LAKE BUENA VISTA, Fla., Sept. 29 /PRNewswire/ -- VitalSpring Technologies, the innovator in health benefits performance software, announced today that the Company has won a coveted DM Review "2005 World Class Solutions Award" for its technology approach to managing health benefits. The Award program, sponsored by DM Review Magazine -- the premier source for business intelligence, analytics, integration and data warehousing-- has taken place annually since its inception in 1996.
VitalSpring was selected for excellence in the category of analytic software applications; Raytheon was recognized for its best practices in managing health benefits as a result of using the VitalSpring solution.
The 2005 Award winners were announced last evening in a special ceremony held during the DCI's Business Intelligence and Data Warehousing Conference taking place here this week. More than 100 applications were submitted for the award program from global organizations.
Sreedhar Potarazu, President and CEO of VitalSpring accepted the award along with Rose Umile, Senior Manager of Employee Benefits at Raytheon. Both executives participated in an exclusive panel discussion earlier that day that highlighted the benefits of the VitalSpring application in enabling Raytheon to fulfill their world-class approach to optimizing cost and quality of their healthcare offerings.
"It is an honor and a privilege to receive this outstanding vote of achievement by the leading experts representing the many facets of the software industry," said Sreedhar Potarazu, president and CEO of VitalSpring. "It is rewarding to witness the specific, positive results that Raytheon has experienced as a result of their VitalSpring implementation and to see how that company has raised the bar in setting new standards for managing healthcare."
In presenting the award to Dr. Potarazu and Ms. Umile, Brian Cronin, publisher of DM Review, said that VitalSpring demonstrated significant business value with both quantitative and qualitative benefits.
The VitalSpring application links information from an organization's internal SAP ERP system with information related to medical claims, pharmacy claims and other benefits costs from external systems -- enabling HR, Benefits and Finance executives to optimize the cost and quality of their health benefits programs.
About VitalSpring Technologies, Inc.
VitalSpring Technologies is the first enterprise software company to deliver business intelligence solutions that enable large, self-insured corporations and government agencies to better manage and control healthcare benefits costs. VitalSpring is the only enterprise software company focused exclusively on leveraging employers' purchasing power within their health benefits supply chain. The Company received two consecutive product of the year awards -- for 2003 and 2004 -- by Human Resource Executive Magazine. For more information, visit http://www.vitalspring.com.
VitalSpring TechnologiesCONTACT: Liz Sara, +1-202-255-0134
Web site: http://www.vitalspring.com/