Netsmart Technologies Signs Exclusive Product Integration Agreement With Geneva Software
April 10 2006 - 10:00AM
PR Newswire (US)
Netsmart to be the Exclusive Provider of Geneva's Financial
Software to the Health and Human Services Industry ORLANDO, Fla.,
April 10 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc.
(Nasdaq SC: NTST), a leading provider of enterprise-wide software
for health and human services organizations, and Geneva Software, a
leading provider of financial accounting systems for behavioral and
mental healthcare, today announced that they have entered into a
three-year exclusive product integration, sales and marketing
partnership agreement designed to provide a comprehensive solution
offering. The agreement was announced at the National Council for
Community Behavioral Healthcare's 36th Annual Training Conference
in Orlando. Under the agreement, the terms of which were not
disclosed, Netsmart will be the exclusive provider of Quantum,
Geneva's Windows-based financial management software, to the health
and human services industry, including behavioral health, public
health, substance abuse, social services and other areas. Quantum
will be an integrated financial management solution for all
Netsmart products, which is expected to minimize the conversion
process for customers who move between Netsmart products. Quantum
is currently used by organizations that employ Netsmart's Avatar
software suite, and it will continue to be interfaced to the
billing and clinical components of Netsmart's CMHC/MIS software.
"Geneva has a solid track record of success in the industry," said
James L. Conway, Netsmart chairman and CEO. "We are pleased to
provide our current and prospective clients with this financial
management package that closely complements our product offerings."
Quantum is designed to facilitate financial accounting processes
critical to the operation of human services and behavioral
healthcare provider organizations, including general ledger,
accounts payable, inventory, payroll, human resources, purchasing,
and asset and materials management. "After years of working with
multiple software vendors in this industry, we're excited about
this opportunity to sign an exclusive agreement with a
long-standing and financially secure partner with a diverse range
of customers nationwide," said Tom Vincent, president of Geneva
Software. "This partnership links us with a leader in enterprise
behavioral healthcare software." For information about Netsmart
Technology's full range of solutions for health and human services,
visit http://www.ntst.com/ or call 1-800-421-7503. About Netsmart
Technologies, Inc. Netsmart Technologies, Inc., based in Great
River, N.Y., is an established, leading supplier of enterprise-wide
software solutions for health and human services providers, with
more than 1,250 clients, including more than 30 systems with state
agencies. Netsmart's clients include health and human services
organizations, public health agencies, mental health and substance
abuse clinics, psychiatric hospitals, and managed care
organizations. Netsmart's products are full-featured information
systems that operate on a variety of operating systems, hardware
platforms, and mobile devices, and offer unlimited scalability.
About Geneva Software Company Geneva Software, located in
Greensboro, N.C., markets, deploys and supports the Quantum
financial accounting solution primarily to mental and behavioral
health care organizations around the country. Geneva has added many
features to Quantum that make it a better fit to this industry than
off-the- shelf canned packages. Quantum represents the best value
of software for back- office mental and behavioral healthcare
organizations. Statement on Behalf of Netsmart Technologies, Inc.
Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they
relate to the company or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the company's business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above and those
risks discussed from time to time in Netsmart's filings with the
Securities and Exchange Commission. In addition, such statements
could be affected by risks and uncertainties related to product
demand, market and customer acceptance, competition, pricing and
development difficulties, as well as general industry and market
conditions and growth rates, and general economic conditions. Any
forward-looking statements speak only as of the date on which they
are made, and the company does not undertake any obligation to
update any forward-looking statement to reflect events or
circumstances after the date of this release. Information on
Netsmart's website does not constitute a part of this release.
DATASOURCE: Netsmart Technologies, Inc. CONTACT: Dave Kishler,
Netsmart Technologies, +1-614-764-0143, Ext. 7252, Web site:
http://www.ntst.com/
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