SOURCE: Vangent

Vangent

February 17, 2009 09:52 ET

Vangent Wins $68 Million Identity Management Services Contract From the Instituto Mexicano del Seguro Social

Vangent's Leading ID Management Solutions Help Government Address HSPD-12 Mandates and Challenges

ARLINGTON, VA--(Marketwire - February 17, 2009) - Vangent, Inc., a leading global provider of information management and strategic business process outsourcing solutions, today announced that Mexico's Social Security agency, Instituto Mexicano del Seguro Social (IMSS), awarded the company a prime contract to design, build and operate a full biometric identification (ID) management system. The three-year contract has an expected value of $68 million and will be managed by Vangent Mexico.

IMSS is one of the largest social security institutions in Latin America, and is responsible for providing Mexico's privately employed workers, allowanced recipients, and students with an integrated suite of economic, healthcare and social security services for more than 40 million beneficiaries.

Under the terms of the contract, Vangent will provide ID management services to over 20 million beneficiaries through 700 enrollment centers nationwide. Vangent will manage the entire beneficiary enrollment procedure, which includes the distribution of ID cards equipped with beneficiaries' full biometric information including digitized signature, photograph, iris scan and fingerprint. The cards will be used to authenticate beneficiaries at the point of service, ensuring the legitimacy of claims throughout the system.

The IMSS contract adds to Vangent's growing portfolio of business in ID Management Solutions. Other major customers include the U.S. Department of Education's Federal Student Aid, the U.S. Department of Labor, and the Office of Personnel Management.

With the new IMSS contract, Vangent is Mexico's largest provider of ID enrollment and management services.

"Vangent Mexico recognizes the importance of its partnership with the Instituto Mexicano del Seguro Social and the level of trust placed in our people to fulfill this mission," said Mac Curtis, CEO of Vangent, Inc. "Vangent's end-to-end ID management system will ensure swift and accurate provision of critically needed services while helping IMSS and the Mexican Government reduce fraud, waste, and abuse."

"Vangent's sophisticated portfolio of ID management offerings combined with years of experience building and operating the first and largest e-Authentication PIN Web site and database in the U.S. Federal Government can be directed to help other federal agencies and organizations effectively manage identity, enhance security, and achieve program goals, such as addressing the burgeoning health reform needs identified by the Obama Administration," added Curtis.

About Vangent's ID Management Solutions

Vangent is a leader in providing innovative solutions that enable secure access to sensitive information over the Web and safeguard information protected by the Privacy Act and Health Insurance Portability and Accountability Act (HIPAA). Vangent's cyber security professionals work with customers to identify information security requirements and develop and implement comprehensive security plans to ensure the confidentiality, data integrity, and availability of their information assets. Vangent performs complete risk assessments, implement security controls and countermeasures, and conduct compliance audits in accordance with Federal Information Security Management Act (FISMA) and National Institute for Standards and Technology (NIST) requirements.

Vangent's solutions encompass any number of advanced technologies and solutions with wide-ranging implications for healthcare, homeland security, national security agencies and a number of Presidential Directives, including HSPD-12, which addresses wide variations in the quality and security of identification used to gain access to secure facilities where there is potential for terrorist attacks. In order to eliminate these variations, U.S. policy is to enhance security, increase Government efficiency, reduce identity fraud, and protect personal privacy by establishing a mandatory, Government-wide standard for secure and reliable forms of identification.

Vangent also designs and builds highly secure identification and personal verification solutions using advanced biometric technologies. These solutions support the scanning and data capture of persons subject to the process and the database storage of such information as digital photographs, iris scans, digitized signatures, fingerprints, and other personal identification data. Vangent's biometrics systems are designed to help clients enhance security and reduce financial fraud, waste and abuse.

About Vangent, Inc.

Vangent, Inc. is a global provider of consulting, systems integration, human capital management, and business process outsourcing services to the U.S. federal and international governments, higher education institutions, and corporations. Vangent's 6,100 employees support clients including the Centers for Medicare & Medicaid Services, the U.S. Departments of Defense, Education, Health and Human Services, and Labor; and the U.S. Office of Personnel Management, as well as Fortune 500 companies. Headquartered in Arlington, Virginia, the company has offices throughout the U.S. and in the U.K., Canada, Mexico, Venezuela, and Argentina. For more information, visit www.vangent.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements are those that do not relate solely to historical fact. They include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "projects," "likely," "will," "would," "could" and similar expressions or phrases identify forward-looking statements. All forward-looking statements involve risks and uncertainties. The occurrence of the events described, and the achievement of the expected results, depend on many events, some or all of which are not predictable or within our control. In light of these risks and uncertainties, expected results or other anticipated events or circumstances discussed in this press release might not occur. We undertake no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contacts:
    Eileen Rivera
    Vangent, Inc.
    (703) 284-5674
    Email Contact

    Stephen Miles
    O'Keeffe &Company, Inc.
    (703) 883-9000 ext. 136
    Email Contact