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News: Web Hosting and Management Services Group, TriZetto, to be Acquired by Apax
Newport Beach, California - (The Hosting News) - April 22, 2008 - Enterprise and component software, hosting and business process outsourcing services firm, The TriZetto Group Inc., has entered into a definitive agreement to be acquired and taken private by funds advised by Apax Partners growth-focused, global private equity firm.
Jeff Margolis, Chairman and CEO of TriZetto noted, ''The achievement of TriZetto's Integrated Healthcare Management vision is a multi-year journey that will require both conventional and non-conventional business investment within an integrated framework. Payers are in the best position to lead the way towards fundamental industry improvements, and our technology solutions are essential in supporting that transformation. Apax Partners, which shares our strategic view of the marketplace, provides an outstanding opportunity to accelerate solutions development investments on behalf of our payer customers to create an integrated linkage among consumers, providers, employers and brokers.''
With $35 billion in funds under advice and significant expertise in healthcare and technology, the terms of the agreement plan a merger, and TriZetto shareholders will receive $22.00 per share in cash, representing a 29% premium over the 30 calendar-day average closing price of the company's stock. The transaction is valued at approximately $1.4 billion, including consideration for stock options and shares related to TriZetto's outstanding convertible notes. BlueCross BlueShield of Tennessee and The Regence Group, both customers of TriZetto, are providing a portion of the funding for the transaction and will be equity investors in the newly private company.
Buddy Gumina, a partner and head of U.S. healthcare at Apax Partners remarked, ''We see the confluence of healthcare and information technology as a key area of focus for strategic investments. TriZetto represents a unique asset with a tremendous opportunity to drive positive changes in organized systems of healthcare, both in the U.S. and abroad. We look forward to helping the company accelerate the realization of its vision, and we are delighted to have the investment participation of two of TriZetto's key customers who have had a long history in working with the company and recognizing the strategic importance of IT as a critical component of adapting to the needs of the rapidly evolving healthcare landscape.''
Bill Sullivan, a partner at Apax Partners, offered, ''TriZetto is led by an outstanding management team that we know very well, and we are looking forward to working with them as our strategic partner on the next stage of the company's development. Furthermore, we are delighted to be investing in a company that straddles two of our core investment sectors, healthcare and technology.''
TriZetto's Board of Directors approved the transaction, which is subject to customary closing conditions, including shareholder and regulatory approvals. Closing is expected to take between four and six months. The company does not anticipate any material changes in its product offerings, staffing or facility locations as a result of this change in ownership.
RBC Capital Markets is the exclusive debt underwriter on the deal. Deutsche Bank Securities acted as the exclusive financial advisor to Apax Partners. BlueCross BlueShield of Tennessee and Regence were advised by Cain Brothers and Company. UBS Investment Bank served as the exclusive financial advisor to TriZetto.
Apax Partners is one of the world's leading private equity investment groups. It operates across the United States, Europe, Israel and Asia and has more than 30 years of investing experience. Funds under the advice of Apax Partners total $35 billion around the world. These Funds provide long-term equity financing to build and strengthen world-class companies. Apax Partners Funds invest in companies across its global sectors of Tech and Telecom, Retail and Consumer, Media, Healthcare and Financial and Business Services. Significant recent investments by the Apax Partners Healthcare and Tech andTelecom teams include: General Healthcare Group, Capio, Apollo Hospitals, Qualitest Pharmaceuticals, Spectrum Laboratories, SMART Technologies and TDC A/S.
Headquartered in Newport Beach, California, TriZetto's technology services nearly half of the U.S. insured population, to drive the convergence of health benefit administration, care management and constituent engagement. The company provides premier information technology solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers. Healthcare payers include national and regional health insurance plans, and benefits administrators that provide transaction services to self-insured employer groups. The company's payer-focused information technology offerings include enterprise and component software, hosting and business process outsourcing services, and consulting. Headquartered in Newport Beach, Calif
For more information bout Apax Partners, please visit: www.apax.com.
To learn more, please visit: www.trizetto.com.
