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TriZetto to Integrate Erisco Facets with Oracle9i Database
NEWPORT BEACH, Calif. – January 15, 2002 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX) today announced that it will offer a version of its Erisco Facets(R) managed care administration system for Oracle9i Database. Demand among healthcare payers -- in particular large, complex health plans -- was a key factor in integrating Facets with Oracle9i Database.
"This relationship will bring substantial value to the healthcare payer market," said Tony Bellomo, president of TriZetto's HealtheWare(TM) software unit. "We are now able to offer Facets' broad functionality and scalability in tandem with the premier Oracle9i Database. In addition, TriZetto expects to gain additional marketing and sales momentum through its affiliation with Oracle."
Erisco Facets is the industry's leading client/server system for managed healthcare payers. Erisco systems are used by more than 115 payer organizations, serving more than 70 million lives, including approximately one-third of Blue Cross and Blue Shield plans.
"The combined solution of Oracle's scalable and secure Oracle9i Database and Facets provides healthcare payers with a comprehensive, cost-effective business solution," said David Nesvisky, group vice president, Oracle Health Industries. "Given TriZetto's name recognition and Facets' market share in the payer arena, this offer helps provide Oracle significant opportunities in healthcare."
Availability
Facets for Oracle9i Database will be available from TriZetto on a licensed or hosted basis in Fall 2002.
TriZetto will continue to offer and support Facets with its current database configurations.
About TriZetto
The TriZetto(R) Group, Inc., offers a broad portfolio of healthcare information technology products and services that can be delivered individually or combined to create a comprehensive solution. The company provides proprietary and third-party software on a licensed or hosted basis, e-business applications, consulting services and business services, such as claims, billing and enrollment processing. Focused exclusively on healthcare, TriZetto serves more than 500 payers, providers and benefits administrators. Its payer customers serve more than 90 million health plan members, or approximately 40 percent of the insured population of the United States. Headquartered in Newport Beach, Calif., TriZetto can be reached at (800) 569-1222, www.trizetto.com.
This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future net revenues, profits, and financial results, the market for TriZetto's services, future service offerings, client and partner relationships, and TriZetto's operational capabilities. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's services, risks associated with management of growth, reliance on third parties to supply key components of TriZetto's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, risks associated with acquisitions, changes in demand for third party products or solutions, which form the basis of TriZetto's service offerings, financial stability of our customers, changes in government laws and regulations and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
Oracle is a registered trademark and Oracle9i is a trademark or registered trademark of Oracle Corporation.
CONTACTS:
TriZetto Media Relations
David Scott
303-495-7197
david.scott@trizetto.com
Schwartz Communications
Caroline Pavis
781-684-0770
trizetto@schwartz-pr.com
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For more detailed information, please call 1-800-569-1222 or click on the link below.
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