June 29, 2009 ikaSystems Moves Corporate Headquarters and Expands Sales Team
to Accommodate Rapid Growth

Following a year of intensive sales activity, ikaSystems, a premier provider of enterprise-level Web-based technologies for the healthcare payer market, has relocated its corporate headquarters and hired additional sales executives to accommodate its explosive growth.

“ikaSystems has created a new technology paradigm that has become the acknowledged standard for health insurance companies seeking to thrive in challenging economic times,” explained Ravi Ika, chief executive officer of ikaSystems. “Our technology solutions are delivering what the industry has sought for decades: administrative cost reduction and information coordination across the enterprise coupled with an integrated medical management strategy to stabilize total medical costs.”

ikaSystems’ headquarters remains in Southborough, Massachusetts, but has moved from 257 to 134 Turnpike Road to a state-of-the-art facility specifically designed to facilitate the company’s rapid development and deployment methodologies.

In addition, Sandy Shroyer, vice president of sales, has joined ikaSystems, bringing over 20 years of business development and sales experience in the healthcare and technology markets. Before joining ikaSystems, Ms. Shroyer was vice president, strategic accounts, at Ingenix, a leading data and technology company servicing all segments of the healthcare market. There, she nurtured and grew the company’s portfolio of accounts, including a variety of commercial, Medicare and Medicaid plans. Ms. Shroyer has also led sales teams at organizations such as GeoAccess and has held executive management positions at Sweetwater Health Enterprises, Baylor Health Care System, Integris and HCA. She received her master’s degree summa cum laude from the University of Central Oklahoma and is currently a member of the Women Business Leaders of the U.S. Healthcare Industry. She holds the Professional designation from the Academy for Healthcare Management and was active in the World Health Forum and health technology committees for the North Texas Health Industry Council.

Bryan Hebert, vice president of sales, comes to ikaSystems as a seasoned technology and operations consultant and sales executive with over 20 years of experience meeting the business and customer service demands of the healthcare market. He has extensive education and certifications in the health industry, including a master’s degree in health administration from Boston’s Suffolk University. Before joining ikaSystems, Mr. Hebert held management roles in sales and marketing, product management and business development at Healthation, HealthEdge, ACS Health Care Solutions, Capgemini and Blue Cross Blue Shield of Massachusetts. He was also a consultant at Arthur Andersen and Health Management Systems, where he supported and tested the implementation of various healthcare systems to increase operational efficiencies.

About ikaSystems Corp.
ikaSystems is healthcare payers’ premier provider of enterprise-level Web-based technologies for commercial, Medicare and Medicaid lines of business. ikaEnterprise, the company’s flagship product, automates all key processes in the payer business cycle — from marketing and sales through claims administration and customer service to care and quality management — all on a single integrated platform. Using our agile, modular technology, organizations can proactively move to lower administrative and medical care expenses and thrive in even the most challenging environments. To learn more, please visit www.ikasystems.com.