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Home / India News / 2007 / May / May 22, 2007
Cambridge Technology Enterprise Limited Forays into Healthcare

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Cambridge Technology Enterprise Limited Forays into Healthcare

Mumbai, Maharashtra, India

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.

For more information, please visit http://www.ctepl.com or e-mail us at info@ctepl.com

ramesh@ctepl.com ksaritha@ctepl.com

Source: Cambridge Technology Enterprises Limited (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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