Torchmark Corporation Selects Lawson Software to Support Growth

Lawson system to provide tools to help consolidate operations and streamline business processes

ST. PAUL, Minn, Feb. 20, 2008--Lawson Software (Nasdaq: LWSN) today announced that Torchmark Corporation (NYSE: TMK) licensed the Lawson S3 Human Capital Management, Enterprise Financial Management and Enterprise Performance Management Suites in addition to the Lawson System Foundation 9 Technology platform to support its long-term growth. The contract was signed during Lawson's third quarter of fiscal 2008, which ends Feb. 29, 2008.

Torchmark Corporation is a holding company specializing in life and supplemental health insurance for "middle income" Americans. Its major insurance company subsidiaries include Globe Life and Accident, American Income Life, Liberty National Life, United American and United Investors Life.

Danny Almond, chief accounting officer, Torchmark Corporation, said, "We wanted to consolidate our different financial reporting, Payroll and Human Resource systems into an enterprise-wide state-of-the-art system, making it easier and more cost effective for us to manage these functions for our existing companies and any companies we might acquire in the future. Moreover, the Lawson Strategic Ledger module will allow us to store insurance policy data from all of our subsidiaries in one system. This will give our actuaries more time to conduct trend analysis by eliminating the need to manually reconcile information across multiple policy databases and shorten the month-end financial close cycle by one day. We also wanted to work with a vendor we could depend on to maintain the system long after implementation. Lawson's reputation as a long-term partner and its flexible, web-based applications made it the best fit."

The insurer will use Lawson S3 Human Capital Management to help reduce the time employees spend on repetitive tasks, such as check processing and benefit administration. "Lawson Employee and Manager Self-Service, along with automated open enrollment and payroll, will allow us to manage a growing workforce without adding HR staff," said Al Bowie, vice president of Human Resources, Torchmark.