Press Release
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BRIDIUM TO OFFER INFOGLIDE SOFTWARE'S BLADEWORKS™ FRAUD DETECTION SOLUTION
Transactional Business Intelligence Software Improves Speed and Accuracy of Fraud Detection for Workers Compensation, Automobile Property and Casualty Insurance Claims
AUSTIN, Texas, September 4, 2003 - Infoglide Software Corporation, the leader in the emerging transactional business intelligence market, today announced a major reseller agreement with Bridium, a leading provider of custom services and proprietary software solutions for the insurance industry. Bridium will offer Infoglide Software's workers compensation fraud detection application based on Bladeworks™ enterprise software on a per transaction basis via Bridium's real-time web-based hosted service. Bladeworks gives Bridium's customers the ability to search and analyze workers compensation and automobile property and casualty claims in real-time and receive a fraud assessment score within seconds. Bladeworks will provide Bridium's customers with accurate and detailed fraud detection analysis by integrating real-time transactional data with remote and disparate historical data.
Bridium provides an industry-wide technology/service platform that supports all services performed by property and casualty (P&C) insurance claims and medical processing administration. Bladeworks provides the most advanced technology solution for Bridium's fraud detection offering for workers compensation claims administration.
“The application of Bladeworks will provide a powerful workers compensation fraud solution for Bridium," said Michael Shultz, Infoglide Software's president and chief executive officer. “Our collective experience in the property and casualty insurance space makes this partnership a natural fit. Providing a real-time transactional solution gives Bridium and their customers immediate and significant cost savings."
“Bladeworks is the premier offering in the insurance fraud space," said Steve Isaac, chief executive officer of Bridium. “The technology's ability to access remote databases, utilize multiple analytics, and produce a fraud assessment score in real-time will be extremely valuable to our customers. It will be a considerable asset to Bridium's powerful product offerings."
About Bridium
Bridium (www.bridium.com) of Atlanta, Georgia, is a leading national
technology firm offering custom services and proprietary solutions
for the insurance industry. Bridium's services include claim management
applications, managed care applications, browser based web-enablement
solutions, integration of legacy systems, workflow automation,
compliance reporting, e-commerce, decision support, and document
imaging and management solutions for the insurance industry. Bridium
is a subsidiary of CyberStarts, a technology holding company based
in Atlanta.
About Infoglide Software Corporation
Infoglide Software Corporation (www.infoglidesoftware.com)
is the leader in the emerging transactional business intelligence
market. Infoglide Software provides a new generation of enterprise
software that enables organizations to apply business intelligence
in an operational environment by integrating real-time transactional
data with remote and disparate historical data to achieve true enterprise
intelligence. The company's enterprise software, Bladeworks™,
enables more accurate and informed decisions; streamlines operational
processes; increases efficiencies and reduces operational costs;
transforms data in real-time into useful and useable information;
improves customer service and customer interaction; and drives more
profitable relationships with customers. Bladeworks is used in business-critical
applications including enterprise risk management, automated fraud
detection, enterprise identity management, transactional CRM, compliance,
enhanced data connectivity, and enhanced data mining. Current markets
include financial services, information services, transportation,
retail, e-business, insurance, government, and CRM. Incorporated
in 1996, Infoglide Software is a privately held company headquartered
in Austin, Texas.
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Infoglide®, Infoglide Software™, Infoglide Software logo, and Bladeworks™ are trademarks of Infoglide Software Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.
