Financial Officer (CFO). The appointments of the new U.S.-based executives follows Zags' recent headquarters move from Paris, France to New York to best serve the company's global growth strategy.

Since first announcing its North American market expansion in June, 2013, the company has aggressively continued its product development, while engaging and implementing the early adopters of its Zags solution -- the industry's only collaborative insurance administration platform. With its early market success and validation of the Zags solution, combined with the move to the U.S. and $30 million in new funding, Zags is now putting its corporate structure in place to drive the company's aggressive marketing and growth plans.

In his role as CMO, Yancy Oshita will spearhead the company's overall go-to-market strategies and initiatives to fuel the company's aggressive growth plans. Oshita's experience with and unique insights into business intelligence will be especially valuable to Zags, as effectively leveraging data and employing strong analytics are key elements of Zags' value proposition. He brings to Zags over 20 years of software marketing and product management experience. In addition to founding DemandIT, a consulting firm which specialized in developin and deploying go-to-market strategies and executables for start-up technology companies, Oshita was most recently head of Americas marketing at AppSense, a global provider of unified workspace management solutions. Earlier in his carrier, Oshita held a number of CMO and executive marketing positions with a rich mix of venture-backed and public organizations, including Wimba, Oracle (News - Alert) and Teradata. Oshita earned a Bachelor of Science in Business Administration - Marketing from California State University and went on to earn a Master of Business Administration from the University of Dayton.

Gary Traynor joins Zags as CFO with over 20 years of experience as a technology investment banker and executive leader in venture-backed start-up organizations. Traynor offers a wealth of experience in driving company growth, which will be key in his Zags role where he will be responsible for the development and execution of the company's financial strategy to support the company's rapid expansion. Prior to joining Zags he most recently served as CFO at BA Insight, a provider of integrated search technologies. Traynor also served as the COO and CFO of Blue Flame Data, Inc., a provider of enterprise software used in customer preference analysis; and as CFO of Portero, a provider of Internet fulfillment services. Earlier in his career he was VP of Technology Investment Banking at Morgan Stanley and Associate of Financial Sponsor Banking at Bear Stearns. A native of Minneapolis, MN, Traynor holds a BSBA in finance and accounting from Washington University in St. Louis, a JD/MBA from the University of North Carolina, and is a member of the New York State Bar Association.

Commenting on the Oshita and Traynor appointments, Olivier Jaillon, Zags founder and chief executive officer, said, "I am thrilled to announce the appointments of Yancy and Gary to the Zags executive team. Our move to the U.S., continued commitment to the North American market, and aggressive global plans to do things differently than other insurance solution providers requires the highest caliber resources. Both Yancy and Gary come to Zags with a wealth of knowledge and experience in helping young technology companies achieve great success."

Jaillon continued, "I look forward to their leadership and contributions as we begin to shake things up in the insurance software industry to demonstrate that there is a better, different way - a collaborative approach in the vendor/insurer relationship as well as a collaborative approach in core insurance administration systems."

About Zags

Zags (formerly Insurance Global Operations (IGO)) is a new breed of software provider delivering on its vision to change the status quo of insurance administration systems through the disruptive application of technology. Zags designs and develops its insurance solutions with the goal of helping carriers face the growing P&L pressures from increasing regulations and little return on assets. Zags understands that with these challenges comes the need for P&C and Life carriers to find a new way of processing that goes beyond claims, billing, and policy administration. Zags is headquartered in New York with offices in Paris, Minneapolis and Tunis. For additional information on Zags and Zags solutions visit www.Zags.info.

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