PARIS, October 7 /PRNewswire-FirstCall/ -- Bull - expert in open, flexible and secure information systems, solutions and services and one of Europe's leading players in the IT industry - announces it has signed a definitive agreement for the acquisition of its Medicaid solutions business, mainly dedicated to Public Health and Human Services management in the United States by Ingenix, a leading health information, technology and consulting services company. These operations provide Medicaid and Human Services agencies with nationally recognized business intelligence and data warehousing solutions. The acquisition is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2008.
Didier Lamouche, Chairman and CEO of Bull declared: "This business is a 'niche' business for Bull, and as a result, we have decided to accept Ingenix's offer. The transaction will ensure continuity of all existing support and service contracts for these customers in the United States, while at the same time allowing Bull to focus even more intently on its core strategic businesses. Together with the acquisition we are announcing today in High Performance Computing, it demonstrates our determination to accelerate further the transformation of the Group."
Didier Lamouche added: "Ingenix is a large, U.S.-based enterprise, much better positioned to further grow this business, and committed to providing the best prospects for Bull's employees involved in this highly-focused area. I would like to thank all the employees in the Bull Medicaid business for their exceptional dedication to their customers and to the company over the years, and wish them every success with Ingenix."
Bull will focus its activities in the U.S. on four strategic business areas, where the company has long-standing customer relationships. These are IT infrastructure solutions, outsourcing services, IT security and postal automation solutions.
Bull operates in the U.S. through its subsidiary, Bull HN. Bull HN manages one of Bull's major R&D centers based in Phoenix, Ariz., which is dedicated to GCOS and high-end servers. This center will also continue to support Bull U.S. GCOS customers and host the outsourcing business dedicated to GCOS and UNIX users. Bull HN will continue to distribute Bull products and solutions to its customers. In the IT security area Bull's subsidiary Evidian, leader in IAM(1), has recently joined forces with Quest which distributes Evidian's unique E-SSO(2) security technology. Finally, Bull intends to grow its postal automation activity in the U.S. and worldwide through its subsidiary AddressVision, Inc. located in Lacrosse, Wisconsin.
Financial terms of the transaction are not disclosed.
About Bull, Architect of an Open World(TM)
As one of the leading European IT companies, Bull delivers open,
flexible and secure information systems. The group helps public and private
sector customers transform their information systems, applying its know-how
and expertise in three main areas:
- Capitalizing on its extensive mainframe experience, Bull
designs and produces robust, innovative and open servers, based on
- Building on its alliances with leading ISVs and
long-standing involvement with Open Source, Bull develops and
implements flexible and interoperable application infrastructures which
give business processes the freedom to evolve;
- Bringing together recognized expertise in end-to-end IT
security, Bull secures data and exchanges that are so critical in
preserving customers' business integrity.
Bull has a particularly strong presence in the public, healthcare, finance, telecommunications, manufacturing and defense sectors. Its distribution network and business partners cover more than 60 countries worldwide.
For more information visit: http://www.bull.com
Ingenix, a wholly owned subsidiary of UnitedHealth Group (NYSE: UNH),
transforms organizations and improves health care through information and
technology. Organizations rely on its innovative products, services and
consulting to improve the delivery and operations of their business. More
information about Ingenix can be obtained at http://www.ingenix.com.
(1) IAM: Identity and Access Management software
(2) E-SSO: Enterprise Single Sign-On
Press contacts : Bull - Anne-Marie Jourdain - Phone: +33(0)1-30-80-32-52 - E-mail: email@example.com
Financial Dynamics - Tiphaine Bannelier / Florence de Montmarin - Phone : +33(0)1-47-03-68-10 - E-mail : firstname.lastname@example.org / email@example.com
Bull - investors contact
Bull Peter Campbell - Phone: +33(0)1-30-80-32-36 - E-mail: firstname.lastname@example.org
Financial Dynamics - Laurence Borbalan / Eloi Perrin-Aussedat - Tel: +33(0)1-47-03-68-10 - Laurence.email@example.com / firstname.lastname@example.org
Ingenix - Senior Director Corporate Communications & Events
Joan Schimml - Phone: +1-952-833-6582 - E-mail: Joan.Schimml@Ingenix.com
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