Business Services Industry

Zavata's STI Knowledge Announces Strategic Partnership with B Wyze Solutions

Business Wire, Feb 2, 2006

ATLANTA -- Zavata today announced that its STI Knowledge division has partnered with B Wyze Solutions (www.bwyze.com) of Markham, Ontario, a leading provider of IT Service Management and Corporate Education solutions. B Wyze Solutions will serve as the exclusive education distributor in Canada for STI Knowledge courses and curriculum. Additionally, B Wyze Solutions has partnered with STI Knowledge to deliver ITIL consulting services, which includes ITIL prescriptive guidance analysis, assessments, and ITIL implementations. "We chose B Wyze Solutions because their delivery methodology is similar to ours, offering a more prescriptive approach to consulting services, with a quantifiable return on investment," says Satish Sanan, Chairman and CEO of Zavata. "This approach significantly improves our all around service and delivery to our customers."

Zavata and B Wyze Solutions plan significant co-marketing activities beginning this year. "We are looking forward to partnering with B Wyze Solutions as they are a true industry leader. The future holds a very strong relationship between both companies and we look forward to expanding our business with B Wyze Solutions," Mr. Sanan continues.

As an innovative leader in ITIL education and certification, STI Knowledge and its partners have worked diligently to develop a dynamic ITIL offering, from roundtables and webinars to advanced certification, consulting, and ITIL-based outsourced solutions. "Our comprehensive product and service solutions are supported by a robust offering of education courses which assist our customers in achieving their IT business goals," says Mr. Sanan. STI Knowledge is now offering the next-generation of ITIL courses, prescriptive ITIL e-learning courses. These online courses are often customized and provide our customers a one to many method of ITIL training, through a cost effective delivery vehicle.

About B Wyze Solutions

B Wyze Solutions is a leading provider of IT Service Management and Corporate Education solutions. With headquarters in Richmond Hill, Ontario, B Wyze Solutions is an innovative growth company providing mid to large size organizations with industry leading People, Training and Consulting services.

Working directly with IT, HR and Corporate Education departments, B Wyze Solutions develops collaborative client solutions for enhancing the adoption, use and support of enterprise-wide IT Service Improvements. B Wyze Solutions offers innovative bundled outsourcing solutions to its IT and Corporate Education clients, and is an active leader in facilitating industry learning events and progressive business discussion. Visit www.bwyze.com.

About Zavata, Inc.

Zavata is a business process outsourcing (BPO) company that provides technology-enabled BPO services and solutions to healthcare payors and providers, the insurance and corporate sector, as well as government and public health agencies. The company delivers end-to-end services and solutions, including Healthcare Revenue Cycle Management, Healthcare Administration, Medical Management, PPO Network Management and Database Management, Customer Relationship Management and Technical Help Desk Services, Business Process Re-engineering / Consulting Services, and Healthcare and Help Desk Education and Certification courses, via a blended shore delivery model. Our unique integration of experienced professionals, process optimization services and technology-enabled solutions give our customers exceptional value. With over 1,200 world-wide customers, including healthcare PPOs, HMOs, TPAs, and MGUs, insurance companies, government agencies, and other corporate enterprises, benefit from Zavata's services with improved profitability, increased productivity and quality, as well as reduced cycle time. Headquartered in Atlanta, Georgia, Zavata was founded in 1995 and now employs approximately 800 process-certified professionals, across the U.S. and abroad. STI Knowledge, a division of Zavata, Inc., is currently recognized in Gartner Group's Magic Quadrant of Help Desk Outsourcers for its second consecutive year. For more information, visit www.Zavata.com.

Financial Information

In 2003, entrepreneur Satish Sanan, Mellon Ventures and BV-Cornerstone Ventures, LP (BV-CV) made a strategic investment in Zavata. A year later, Zavata acquired HPS Paradigm, Inc., to augment its healthcare administrative services. In mid-2004, additional funding was secured from WestBridge Capital Partners to strengthen the company's growth strategy. Zavata acquired India-based Symphony Data in February 2005 to provide a blended shore delivery model for customers and to further strengthen the company's BPO services to the healthcare marketplace, specifically to PPOs, HMOs, TPAs, and MGUs. To date Zavata has raised approximately $80 million in venture funding from its world-class investor group.

NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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COPYRIGHT 2008 Gale, Cengage Learning
 

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