Netsmart
Technologies Signs Exclusive Product Integration
Agreement with Geneva
Software
Netsmart to be
the Exclusive Provider of Geneva’s Financial Software to
the Health and Human Services Industry
MEDIA CONTACT:
Dave
Kishler
Netsmart Technologies
614.764.0143, Ext.
7252 dkishler@ntst.com
4/10/2006 - (Orlando,
Florida) 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 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.
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