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Velocity Emerges as Healthcare Technology Leader
Date:11/10/2008

Successful migrations to its hosting platform, new client acquisitions

power dramatic growth

NEW YORK, Nov. 10 /PRNewswire/ -- A series of successful initiatives has driven Velocity Technology Solutions, Inc. to become one of the top providers of enterprise software application management, hosting and consulting services to the U.S. healthcare industry.

Velocity now serves more than 60 U.S. healthcare organizations. The company's investment in several strategic activities has fueled Velocity's dramatic growth and positioned Velocity as a market-leading provider. Velocity has:

-- Acquired the Lawson-hosted (ASP) line of business from Siemens Medical Solutions Health Services Division;

-- Engaged in a significant recruitment program to draft industry-leading healthcare IT talent to the Velocity's team;

-- Partnered with Verizon and IBM to build-out a new, massively scalable infrastructure and network to host its current and future healthcare clients;

-- Launched a strategic program to bring new technologies, such as workforce management and imaging enhancements, to healthcare clients;

-- Debuted its OneSource technology suite which includes self-service capabilities that provide greater control to clients over their systems and security; and

-- Introduced a rapid upgrade program support to enable clients to mitigate the time and resource commitments associated with the Lawson 9 application upgrade.

The healthcare sector has widely adopted Lawson software applications as a standard. Velocity is the leading provider of Lawson-managed services and is Lawson's preferred provider for hosting services.

"Velocity is well on its way to becoming a true partner for us," said Gregg Veltri, Chief Information Officer for Denver Health Medical Center, a Siemens' customer since 1999. "Transitioning is never without challenges. Velocity has been willing to listen, adjust to our business needs and care enough about our success to provide the necessary resources to be a solution provider. We've grown together in our relationship."

Velocity's exclusive strategic alliance with Verizon Information Technologies enables support of virtually every technology platform and permits unprecedented flexibility in developing comprehensive and tailored solutions for clients, including fully managed application hosting, remote application management, and disaster recovery services.

"As a health care organization, it's crucial that we keep all of our operations up and running, and Velocity has addressed our issues very appropriately to help ensure that happens," said Jim Booker, Supervisor of Materials Management, Information Systems for ValleyCare Health System, Pleasanton, California. "I would describe our Velocity relationship as very healthy and growing. We have a technology upgrade on the horizon and we'll certainly be counting on Velocity to take us through it successfully."

"Frankly, we don't worry about downtime, thanks to Velocity's systems security and redundancy" said Rick Canning, Chief Financial Officer for Stevens Hospital, Edmonds, Washington. "Velocity provides the high level of technology expertise we don't have on staff, and its attention to detail and effective communications makes our partnership strong."

According to Velocity President and CEO Tom Bruno, the company's healthcare success represents the organization's long-term business growth strategy in action. "We're very proud of our ongoing developments in the healthcare sector and are fully committed to providing our clients with personalized, high-quality application hosting and our full range of consulting and software support services," Bruno said. "We continuously seek ways to enhance our services and expand our offerings to our healthcare clients. Our investments in operations and in our business development and strategic growth initiatives are all focused to ensure that Velocity provides the greatest value possible to its clients and markets."

About Velocity Technology Solutions

Velocity has provided IT solutions to more than 500 organizations in the service- and product-oriented sectors including health care, public services, financial services, retail, food and beverage, fashion, manufacturing and distribution industries. Velocity has pioneered a unique approach to software hosting, Velocity On-Demand(TM), that is focused on proactive client services and a world-class infrastructure provided through an exclusive relationship with Verizon Information Technologies. For more information, visit velocityus.com or call 1-866-299-4998.

Contacts:

Gregg Bjork

Senior Vice President of Sales & Marketing

Velocity Technology Solutions, Inc.

Phone: 646-884-6604

gregg.bjork@velocityus.com


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SOURCE Velocity Technology Solutions
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