Press Release

January 14, 2008

ikaSystems Once Again Recognized For Excellence at HealthITinsight Event

Southborough, Massachusetts. ikaSystems, a leading provider of web-based ERP systems for the managed care industry, proudly announces receipt of the first time award for Best Payer Case Study at the HealthITinsight event in Savannah, Georgia. This event attracts top level healthcare executives for three days of analyst presentations and vendor case studies. ikaSystems’ clients presented three case studies over a period of two days to senior healthcare executives who vote for the awards. This is the second industry recognition for ikaSystems’, they were awarded “Solution With the Best Market Potential” in a similar venue at Gartner’s Healthcare IT Summit in November 2007.

The presenters at the HealthITinsight covered the following solution topics: “Streamlining the Medicare Sales Process” presented by UPMC Health Plan and “Sales and Underwriting Automation Provides Benefits Across the Enterprise” presented by Presbyterian Health Plan. Attendees commented on how helpful it was to hear from and to speak directly with clients. Client presenters were able to articulate the positive outcomes their organizations had realized, including discussions of actual savings, the ability to grow business without adding staff and improved sales activity.

“Recognition by technology users is a great honor and a testament to our technology platform, application agility and domain expertise” said Ravi Ika, President and CEO of ikaSystems. “We are so grateful for such successful, articulate and loyal clients that are willing to share their positive experience with ikaSystems with their colleagues in the industry. Our organization is energized having won this award as well as the Solution With the Greatest Market Potential award at the Gartner Healthcare Summit in Florida in November. We are entering 2008 with enthusiasm and renewed commitment to our clients.”

HealthITinsights is a collaborative event sponsored by Health Industry Insights and PPM Media.

About ikaSystems
ikaSystems (www.ikasystems.com) is a leading provider of Web-based ERP solutions for the managed care industry. Based in Southborough, MA, ikaSystems offers a broad spectrum of software solutions, outsourcing, and consulting services. The ikaEnterprise system is ikaSystems ' flagship product. It is a full-service, comprehensive system that automates all the key transactions in the managed care cycle. The system consists of five stand-alone, self-service Web portals that are tightly integrated with business intelligence and transactional systems: core claims adjudication, integrated medical management that incorporates disease and utilization management, medical and business intelligence, prospective HEDIS®, utilization analytics reporting. This integrated solution provides a Web-based infrastructure for healthcare organizations, insurance carriers and third party administrators.

About Health Industry Insights
Health Industry Insights, an IDC company, provides health and life sciences industry executives, and the suppliers who serve them, with market research and advisory services. The company's integrated coverage spans the entire health industry value chain and closely follows the payer, provider and life sciences markets with special emphasis on developing and employing strategies that leverage IT investments to maximize organizational performance. Staffed by expert analysts and consultants with extensive industry experience, Health Industry Insights delivers a portfolio of offerings that are relevant to both IT and business needs. IDC is a subsidiary of IDG, the world's leading technology media, research and events company.

About PPM Media
PPM Media creates produces and manages high-end business-to-business events in the U.S. and around the world. The company’s lineup of executive technology summits includes BladeSystems Insight, Health IT Insight, Financial IT Insight, Master Data Management Insight and other events. The company is engaged in a wide spectrum of face-to-face business summits, conferences, webinars and other community-building activities across multiple industries and marketplaces. Headquartered in Boston, MA, PPM Media has partner offices in Europe, Asia and Latin America. For further information, visit www.ppmmedia.com.

For Further Information Contact:
ikaSystems Corporation
Cynthia Burghard
774-760-1618
cburghard@ikasystems.com