MediSolution Ltd.

MediSolution Ltd.

June 17, 2009 08:30 ET

MediSolution Signs Distribution Agreement With LOKI Systems Inc. to Deliver New Virtuo Scheduling Module

MONTREAL, QUEBEC--(Marketwire - June 17, 2009) - MediSolution Ltd., a leading provider of enterprise resource planning (ERP) solutions and specialized blood bank software, announced today that they have signed a North American distribution agreement with LOKI Systems Inc, a leading provider of workforce management software and services and a Microsoft Gold certified partner. The LOKI StaffRight workforce management solution will be fully integrated with MediSolution's comprehensive best-of-breed Virtuo Human Capital Management (HCM) suite to create a new Virtuo Scheduling module.

"We are excited to be partnering with MediSolution, a recognized leader in the Canadian healthcare market," said Richard Swann, CEO at LOKI Systems Inc. "Their extensive base of healthcare customers throughout Canada, will allow us to significantly expand our reach in the healthcare marketplace."

In today's challenging business climate, all organizations are facing increased pressure to tightly control costs and optimize budgets. In healthcare environments where labour costs typically represent over 80% of the operating budget, management of salaries and overtime through the implementation of efficient scheduling is paramount to controlling costs.

Powered by the LOKI StaffRight workforce planning solution, the Virtuo Scheduling module is designed to maximize the potential the most important resource in a healthcare organization - its people. The system automates and optimizes the creation of complex employee rotation and master schedules based on work rules and target staffing levels significantly reducing costs and administrative burden. The comprehensive workforce management solution will integrate with MediSolution's Virtuo Payroll and Virtuo HR modules as well as other 3rd party payroll and HR systems. Virtuo Scheduling contains advanced features to allow Healthcare organizations to build and manage schedules based on staff availability, seniority, multiple job environments, multiple labour agreements and multiple worksites.

"We evaluated a number of scheduling solutions before selecting LOKI StaffRight as the best solution for our Virtuo Human Capital Management suite," said Paul Lepage, President and Chief Executive Officer at MediSolution. "With the addition of the new flexible Virtuo Scheduling module, we will continue to empower our customers to optimize operational efficiencies, lower costs and improve the delivery of services to their customers and suppliers."

About MediSolution

MediSolution, a Brookfield Asset Management company, is a leading information technology company, providing enterprise resource planning and specialized blood bank software, solutions and services to healthcare and service sector customers across North America. More than 300 healthcare, public and service sector organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs and improve the delivery of services. The company's product portfolio is comprised of Financial Management software such as accounts receivable, budgeting and materials management, Business Intelligence solutions as well as Human Capital Management tools and services including human resources management, staff scheduling and payroll processing. The company also provides speciality hemovigilance solutions that improve patient safety, reduce waste and increase efficiency for blood transfusion services. For more information, please visit

About Loki Systems

Established in 1995, Loki offers an advanced suite of workforce management solutions. The software is easy to use and gives management powerful analytical tools and real-time performance data to support strategic business decisions. Loki software products are now being used to schedule, pay and manage hundreds of organizations in a number of industries across North America. In addition to an impressive return on investment and quick implementation, Loki clients enjoy unparalleled service and technical support.

This press release contains "forward-looking statements" regarding MediSolution's Virtuo Human Capital Management solution and the partnership agreement with LOKI Systems Inc. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially from those expressed in the forward-looking statement as a result of many factors, such as the lack on interest demonstrated by customers for the Virtuo Scheduling and Virtuo Human Capital Management solution, the possibility that the solution does not provide the business efficiency and the value expected by the customer and the cancellation of the partnership agreement with LOKI Systems Inc.

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