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TriZetto Customers Can Now Choose Oracle
TriZetto Offers its Flagship Administrative Software with Market-Leading Oracle9i Database to Meet Needs of Larger Health Plans
NEWPORT BEACH, Calif. – March 12, 2003 – The TriZetto® Group, Inc. (Nasdaq:TZIX), an active member of the Oracle® Partner Network, announced the availability of a new version of Facets® that works with the Oracle9i Database. Facets, TriZetto's flagship system, is used by more health plans that any other packaged administrative software. Depending on a health plan's requirements, Facets can be hosted and managed through one of TriZetto's data centers, or licensed and installed at the customer site.
"Running Facets on the Oracle9i Database makes good business sense," said Tony Bellomo, president of TriZetto's software unit. "We can now deliver the full scalability and functionality of our administrative software in combination with the industry's premier database. This new product strengthens our market position, especially with large, complex health plans, and gives our customers another database to choose from."
"Working with TriZetto, a leader in the payer arena, further underscores Oracle's commitment to the healthcare industry," said Joe Duffy, senior vice president, Oracle Health Industries. "Combining Oracle9i Database with TriZetto's industry-leading Facets system enables organizations to address industry needs to improve operational efficiency and help ensure the security and privacy of patient information."
In addition to Oracle, Facets is compatible with Sybase or Microsoft SQL databases. TriZetto will offer and support Facets with all three databases.
Oracle9i Database is the most powerful database available for enterprise applications including transaction processing, content management, and business intelligence. Oracle9i Database with Real Application Clusters provides virtually limitless scalability and unbreakable reliability and security for all packaged applications.
About TriZetto
The TriZetto Group, Inc. offers a broad portfolio of healthcare information technology (IT) products and services that can be delivered individually or combined to create a comprehensive solution.
The company provides:
- leading proprietary and third-party software, including e-business applications;
- outsourced services, such as software hosting, transaction processing and IT department operations; and
- strategic and implementation consulting.
TriZetto is focused on three healthcare markets: payers, benefit administrators and physician groups. Its more than 550 customers represent approximately 40 percent of the U.S. insured population. Headquartered in Newport Beach, Calif., TriZetto can be reached at (949) 719-2200 or www.trizetto.com.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
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, the ability of TriZetto to meet its contractual obligations to 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.
CONTACTS:
TriZetto Media Relations
Audrey Mautner
303-495-7197
audrey.mautner@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. |
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