Three Bridges, N.J.– October 23, 2007 — iContracts, a leading provider of solutions for managing corporate commitments, today announced the addition of two pharmaceutical generics manufacturers as new clients. The additions continue a strong string of successes for iContracts as the company continues to grow rapidly and expand its vision to develop and deliver better solutions and services for managing contracts that are faster, easier and less expensive to implement.
“We continue to be gratified by the high level of interest in iContracts and its solutions from companies of all sizes” said Erik Sieverding, president of iContracts. “As with earlier customer wins that we have announced, our ability to deliver powerful solutions as well as superior service continues to fuel our rapid growth. As word has spread of the ease of use of our products in combination with our willingness to put the needs of our clients first, we have been invited to participate in an increasing number of opportunities that we expect to continue converting at a very high rate.”
Omar Bey, Chief Technology Officer at iContracts added, “our ability to deliver products that are completely different than the status quo, including our recent launch of iContracts Medicaid Payer, the first product developed from the ground up to support the new DRA final rule, has clearly set us apart from the pack. The acute need of Life Sciences companies for solutions that greatly simplify everyday use and enable rapid implementation continues to drive our development efforts and attract the attention of companies in search of better contracting solutions.”
iContracts solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts’s revolutionary BCS platform featuring an advanced data architecture, rich functionality, Task Automation Logic (TAL), and Simplified Common User Interface (SCUI) enabling users to execute any process after learning just two basic screen formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs.
About iContracts
iContract’s goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with more experience in building contract management solutions for the Life Sciences industry than anyone on the planet! This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers. For more information, please visit www.icontracts.com.
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time by the Company.
CONTACT: iContracts, Inc.
Anne Ambrosio, 908-393-9550
aambrosio@icontracts.com