SOURCE: Remedy Interactive, Inc.

December 04, 2006 17:30 ET

Remedy Interactive Earns Certificate of Distinction in Sustainable Growth From Women's Technology Cluster

SAUSALITO, CA -- (MARKET WIRE) -- December 4, 2006 -- Remedy Interactive, Inc., a leading provider of enterprise solutions that help Global 1000 companies reduce their workers' compensation costs, today announced that the Women's Technology Cluster (WTC) awarded the company with a prestigious Certificate of Distinction in Sustainable Growth. The WTC is a San Francisco-based organization that provides strategic advice, C-level coaching, team development and access to high-level networks to women leaders building technology-driven businesses. Remedy Interactive, led by CEO Kim Weiss Lopez, has been a WTC member since 2001 and was one of 24 private companies chosen to present its business plan to investors during WTC's Springboard 2004 Conference at Stanford University.

"The goal of the WTC is to increase the number of successful women-led companies across all areas of technology," said Jennifer McFarlane, CEO of WTC. "Remedy Interactive is a key example of the high growth software companies that form the major engine for California's continued economic expansion. We are proud of the company's successes achieved in the last few years, including high sales growth and proven ability to execute on a strategic plan."

Remedy Interactive was the only company to receive this Certificate of Distinction in 2006 and will join other WTC members during its annual awards ceremony at "Celebrating the Entrepreneur," to be held this evening at City Hall in San Francisco, CA. Attending members of the event host committee include former San Francisco Supervisor Leslie Katz, District Deputy Director Melanie Nutter for the Office of Nancy Pelosi, Asset Management Company Founding Partner Franklin "Pitch" Johnson and WTC Founder Catherine Muther. Earlier this year, Remedy Interactive also received an Export Achievement Certificate from the U.S. Department of Commerce for its international market expansion of injury prevention solutions.

"From my perspective, Remedy Interactive has what it takes to succeed in the global marketplace including solid leadership, a growing Fortune 500 customer base and technology that performs a vital role in reducing workplace injuries," said Cheryl Traverse, president and CEO of Xceedium and advisory board member of the WTC. "It's been a pleasure advising the company and working with Kim Lopez, a dynamic leader with a dynamic team. They're on the right track."

About Remedy Interactive

Remedy Interactive, headquartered in Sausalito California, delivers the most comprehensive suite of software solutions to help companies prevent workplace injuries and reduce workers' compensation costs. Now available in 14 languages worldwide, Remedy Interactive's OES is the only solution to produce quantifiable cost savings for Global 1000 companies. Customers include Hewlett-Packard, Chevron, Northrop Grumman, Health Net, and VISA. More information on Remedy Interactive's industry-leading solutions can be found at www.remedyinteractive.com.

About The Women's Technology Cluster

The Women's Technology Cluster's (WTC) mission is to increase the number of successful women-led companies in the life science, high technology, and clean technology sectors. We believe in the value created by women in the development of new technologies and in their contribution as leaders.

We achieve our mission by providing early stage companies with strategic advice, C-level mentoring focused on results, assistance with team development and high level introductions. By working with selected high-potential portfolio companies, the WTC complements a company's own team with in-depth resources from a community of over 170 mentors, all of whom are dedicated to WTC's mission.

The WTC's company portfolio has included more than 70 companies that have collectively raised over $60 million. WTC's Venture Conferences, which commenced in 2003, have attracted 68 presenting companies that have raised over $177 million and have returned $88 million to investors through M&A. Presenting companies at last year's Venture Conference achieved a 60% rate of funding success.

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