Radian Group Inc. chooses Alliance for providing a multi-year application maintenance and support services agreement

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 13, 2010 -- March10, 2010,Conshohocken, PA, USA: Radian Group Inc. recently signed a multi-year agreement with Alliance Global Services to outsource their application maintenance and support efforts for all the applications supporting their Financial Guaranty business. The decision was made in an effort to institutionalize knowledge and utilize Alliance’s proven Application Maintenance Outsourcing (AMO) model and Perfective Maintenance methodology.

“We have been working with Alliance for several years and the driving force behind this decision was to tap into their AMO best practices and proven capability to institutionalize knowledge for business solutions that support the model. We needed a way to mitigate risk and ensure the systems would remain stable and Alliance fit the bill nicely. We chose them because they have a deep understanding of the AMO market, had a methodology designed to meet and exceed our existing service levels and proved they were willing to do what it took to make us successful” said Lawrence DelGatto, Executive Vice President and Chief Information Officer, Radian Group Inc.

About Alliance Global Services

Alliance Global Services is a software solutions firm that delivers across the complete software lifecycle from strategic guidance, application development, quality assurance & testing, through ongoing optimization and maintenance. Founded in 1994, Alliance has provided more than $1 billion in services since its inception while supporting hundreds of unique applications on a daily basis. Utilizing its unique RightLine methodology the firm has proven a unique ability to deliver technology initiatives that drive measurable business impact across clients and industries. Headquartered in suburban Philadelphia, Conshohocken, PA, the firm's worldwide offices include: Boston, Chicago, Bridgewater and Hyderabad, India.

About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk management products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at http://www.radian.biz.

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