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XIFIN Inc. Expands Its Executive Management Team
Date:2/24/2009

SAN DIEGO, Feb. 24 /PRNewswire/ -- XIFIN Inc., the leading provider of revenue cycle management for diagnostic laboratories, announced today that it has added two new members to its Executive Management Team to help guide the company's rapid growth.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081013/LAM046LOGO)

Steve Zaniboni joins XIFIN as Chief Financial Officer. Mr. Zaniboni has most recently served as Chief Financial Officer of AviaraDx (acquired by bioMerieux). Prior to AviaraDx, Mr. Zaniboni was CFO of Arcturus Bioscience (acquired by Molecular Devices Corp., now MDS). He joined Arcturus from Sequenom, where he served as Chief Financial Officer. He also held various financial management positions at Aspect Medical Systems, Behring Diagnostics, and Boston Scientific. Mr. Zaniboni's experience includes raising over $500 million through IPO proceeds for high growth healthcare companies. He holds a B.S. in accounting from Boston University and an M.B.A. from Boston College.

R. William (Bill) Taylor also joins XIFIN as VP of Marketing. Mr. Taylor brings over 25 years of high technology experience focusing on software companies ranging from start up to multi billion dollar enterprises. Most recently Mr. Taylor served as VP, Marketing and Corporate Development for Accelrys Inc. where he drove the re-invention of the company's mission and grew revenues from new markets at 50%/yr. resulting in a bookings increase of over 300% in three years. Prior to Accelrys Mr. Taylor served as an IBM Strategy Executive were he drove the strategy for the rapid growth of the ~$1B Rational brand within IBM Software Group.

"I am very pleased to have Steve and Bill join our executive team", said Lale White, XIFIN's CEO and Executive Chairman. "With their experience and leadership we are well positioned to continue the rapid expansion of our business by delivering the most complete solution for Revenue Cycle Management to new and growing segments of Diagnostic Service Providers".

In addition to the current expansion of the executive team, XIFIN expects to grow its staff by roughly 50% this year to keep pace with the strong demand for XIFIN's Revenue Cycle Management solution. To accommodate its expansion, on February 23rd 2009, XIFIN moved its corporate headquarters to new and larger facilities located at 3394 Carmel Mountain Road, San Diego.

About XIFIN, Inc.

XIFIN delivers a highly automated, Web-based application with integrated infrastructure and business process services to support laboratory Accounts Receivable and financial management operations. XIFIN targets process errors that lead to bad debt, rework and compliance liabilities, through its closed-loop, rules-driven workflow automation. XIFIN Services manage, deliver and maintain the entire infrastructure supporting A/R including: Connectivity, reference databases, payer requirements, transaction services vendors, hardware & software, as well as compliance/regulatory workflow logic. To learn more, visit www.xifin.com.


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SOURCE XIFIN, Inc.
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