| Hyderabad, India: May
22, 2007 – Cambridge Technology Enterprise Limited (CTE),
a thought leader, innovator, and a leading provider of comprehensive SOA-based
solutions, has set into a new vertical – Healthcare - to broaden
its domain expertise. CTE has signed a strategic partnership agreement
with ProVentive, Inc., an innovative solution provider for Intervention
and Performance Management in Healthcare. The scope of partnership agreement
includes completing the software development of ProVentive’s product
HealthFlo and also supporting ProVentive with implementation and customization
services for HealthFlo at customer sites. The partnership is expected
to generate over one million dollars in business for CTE during the current
fiscal year.
CTE will help ProVentive develop HealthFlo software within the SOA Framework.
CTE’s SOA solutions promise low development and maintenance cost
and greater flexibility making it a contemporary and a well accepted technology
solution. CTE’s SOA solutions are helping midsize enterprises or
midsize business units of G2000 companies, to turn technology innovation
into business results – enabling them to innovate and invent their
future. CTE envisions great synergies with ProVentive to explore opportunities
in the health care space through effective joint campaigns.
Bhaskar Panigrahi, Chief Executive Officer, CTE said,
“This partnerhsip is an important milestone in CTE’s history.
This partnership has enabled us to launch our new Healthcare practice.
Healthcare is the second largest industry vertical in United States and
is ripe for transformation. Our SOA-led transformation solutions will
have strategic impact to healthcare enterprises.
James C. Fitchett, Chief Executive Officer, ProVentive
said, “ProVentive is delighted to be working with the proven, innovative
and rapid CTE team. They have a remarkable track record with stellar references,
and are superb collaborators. They listen to their customers and anticipate
extremely well. The synergies between our two companies and our respective
approaches will add significant value for our customers.”
About ProVentive
ProVentive is an information and professional services firm which offers
consulting services and tools to help customers reduce their healthcare,
disability and workers compensation costs. They do this through proactive
identification and intervention of high risk, high cost individuals. In
the US, 50% of the cost for Insurance companies is spent on 5% of the
insured population. Through statistical modeling, pattern recognition
and rules processing (especially for individuals with multiple chronic
conditions), HealthFlo is able to identify likely candidates in need of
early intervention and automate the intervention process. Through intervention
management and outcomes tracking, their customers are able to reduce costs
while improving health. More importantly, they are able to get individuals
at high risk the help they need, before their conditions become catastrophic.
Visit http://www.proventive.com
for more information.
About Cambridge Technology Enterprises
Cambridge Technology Enterprises (CTE), a thought leader, innovator,
and a leading provider of comprehensive Service Oriented Architecture
(SOA)-based solutions and services, has a focus on building and integrating
Enterprise Transformation applications. CTE defines SOA innovation as
the intersection of business insight and technological invention, and
uses its business-process knowledge and its service offering expertise
to identify new SOA business and technology trends and create revolutionary
solutions. A CMMI Level 5 business innovator, CTE has a proven track record
of On Time and On Budget delivery of high-quality Business Transformation
Solutions that enable enterprises to add value through improved operational
performance, increased revenues and profitability, gain in differentiating
capabilities and visible competitive advantages.
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