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Cincom Systems is aggressively recruiting integrators and value-added resellers (VARs) for its Cincom Intelligent Guided Registration(TM) (IGR(TM)) software product. IGR is a flexible, "rules-based" software application that can enhance any healthcare provider's registration system by guiding registration staff through even the most complex and sensitive scenarios. For example, if the correct insurance information and coordination of benefits is not entered, timely reimbursement is in jeopardy. By providing prompts to assist registrars in selecting from valid options, IGR populates the patient's record with the correct insurance data, resulting in enhanced accuracy, efficiency, and patient satisfaction; with the added benefit of reducing, even eliminating, the potential for delayed and/or denied payment. Cincom Goals Focus Solely on the Partner Cincom IGR is designed to appeal to the customers a partner already has. Cincom's proven marketing programs are designed to get the message out rapidly to a partner's customer base and Cincom's proven training programs make the partner ready to handle the demand. Cincom's IGR partners achieve rapid revenue and returns from what they already know about their customers' processes and needs -- by leveraging the relationships they already have to beef up their bottom line. Cincom's Intelligent Guided Registration has been proven to reduce registration errors, decrease training time for registrars, reduce cost of reworks, and help avoid denials and write-offs. IGR is often installed in less than 30 days and sits on top of a hospital's existing health information system. No Worries With Cincom "Acquisitions in the software field have worried integrators, VARS, and buyers, and sparked interest in Cincom. With a 38-year history as a private company and generating more than $100 million in revenue for 21 straight years, our customers and partners are reassured by Cincom's stability and global reach and support," said Chris Woodhead, director of Cincom's Intelligent Business Applications Group, which manages Cincom IGR. Cincom helps third-party companies with joint sales and marketing, support, and development of information-technology products and services. Cincom also has partnership opportunities for its data management; marketing, sales, and customer service; application development; manufacturing; and outsourcing/hosting solutions. For more information about what Cincom's Intelligent Guided Registration can do for channel partners, visit www.cincom.com/igr-partners. About Cincom Systems Cincom and its partners deliver and support innovative software and services to simplify complex business processes. For nearly 40 years, we have empowered thousands of clients worldwide to outperform the competition by providing ways to increase revenue, control cost, minimize risk, and achieve rapid ROI. For more information about Cincom's partner program, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to partners@cincom.com, or visit the company's website at www.cincom.com/partners. Cincom, the Quadrant Logo, Cincom Intelligent Guided Registration, Intelligent Guided Registration, and IGR are trademarks or registered trademarks of Cincom Systems, Inc. All other trademarks belong to their respective companies. © 2006 Cincom Systems, Inc. All Rights Reserved |
Cooper, chairman of Jones Heward Investment Counsel, the Canadian institutional investment management division of BMO Financial Group, will assume new responsibilities on the boards of certain BMO Financial affiliates that have direct dealings with Virtus
Virtus Investment Partners, Inc. , which operates a multi-manager asset management business, announced there will be a change in one of the two board positions currently held by representatives of BMO Financial Group .
(Logo: http://www.newscom.com/cgi-bin/prnh/20090105/NEM020LOGO )
As a result of changes in his responsibilities, Barry M. Cooper will relinquish his role as one of BMO Financial's director nominees on the Virtus board as soon as a replacement nominee has been considered and approved by the Virtus board. A replacement nominee has been submitted by BMO Financial to the Governance Committee and the Virtus board for consideration at the January 28 committee and board meetings.
Cooper, chairman of Jones Heward Investment Counsel, the Canadian institutional investment management division of BMO Financial Group, will assume new responsibilities on the boards of certain BMO Financial affiliates that have direct dealings with Virtus.
"We appreciate the guidance Barry has provided during this past year as we began operating as an independent, publicly traded asset management company," said George R. Aylward, Virtus' president and chief executive officer. "Barry has a keen understanding of the asset management business, and his experience has provided a valuable perspective for the Virtus board and management team."
Cooper was appointed to the Virtus board in January, 2009 under terms of the minority investment in Virtus by Harris Bankcorp Inc., a U.S. subsidiary of BMO Financial. Harris has $45 million in convertible preferred stock, representing a 23 percent equity position in Virtus, and has the right to designate two members of Virtus' board.
About Virtus Investment Partners
Virtus Investment Partners is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Additional information can be found at www.virtus.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which, by their nature, are subject to risks and uncertainties. Virtus Investment Partners, Inc. ("Virtus") intends for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These include statements relating to trends in, or representing management's beliefs about, our future transactions, strategies, operations and financial results, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "may," "should" and other similar expressions. Forward-looking statements are made based upon our current expectations and beliefs concerning trends and future developments and their potential effects on the company. They are not guarantees of future performance. Actual results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, which for Virtus include, among others: (a) the effects of recent adverse market and economic developments on all aspects of our business; (b) the poor performance of the securities markets; (c) the poor relative investment performance of some of our asset management strategies and the resulting outflows in our assets under management; (d) any lack of availability of additional financing on satisfactory terms or at all; (e) any inadequate performance of third-party relationships; (f) the withdrawal of assets from our management; (g) the impact of our separation from our former parent; (h) our ability to attract and retain key personnel in a competitive environment; (i) the ability of independent trustees of our mutual funds and closed-end funds, intermediary program sponsors, managed account clients and institutional asset management clients to terminate their relationships with us; (j) the possibility that our goodwill or intangible assets could become further impaired, requiring a charge to earnings; (k) the strong competition we face in our business from mutual fund companies, banks and asset management firms most of which are larger than we are; (l) potential adverse regulatory and legal developments; (m) the difficulty of detecting misconduct by our employees, sub-advisors and distribution partners; (n) changes in accounting standards; and (o) certain other risks and uncertainties described in the 2008 Annual Report on Form 10-K and in our other filings with the SEC. Virtus does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
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Virtus Investment Partners, Inc.
CONTACT: Joe Fazzino of Virtus Investment Partners, Inc., +1-860-263-4725,joe.fazzino@virtus.com
Web site: http://www.virtus.com/