Portico(TM) Systems To Drive Growth With New Customer Solutions And Innovation
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Philadelphia, PA, September 25, 2006 - Portico(TM) Systems, the leader in Provider Network Operations solutions, announced today that it will utilize a $6 million capital investment from Safeguard Scientifics, Inc. (NYSE:SFE) to enhance how it delivers value to its quickly growing client base of healthcare insurance companies through service implementation excellence and product innovation.
"Portico Systems has seen several consecutive years of rapid growth," stated Ned Moore, CEO of Portico Systems. "This investment allows us to deliver the best service and products possible to an increasing number of clients who look to us for business solutions to support the ever changing and demanding healthcare marketplace. We're continually seeking ways to ensure execution success for them and deliver a superior product set."
"We are committed to providing our customers with world class service as well as aligning our product innovation with their needs," said Sam Muppalla, COO of Portico Systems. "To ensure our customers' success we are scaling our team of accomplished professionals while implementing agile and disciplined processes."
Portico Systems is recruiting additional services, support, and product management staff to supplement its existing teams. The job postings can be found on the Portico Systems web site at porticosys.com/co_careers.php.
About Portico(TM) Systems
Portico Systems offers health plans enterprise-class software solutions built exclusively to support end-to-end Provider Network Operations. Since 1997, Portico Systems has been enabling payers to streamline their provider business processes. Portico Systems leverages a unique blend of healthcare operations experience, payer/provider relationship expertise and technology skills to build holistic solutions engineered for the primary purpose of managing Provider Network Operations. Portico® Platform solutions improve processing accuracy, reduce costs and enhance provider satisfaction by impacting a core area of health plan functionality. For more information, please contact Chris Jones at cjones@porticosys.com or 484-533-6241. You may also visit our website at www.porticosys.com.
About Safeguard
Safeguard Scientifics, Inc. (NYSE: SFE) builds value in high-growth, revenue-stage information technology and life sciences businesses. We provide growth capital as well as a range of strategic, operational and management resources to our partner companies. Safeguard participates in expansion financings, corporate spin-outs, management buyouts, recapitalizations, industry consolidations and early-stage financings. For more information about Safeguard and its strategy, visit www.safeguard.com.