Posted by editor on Tuesday, April 22 @ 08:54:13 EDT (1220 reads)
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News: Website Digital Content Firm, Sonic Solutions, Upgrades Blu-ray Authoring Suite
Novato, California - (The Hosting News) - April 22, 2008 - Digital media software firm, Sonic Solutions, has released its new major upgrade to the world's leading professional Blu-ray Disc creation solution, which expands capabilities for the creation of BD-J titles.
The new Scenarist BD 4.5 version's expansion capabilities, fuse Java-programmed applications to enable the integration of high-definition audio and video with advanced interactivity. Numerous workflow enhancements were added to speed title creation, and the software package also includes Sonic's new Scenarist Safeguard tool for setting security parameters on BD-J content. Scenarist BD 4.5 began shipping at the start of April.
Chris Neely, Vice President of Development for Sonic's Professional Products Group noted, ''Our customers need to increase productivity and throughput efficiency if they are to participate profitably in the BD authoring market. The Scenarist BD upgrade directly addresses this need, delivering fast and powerful tools for BD production. With an all-new BD-J creation environment and new capabilities such as BD+ content protection and security signing, Scenarist offers our customers all the necessary features to further develop their BD business and to push BD titles in new and exciting directions.''
The BD-J enhancements in Scenarist BD 4.5 include a new BD-J project creation wizard, a new user interface supporting drag-and-drop application creation, the Scenarist Safeguard security tool, and all-new BD-J tutorials. Scenarist BD 4.5 also enables enhanced workflow design for faster project completion, comprehensive BD+ content protection support, and distributed multiplexing.
William Roe, General Manager, icandy interactive remarked, ''As the Blu-ray Disc format gathers momentum, production efficiency becomes an increasingly vital component of our BD workflow. The new version of Scenarist offers major workflow advantages that will enable us to complete titles faster and more efficiently than ever before, allowing us to increase throughput and provide a competitive service for our clients.''
Sonic Solutions provides solutions to enable the creation, management, and enjoyment of digital media content through its Hollywood to Home™ products, services, and technologies. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD and Blu-ray Disc titles to the award-winning Roxio-branded photo, video, music, and digital-media management applications. Sonic's patented technologies and AuthorScript media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats, including the Qflix platform.
To learn more, please visit: www.sonic.com.
Posted by editor on Tuesday, April 22 @ 08:42:55 EDT (446 reads)
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News: Managed Hosting Firm, NTT, Sponsors Capacity Latam 2008
New York, New York - (The Hosting News) - April 22, 2008 - Information and communications technology (ICT) solutions firm, NTT Communications Corporation, (NTT Com), was recently a Gold Sponsor of the Capacity Latam conference.
Capacity Latam 2008, is Capacity magazine's 5th annual Latin American wholesale telecommunications congress for carriers and service providers across Latin America and internationally. In addition, NTT America executives spoke on and moderate panels at the event. NTT Communications also sponsored a lunch and opportunity to network. Kazuhiro Gomi, CTO, NTT America, joined executives from ANTEL, BTS USA, Verizon Business and Yahoo! Brazil in a panel discussion, ''Market Update: Identifying the Drivers of Capacity Demand: Key Market Segments and Services, Convergence and IP,'' moderated by Luis Cabral, Pre-sales Director, INTEC. The panel identifed key drivers of capacity demand in the Latin American wholesale market, assessed the impact of increased demand on bandwidth requirements, defined customer needs and requirements (QoS, redundancy, diversity, resilience) and discussed developing effective business strategies to meet the needs of customers.
Doug Junkins, Vice President of IP Engineering, NTT America, moderated the panel, ''International Access: Optimising Regional and International Connectivity in the Latin American Market: Capacity Investment, Partnership and Collaboration Strategies.'' During the panel, executives from China Telecom Americas, IFX Networks, Level 3 Communications, PCCW Global and Tiscali International Network assessed the status of new and existing sub-sea cable systems in Latin America, evaluated the impact of increased international capacity demand on the future developments in the Latin American market, pinpointed future growth opportunities to extend market coverage and discussed developing effective collaboration strategies to access new markets.
The Capacity Latam 2008 has firmly positioned itself as the must- attend Latin American telecommunications conference. Over 250 senior executives from more than 90 organizations across the region and internationally came together to discuss domestic and international wholesale telecommunications and market opportunities.
