SEEC and FileNet Team to Deliver Service-Oriented Business Applications for Insurance and Financial Services Providers; Compani

SEEC, Inc. (OTC:SEEC), the leading provider of Business
Component Software for the insurance and financial services
industries, today announced a partnership with FileNet, Inc.
(NASDAQ:FILE), the leading provider of Enterprise Content Management
(ECM) and Business Process Management (BPM) solutions. As part of the
alliance, SEEC has joined FileNet's ValueNet(R) program, and will
begin offering its SOA components integrated with FileNet's P8
Business Process Manager. SEEC and FileNet will demonstrate the joint
solution at FileNet's booth at this year's ACORD LOMA Conference on
May 22-24.
   "We are pleased that SEEC is joining the ValueNet program," said
Martyn Christian, chief marketing officer of FileNet. "SEEC's
pre-built, ACORD-standard Business Components open up a vast library
of customer-centric functionality that insurance carriers can assemble
in a Service-Oriented Architecture (SOA) to transform mission-critical
sales, service and operating processes. Integrated with FileNet, the
combined solution offers FileNet customers a compelling way to
leverage and extend their BPM initiatives."
   SEEC will begin offering Business Components with pre-built
connectors that integrate with FileNet's BPM solutions, coupled with
integration services to ensure SEEC's Business Components are
implemented successfully for FileNet customers. SEEC will be an
application developer under FileNet's ValueNet(R) program. In
addition, SEEC and FileNet will coordinate sales and marketing
activities to demonstrate the value of the combined solution to
customers.
   "SEEC's Business Component Software offers an architectural
approach that turns enterprise assets into well-defined services that
can be leveraged across FileNet's world-class P8 content management
platform," said Shane Tulloch, SEEC's President and Chief Executive
Officer. "FileNet has a leadership position within the Insurance and
Financial Services, and their BPM solution fits hand-in-glove with our
Business Component Software. Every FileNet customer who wants to boost
ROI from their business process investments should examine this
opportunity."
   SEEC's Business Component Software enables insurance and financial
services providers to gain competitive advantage by streamlining
processes and adding new capabilities in a fraction of the time, cost
and risk compared to custom development or buying packaged
applications. SEEC's Business Components are:

   --  Designed in a Service-Oriented Architecture (SOA) to enable
        maximum re-use and flexibility

   --  Built to industry standards (Java, XML, web-services) to avoid
        proprietary lock-in

   --  Leverage existing investments in middleware, BPM solutions,
        and enterprise portals

   --  Re-use legacy data and transactions, lowering risk and
        speeding time-to-deployment

   --  Can be deployed component-by-component in a planned, measured
        approach

   "FileNet streamlines the business process and workflow while SEEC
provides the services layer that enables insurance carriers to conduct
web-based transactions. It's an attractive combination for customers,"
explained Ravi Koka, SEEC's Chief Technology Officer.

   About SEEC, Inc.

   SEEC provides the world's largest library of service-oriented
software components for the insurance and financial services
industries. The SEEC Advantage Library(TM) is the foundation for a
truly customer-centric approach, offering companies the freedom to
choose only the software functionality they want, license the source
code, customize and deploy in less than 90 days, and then reuse across
any channel, any product, anywhere in the business. The library's
hundreds of standards-based, reusable business components can be
leveraged independently, or in combination, to deliver customized
service-oriented applications at a small fraction of the cost of
proprietary software.
   Designed by expert teams specifically for insurance and financial
services providers, SEEC's service-oriented solutions empower agents,
producers, service staff and customers with a rich set of information
and transaction capabilities, revolutionizing sales and customer
service delivery across all channels, products, and lines of business.
Industry leaders like New York Life Insurance, Banker's Life &
Casualty, North Carolina Farm Bureau Insurance, and Ohio Casualty rely
on SEEC to streamline service delivery, enhance customer
relationships, and drive innovation and growth.
   SEEC customers include Global 1000 companies from North America,
Europe and Asia in insurance, banking, financial services, healthcare,
and a range of other service-driven industries. The company is
headquartered in Pittsburgh, Pennsylvania, and has offices in
Hyderabad, India.

   (C)2006, SEEC, Inc. SEEC is a trademark of SEEC, Inc. All other
products and company names are trademarks of their respective
companies.