NEWPORT BEACH, Calif., October 8, 2012 — Secova has enjoyed remarkable success in the last six months. The company has experienced a 25 percent growth rate in its benefits administration business. There has also been a continuing expansion in its ongoing dependent eligibility management services. In total, 500,000 participants have been added to their existing benefits administration platform.
All nine major economic sectors are represented in Secova‘s ongoing benefits administration client base. Secova maintained a strong position among multi-employer groups as a preferred vendor for dependent eligibility verification services. Other broad-based growth includes clients from the hospitality, medical, education, and manufacturing industries.
These clients have gained access to Secova’s expertise concerning the intricate requirements, trends, and cultures of participant populations in these sectors. Secova provides thought leadership to its clients who have unique and complex needs within their benefit programs. Client solutions were designed and implemented using various services spanning across the firm’s Health & Welfare capabilities.
Secova’s newest platform upgrade reduces their time-to-market, making Secova an attractive option to consider for potential clients. “The continuous investment in our 3Ps – `People, Process, and Platform’ – has helped us continue on our journey of growth quarter on quarter,” says Secova’s CEO, Venkat Tadanki, “In the past two quarters, a big differentiating factor bringing us wins has been our newly upgraded flagship platform — iElect 5.”
Secova (an acronym for Service is Our Core Value), is an ISO/IEC 27001:2005 certified firm based in Newport Beach, California. With delivery centers in California, New Jersey, and Chennai, India, Secova provides customized solutions for the administration of employee benefits and human resources that include the technology to enroll in benefits, a 24/7 live answer call center, eligibility management, and billing management. Since its inception, Secova has worked with Fortune 500 companies, mid-size corporations, multi-employers, and state and local governments. For more information on Secova, please visit http://www.secova.com.
Rajesh Gupta (Raj)
Director, Marketing & Sales