With broadband penetration exceeding 20% of households in some countries and growing at 11% CAGR, the bandwidth requirements in Latin America demands global attention. The event was held at Renaissance Sao Paulo Hotel, Alameda Santos, 223, Sao Paulo, SP 01419-002, Brazil. Tel: +55 11 3069 2233.
Recently, NTT debuted the launch of its Global Unified Threat Managed (Global UTM) service, designed to provide Arcstar Global IP-VPN customers with integrated services for planning, constructing, managing and implementing effective protection against network security threats.
Global UTM utilizes a range of security technologies to provide IP-VPNs with comprehensive protection against threats. A service package typically includes modules for integrated firewall, IPSec VPN, iIntrusion Protection System(IPS) antivirus content and spam filtering. The service enables customers to utilize outsourced security management with 24/7 support to monitor their network traffic and protect themselves against threats that could potentially impact their businesses.
Security incidents are managed expertly by NTT Com's Security Operation Center (SOC), which specializes in root-cause analysis, incident remediation and other security-management measures. The service offers numerous competitive features, including: - Comprehensive security management for global enterprise networks. - Integrated suite of services covering a variety of security measures. - World-class security developed in collaboration with leading third-party research centers. - Real-time identification of threats and rapid recovery for minimized impact. - Total-cost optimization of global security management. Multinational companies are demanding security-management services on a single platform to help them prevent or minimize increasingly sophisticated threats to their network security.
In particular, multinationals need to be able to manage server, PC and firewall security locally and contain security incidents before they spread throughout their global networks. With the service, hardware and software is installed locally on the client's premises by dedicated engineers of NTT Com and its overseas affiliates or partners, with support from device vendors.
A key option is the Real Time Event Notification Service, which provides immediate notification of any security threat exceeding a client-specified level. Professional security engineers are available on a 24/7 basis to analyze security events and devise rapid countermeasures. NTT Com will launch the Global Unified Threat Managed Service in Australia, Brazil, France, Germany, Hong Kong, India, Indonesia, Japan, Malaysia, Netherlands, Philippines, Singapore, South Korea, Taiwan, Thailand, U.K., U.S. and Vietnam beginning April 1. Three levels of service will be available depending on client needs.
NTT Communications Corporation (NTT Com) provides information and communications technology (ICT) solutions worldwide with dedicated professionals stationed in 21 countries. Renowned as an IPv6 technology pioneer and managed service expert, NTT Com offers diverse high-quality IP, web-based, and managed network solutions combining network management, security, ubiquitous, web portals/engines, and global services. Its Tier 1 Internet backbone and secure closed networks with over 98,000 MPLS ports, combined with the networks of partner companies around the world, connect more than 200 countries. The company earned non-consolidated revenues exceeding one trillion yen (about 10 billion USD) in fiscal 2006 ended March 31, 2007. NTT Com started as a long-distance phone company in 1999 after the reorganization of the NTT Group, and is the wholly-owned subsidiary of NTT, one of the world's largest telecommunications companies. NTT is listed in Japan, London and New York stock exchanges.
To learn more about NTT Com, please visit: www.ntt.com.
Posted by editor on Tuesday, April 22 @ 08:34:10 EDT (352 reads)
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News: HostMySite.com Web Hosting Company, Upgrades Website, with Relaunch
Newark, Delaware - (The Hosting News) - April 21, 2008 - Web hosting firm, HostMySite.com, has redesigned its website, with strong focus on managed dedicated servers and VPS hosting, the culmination of several months of internal and outside design and development work.
The website also introduces a new tagline for the HostMySite.com brand: 'Service Defined'. The 'Service Defined' tagline encompasses the deep committment that HostMySite.com has developed for 100% customer satisfaction. HostMySite.com CEO, Lou Honick, has outlined the company's service philosophy at: www.hostmysite.com/servicedefined. The 'Service Defined' theme is also evident in the presented customer testimonials, which confirm the strategic value in maintaining the highest levels of customer service and support.
