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Home > Company Index > Computer Software & Services > Corporate, Professional & Financial Software > Mynd Corporation

Mynd Corporation
 NEWS FROM THE STANDARD
Chase Unit Sues Mortgage Vendor
May 24 2000 12:00 AM PDT

 PROFILE
Mynd doesn't mind managing the minute details. A leading developer of insurance industry software, Mynd, formerly Policy Management Systems, provides software and services to more than 1,000 insurance and financial services companies. Its professional and outsourcing services -- including business needs analysis and implementation, consulting, data processing, and training -- account for nearly 80% of sales. Mynd's software automates functions including accounting, cash management, claims processing, and underwriting. Customers in the US account for about 70% of sales. The company is a subsidiary of consulting and information technology services giant Computer Sciences Corporation.

 DEALS
Deal: Electronic Data Systems Acquires Policy Management
Date Announced: 04.28.00
Value of transaction (US $Mil): 715
Description: Computer service giant takes over finance and insurance software provider.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 644.00
1-Yr. Sales Growth: 6.0%
Employees: 5,860
Revenue per employee: $109,897.61

 KEY PEOPLE
• G. Larry Wilson
    CEO
• Timothy V. Williams
    CFO

 CONTACT INFO
One PMSC Center
Blythewood, SC 29016
US
Phone: 803-333-4000
Fax: 803-333-5544
Online: Web Site

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