SOURCE: Enclarity Inc.

May 02, 2007 13:00 ET

Enclarity Named a Red Herring 100 Winner

Healthcare Information Solutions Provider Recognized as One of North America's Most Innovative Companies

ALISO VIEJO, CA -- (MARKET WIRE) -- May 2, 2007 -- Enclarity Inc., a leading information and technology solutions company focused on the healthcare payer market, today announced that it has been named one of the top 100 private technology companies in North America by Red Herring magazine in its Red Herring 100 Spring 2007 Awards.

The annual Red Herring 100 recognizes the best new and innovative technology companies and entrepreneurs that are profoundly changing the world. Red Herring's editorial staff evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. Google, eBay and Skype were spotted in their early days by Red Herring editors and touted as leaders that would change the way we live and work.

"Being awarded the Red Herring Top 100 is a tremendous honor and a significant acknowledgement of our technology and innovation," said Sean Downs, chief executive officer, Enclarity®. "The achievement underscores what we set out to do just two years ago: become the 'credit bureau' of provider data by amassing the most comprehensive and accurate healthcare provider data in the U.S. and combining it with our unique technology and data integration expertise to deliver integrated, automated and continuous solutions to the healthcare payer market. Accurate provider data will potentially save healthcare payers billions of dollars annually in administration costs and provides consumers with better information for provider selection and comparison."

Outdated or incorrect provider information costs healthcare payers more than $26 billion every year. Enclarity's advanced information solutions eliminate erroneous and incomplete provider data, and enable healthcare payers to prepare for the upcoming National Provider Identifier (NPI) mandate. By leveraging proven techniques from the financial services industry, Enclarity has developed the industry standard for provider data accuracy and management.

This year marks the 10th anniversary of the Red Herring 100 Awards.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," said Joel Dreyfuss, editor-in-chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

Red Herring will honor the CEOs of its Red Herring 100 Spring companies at the Red Herring Spring 2007 event, May 1-3, in Monterey, Calif. Joel Portice, chief operating officer of Enclarity, is scheduled to speak at the event.

About Enclarity

Enclarity® is a healthcare information solutions company that has developed unique technology and expertise to continuously acquire, analyze and integrate healthcare provider data. The company is known as the "credit bureau" of provider data for its ability to maintain the most accurate and up-to-date source of healthcare provider data in the United States.

By applying data science and techniques perfected in the financial services industry, Enclarity's ProviderPoint® data-cleansing solution streamlines the healthcare administrative process, dramatically improving the accuracy of provider data with an automated and continuous solution. Built with the company's proprietary AcuSync™ technology, ProviderPoint offers unparalleled statistical-based matching and data integration capabilities with integrated, actionable results.

The privately held company is headquartered in Aliso Viejo, Calif. Enclarity's investment partners include Bain Capital Ventures and Ignition Partners. For more information, visit www.enclarity.com.

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