The new HostMySite.com website presents web hosting solutions to four key audience segments: personal website creators, professional developers and designers, small business website owners, and those needing enterprise scale hosting solutions. The site also builds on the strong markets that HostMySite.com has served in managed dedicated servers and VPS hosting. The managed dedicated sections of the website have been updated to present a complete online data center tour, vastly increased detail on the dedicated server offerings at HostMySite.com and tools for determining which dedicated server solutions best match a client's needs. To view the new dedicated server section of the HostMySite.com website please visit: www.hostmysite.com/dedicatedservershosting.
Tom Shebest, Creative Director at HostMySite.com remarked, ''Development time was reduced by implementing the Agile development process, ensuring tasks were completed correctly and on time. HTML and CSS production time was reduced significantly by implementing a CSS framework that allowed us to rapidly move from wireframes to complete webpages. The combination of these three factors allowed the team to spend the majority of development time improving the HostMySite.com experience for our customers.''
The company included clients and client testimonials within the design, in keeping with HostMySite's customer-centric approach. The main page of the website focusses on testimonials from current HostMySite.com clients. The 'Customer Stories' section of the new website highlights various customers who convey their experiences with HostMySite.com. To see these customer stories, please view: www.hostmysite.com/stories.
HostMySite.com was founded by partners Lou Honick and Neil Heuer in 1997. The foundation of the culture at HostMySite.com is a top-down commitment to complete customer satisfaction. HostMySite.com provides individuals, small businesses, and large corporations with affordable dedicated servers, VPS hosting, and ColdFusion hosting, supported by 24x7x365 live support through toll-free telephone, email, and live online chat.
For more information about HostMySite.com, please visit: www.hostmysite.com.
Posted by editor on Monday, April 21 @ 09:18:27 EDT (330 reads)
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News: Dedicated Server Solution, Selected as Exclusive, from SoftLayer Web Hosting
Dallas, Texas - (The Hosting News) - April 21, 2008 - On-demand hosting services and virtual data center provider for the small to medium enterprise (SME), SoftLayer, has been selected in a long-term partnership with EIRCA Ltd., as the company's exclusive dedicated server provider.
EIRCA's existing servers will migrate to SoftLayer facilities, where all new servers will be deployed as well. The partnership also makes EIRCA the SoftLayer's preferred partner for customers deploying managed H-Sphere Clusters.
Simon O'Rourke, Founder and CEO of EIRCA noted, ''We searched for a data center provider that shares our philosophy towards customer service, with an infrastructure we can deliver to our customers with 100% confidence. After testing multiple providers over several years, we found SoftLayer to be the best.''
Lance Crosby, CEO of SoftLayer remarked, ''EIRCA has been a great partner over the last few months. Formalizing our relationship was a natural next step.''
EIRCA currently serves over 105,000 domains and has supported H-Sphere clusters for international customers since 2002. It leverages SoftLayer's network-within-a-network topology for secure and fast data movement between H-Sphere servers residing in all of SoftLayer's data centers.
H-Sphere, now owned by Parallels, is a scalable automation control panel for multi-server web hosting services and powers over approximately 1.7 million websites.
Kurt Daniel, Senior Vice President of marketing and online, Parallels commented, ''H-Sphere allows clients to create a reliable hosting infrastructure for their clients. We will continue to work with Softlayer to provide new features and product improvements for all Parallels products, including those recently acquired.''
EIRCA joins the growing list of resellers, hosting companies, and managed services providers that are leveraging the world-class infrastructure that SoftLayer has invested in over the last several years. Mr. Crosby added, ''We see a tremendous opportunity, as our model of on-demand IT adds even more value to our partners' core businesses.''
The mission of establishing EIRCA Ltd. has been premium technical support and complete automation. The company is best known for its specific dedication to clustered web hosting on the H-Sphere platform.
Headquartered in Plano, Texas, SoftLayer provides next-generation web hosting and on-demand datacenter services on a global basis from facilities located in Dallas, TX and Seattle, WA. Utilizing proprietary management tools coupled with the industry's first network-within-a-network topology, the company delivers unprecedented power and control to securely manage IT environments while providing unparalleled scalability.
For more information about EIRCA Ltd. or the H-Sphere cluster services, please visit: www.eirca.net
To learn more about SoftLayer, please visit: www.softlayer.com.
Posted by editor on Monday, April 21 @ 09:10:13 EDT (243 reads)
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