AMISYS Will Move 3000 Payer Software to HP-UX System; Company Has Set Migration Schedule of 15 Months For AMISYS Advance Product.

Business Editors/Hi-Tech Writers

ROCKVILLE, Md.--(BUSINESS WIRE)--April 4, 2002

AMISYS LLC, which offers information management solutions for health care payers, will move its AMISYS 3000(R) software to the HP-UX operating system in 15 months, the company announced today.

AMISYS plans to have a prototype of Release 1 of the new product, called AMISYS Advance, available to demonstrate in September. Beta testing is scheduled for March 2003, with general availability expected in June 2003. General availability of Release 2, which will include a graphical user interface, is planned for January 2004.

"We believe AMISYS Advance will be the future foundation of the company," said Steve Rock, AMISYS president and chief executive officer. "Transitioning to the HP-UX operating system will provide a number of advantages to our customers. In addition to offering the same rich functionality as AMISYS 3000, the HP-UX solution is cost-effective. Retraining needs will be limited. And since business processes remain the same, we don't expect customers to experience any disruptions with the migration."

AMISYS did a detailed evaluation of operating systems for its AMISYS 3000 health care payer software, Rock said. "The HP-UX option was the clear choice. It provided the alternative with the lowest risk, lowest cost and fastest time to market."

To meet the release schedule, AMISYS will dedicate many of its developers to the migration, Kathleen McCarthy, AMISYS chief operating officer, said. "We want to make sure that current customers and other health plans considering our software understand we're committed to transitioning to the new platform as smoothly and rapidly as possible. We've formed our staff into a series of teams that will deal with phases of this project."

The last major AMISYS 3000 release will be Release 11.01, due in August. Experienced AMISYS staff will continue to support Release 11 through 2006, and Release 10 through June 2004, McCarthy said.

AMISYS sought customer, industry input into migration decision

AMISYS established a transition committee in December 2001 to determine options and develop a plan for evaluating and migrating to a new platform. Several customers and industry and technical experts sat on the committee, which also surveyed other customers to determine their needs and preferences.

"That input played an important part in the decision to transition to HP-UX," McCarthy said. "Functionality, scalability and ease of implementation were everyone's highest priorities. We believe the HP-UX platform will meet all those needs."

Application hosting available through Synertech(R)

Application hosting of AMISYS 3000 and AMISYS Advance will continue to be an option through Synertech (www.synertechsystems.com), a premier application services provider (ASP) and business process outsourcer to the health care payer industry. An application hosting arrangement is a viable option for health plans during migration from AMISYS 3000 to the new system.

AMISYS and Synertech, Harrisburg, Pa., are owned by Platinum Equity, which specializes in the acquisition and operation of mission-critical technology companies. Synertech also offers application hosting for the AMISYS C/S (Client/Server) platform.

AMISYS

AMISYS LLC (www.amisysllc.com) offers comprehensive information management solutions to health care payers. One product, AMISYS 3000, is a highly evolved suite that offers a comprehensive, robust and flexible solution to meet the information needs of a virtually unlimited variety of health care payer delivery models.

It is very efficient, achieving high auto adjudication rates, and it provides extensive health care payer functionality. AMISYS 3000 automates all critical business functions, including membership enrollment and eligibility, claims adjudication and payment and provider contract management and pricing.

A second product, AMISYS C/S, is a cost-effective health care payer information management solution that supports HMOs, provider-based payers, employers, unions and carve-out entities. Its applications help health care payers control their financial exposure while focusing on effective health care management.

Platinum Equity

Platinum Equity (www.peh.com) is one of the largest and fastest-growing private buyout firms in the United States, specializing in the acquisition and operation of global, mission-critical technology companies.

Since the company's founding in 1995, Platinum has completed more than 30 transactions of global, mission-critical companies with leading Fortune 500 corporations including Williams Communications, Motorola, Staples, Fujitsu, WorldCom, AT&T and IBM.

Today, Platinum Equity has a multi-billion dollar revenue base, an established infrastructure in North America, Europe, Asia and South America and a workforce of more than 10,000 employees serving more than 120,000 customers throughout the world. Platinum Equity was recently ranked by Forbes magazine as the 75th largest private company in the United States.