CORPORATE FINANCIALS ONLINE
Fastest direct links to news from publicly-traded companies.

Latest Earnings News Latest Dividend News   All Latest News   

Go to ANYC company menu
                      TriZetto News Release



Contacts: 
Lisa Scaun                           Jodi Amendola 
Fleishman Hillard for Presideo       CPR Communications for TriZetto Media 
404-659-4446 x103                    480-657-9966
scaunl@fleishman.com                 jamendola@cpronline.com

Mike Kramer                          Ethan Denkensohn
Presideo                             TriZetto Investor Relations
888-302-7200 x7094                   212-213-0006     
mkramer@presideo.com 
                                   

FOR IMMEDIATE RELEASE
                                               

      TriZetto Offers New Level of Internet Security Authentication 
             Services for Its HealthWeb and ASP Customers 
                   Through Alliance with Presideo 

Cutting-edge Biometric Technology Available to Manage Access to Healthcare
Data Based on Fingerprint, Retina, Voice and Facial-Feature Recognition

NEWPORT BEACH, Calif. and SEBASTIAN, Fla. - May 15, 2000 - The TriZetto(R)
Group, Inc. (Nasdaq:TZIX), a leading provider of Internet-enabled
application services and business portals for the healthcare industry,
today announced a strategic alliance with Presideo, Inc. (formerly
Integrated Visions, Inc.), a leading Internet infrastructure services
company specializing in digital identity management.  The alliance adds a
new level to TriZetto's e-healthcare authentication services through the
use of "biometric identifiers" that are unique to each individual, such as
fingerprints, retinas, voices and facial features.

Under the terms of the agreement, TriZetto will incorporate its
HealthWeb(SM) and application services provider (ASP) services into
Presideo's complete suite of Internet trust services, providing an
advanced, end-to-end process for creating an e-business environment that
protects information stored electronically and/or exchanged over the
Internet.  Presideo's services enhance TriZetto's existing, stringent
security measures and digital credentialing authentication services.

"In the healthcare arena, establishing and maintaining a secure, trusted
digital environment is of paramount concern," states Shawn Bowen,
TriZetto's vice president of connectivity services and chief technology
officer.  "This alliance with Presideo complements TriZetto's efforts to
provide its customers with the industry's most comprehensive package of
Internet security solutions."

"We are pleased to be selected by TriZetto, an industry leader in the
delivery of best-of-class healthcare applications through the ASP model,"
says Sheila Schweitzer, Presideo's chief executive officer.  "This
cost-effective delivery system will bring Presideo's Trusted Space(TM)
authentication products to a wide variety of customers in the e-health
sector, securing healthcare data exchange over the Internet."

Presideo's suite of Internet trust services performs a series of processes
that allows users to safely access confidential information and conduct
secure online transactions.

"From initial log-in to the end goal of complete reporting, Presideo's
products perform all authentication-related functions, and its
credentialing service verifies physicians' good standing with appropriate
governing boards prior to allowing access to confidential information,"
continues Bowen.  "The 'single sign-on' functionality only requires the
user to input his/her biometric once, where it travels throughout
TriZetto's hosted services, limiting redundant entries and unnecessary
delays.  This feature adds flexibility and convenience to conducting
confidential healthcare transactions over the Internet." 

About PresideoPresideo, Inc. is a leading e-business service provider that
delivers a unique end-to-end process to protect confidential data and
enable trusted exchanges over the Internet.  Presideo's advanced solutions
include irrefutable biometric authentication to create a Trusted Space(TM)
for creating a secure e-business environment.

Headquartered in Sebastian, Fla., Presideo is an XL Vision and Safeguard
Scientifics partnership company.  XL Vision, Inc., is an innovative
high-technology business incubator, and Safeguard Scientifics, Inc. 
(NYSE:SFE) is a leading operator of premier companies in the Internet
infrastructure market.  Detailed information on Presideo can be found on
the World Wide Web at www.presideo.com, or by calling (888) 302-7200.

About TriZetto 
The TriZetto(R) Group, Inc., is a leading provider of vertical,
Internet-enabled application services and business portals for the
healthcare industry.  As an application services provider (ASP), TriZetto
hosts software for a predictable monthly fee, saving customers significant
time, money and frustration.  HealthWebSM, TriZetto's Internet portal,
assists healthcare administrators and professionals in performing their
routine tasks and facilitates information-exchange and e-commerce among all
key healthcare participants: providers, health plans, employers and
health-plan members.  Headquartered in Newport Beach, Calif., TriZetto can
be reached at (949) 719-2200, www.trizetto.com or www.healthweb.net.  

This press release may contain forward-looking statements that involve
risks and uncertainties.  The forward-looking statements are made pursuant
to the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995.  These forward-looking statements may include statements about
future net revenues, profits, and financial results, the market for
TriZetto's services, future service offerings, client and partner
relationships, and TriZetto's operational capabilities.  Actual results may
differ materially from those stated in any forward-looking statements based
on a number of factors, including the effectiveness of TriZetto's
implementation of its business plan, the market's acceptance of TriZetto's
services, risks associated with management of growth, reliance on third
parties to supply key components of TriZetto's services, attraction and
retention of employees, variability of quarterly operating results,
including the effects of the client purchasing patterns due to Year 2000
issues, competitive factors, risks associated with acquisitions, changes in
demand for third party products or solutions, which form the basis of
TriZetto's service offerings, and risks associated with rapidly changing
technology, as well as the risks identified in TriZetto's SEC filings.  


                                 ###

End.




Go to ANYC company menu


CORPORATE FINANCIALS ONLINE, INC.
webmaster@cfonews.com
Copyright © 1995-98 Corporate Financials Online, Inc.