Navigation Links
Bull Continues Repositioning and Announces the Acquisition of its Medicaid Solutions Business in the United States by Ingenix
Date:10/7/2008

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

industry-standard technologies;

- 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

About Ingenix

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

Contacts:

Press contacts : Bull - Anne-Marie Jourdain - Phone: +33(0)1-30-80-32-52 - E-mail: anne-marie.jourdain@bull.net

Financial Dynamics - Tiphaine Bannelier / Florence de Montmarin - Phone : +33(0)1-47-03-68-10 - E-mail : tiphaine.bannelier@fd.com / florence.demontmarin@fd.com

Bull - investors contact

Bull Peter Campbell - Phone: +33(0)1-30-80-32-36 - E-mail: peter.campbell@bull.net

Financial Dynamics - Laurence Borbalan / Eloi Perrin-Aussedat - Tel: +33(0)1-47-03-68-10 - Laurence.borbalan@fd.com / eloi.perrin-aussedat@fd.com

Ingenix - Senior Director Corporate Communications & Events

Joan Schimml - Phone: +1-952-833-6582 - E-mail: Joan.Schimml@Ingenix.com


'/>"/>
SOURCE Bull
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. NJHA: Hospitals Achieve Gains in Healthcare Quality, But Commitment to Improve Continues
2. Perfect Pushup Continues Company Evolution With Launch Of Enhanced Perfect Pullup Now Available at Retail
3. Beverage Industry Continues Cutting Calories in Schools, Delivering on Its Commitment to Change Beverage Mix
4. 5- and 10-year survival continues to improve for US children with hematologic malignancies
5. LOreal Paris Continues Passionate Commitment to Ovarian Cancer Research and Awareness Programs in 2008
6. Greenway Medical Technologies Growth Continues with Significant Fiscal Year 2008 Gains
7. Dragon Dream Team Continues to Send Message of Hope a Year Later
8. India continues to progress in AIDS vaccine development efforts
9. Infant Heart Transplant Controversy Continues
10. Sentrx Growth Continues with Four New Clients in Second Quarter
11. Ingenious Med Continues Record Customer Growth and Approaches Key Milestones
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... ... ... It has just been announced Jack Uldrich, renowned futurist and ... of May. , Uldrich is the author of 11 books and a regular guest ... the Science Channel’s FutureScape and Discovery Channel’s Inside Out. , Known the world over ...
(Date:5/2/2016)... ... May 02, 2016 , ... As directed by its board of ... issues its full support to allow certified nurse practitioners (CNP) to practice to the ... worked under such supervision for three years and 3,600 hours. , In addition, HAP ...
(Date:5/2/2016)... ... ... Eating Recovery Center’s Insight Behavioral Health Center (ERC Insight) , a ... eating disorder program under a new name: Eating Recovery Center, Chicago (ERC Chicago). ERC ... , To celebrate, ERC Chicago will host a ribbon-cutting ceremony and open house on ...
(Date:5/2/2016)... ... May 02, 2016 , ... ... for the 2016 Main Residency Match® (“the Match”), the system through which U.S. ... teaching institutions. A record-high 30,750 positions were placed in the 2016 Match, and ...
(Date:5/2/2016)... ... , ... East Los Angeles dentist , Dr. Ramin Assili, is now ... receive any dental extraction treatment for $40 off the regular price. This promotion cannot ... lower price, patients can more easily afford extractions to eliminate teeth that are damaged ...
Breaking Medicine News(10 mins):
(Date:5/2/2016)... , May 2, 2016 Leading Economies with Fastest ... 10.2 Côte d,Ivoire 8.6 Uzbekistan 8 Ireland 7.8 India 7.3, , ... BRICS nations , which comprises of Brazil , ... and South Africa , registered the fastest GDP growth ... in China , recession in Brazil ...
(Date:5/2/2016)...  Celsion Corporation (NASDAQ: CLSN ), an ... the first cohort of patients in its Phase ... combining GEN-1, the Company,s DNA-based immunotherapy, with the ... patients with advanced ovarian cancer who will undergo ... the first three patients dosed, GEN-1 plus standard ...
(Date:4/29/2016)... India , April 29, 2016 ... Pipeline Review, H1 2016" market research report that ... complete with comparative analysis at various stages, therapeutics ... route of administration (RoA) and molecule type, along ... releases. It also reviews key players involved in ...
Breaking Medicine Technology: