Leading Healthcare Executive Joins Vitria Senior Management Team to Provide
Healthcare and Insurance Expertise
SUNNYVALE, Calif., June 24 /PRNewswire-FirstCall/ -- Vitria
(Nasdaq: VITR), a leading provider of business process integration solutions,
today announced that John N. Ounjian has joined the company as executive vice
president of Vitria's Healthcare and Insurance business unit.
John Ounjian is a widely recognized, 30-year veteran of the healthcare and
financial services industries. He has a proven track record of advancing
information systems disciplines, business operational processes and strategies
in order to improve corporate performance. Ounjian was formerly senior vice
president and CIO at Blue Cross and Blue Shield of Minnesota, a leading and
nationally recognized healthcare payer. He was responsible for the company's
information systems and claims operations division, and accountable for
determining its long-term corporate-wide information technology needs as well
as developing overall strategic direction. During his tenure there, Ounjian
led the company's innovative business solutions efforts and guided its system
development and hardware acquisition and integration. While leading claims
operations, he was the executive responsible for the transformation and re-
assimilation of once outsourced critical operations.
Prior to Blue Cross and Blue Shield of Minnesota, Ounjian held senior
consultant management roles for healthcare organizations, including Kaiser
Permanente. He has also served as senior vice president at H.F. Ahmanson &
Co./Home Savings of America and Union Bank of California.
"We are very pleased to have an executive of John's caliber joining our
senior management team and leading our healthcare and insurance business
unit," said Dale Skeen, co-founder and CEO, Vitria. "John's depth of
experience coupled with his passion for operational excellence will be
invaluable to our customers and to our strategy, and underscores our strong
commitment to the healthcare and insurance market."
"Having spent a majority of my career devoted to improving the quality of
services between healthcare payers, providers, agents and consumers, I am
extremely excited to join the Vitria team," said John N. Ounjian, newly
appointed EVP of Healthcare & Insurance, Vitria. "Healthcare payer and
provider organizations face a highly competitive and complex future. Vitria
has a fresh approach to simplifying, streamlining, integrating and
transforming transaction management processes, which should deliver
demonstrable improvement to our customers' operating performances," added
Ounjian.
Ounjian was recently named one of Computer World's Premier 100 IT Leaders
for 2003. He has also been an active member on key Blue Cross and Blue Shield
Association committees, which developed national technology plans and
operating policies for Inter-Plan strategies. He has spoken on emerging
technologies in healthcare at several technical business conferences sponsored
by the Blue Cross and Blue Shield Association, the America's Health Insurance
Plans and the Consumer Directed Health Plan Conference & Expo.
About Vitria
Vitria Technology, Inc. a leading provider of award-winning business
process integration products and solutions, combines technology leadership
with industry expertise in healthcare and insurance, financial services,
telecommunications and manufacturing to dramatically improve strategic
business processes across systems, people and trading partners. With 23
offices around the world, Vitria's customer base includes blue chip companies
such as AT&T, Bell Canada, BellSouth, The Blue Cross Blue Shield Association,
British Petroleum, British Telecom, DaimlerChrysler Bank, Generali, Nissan,
The Goodyear Tire & Rubber Company, PacifiCare Health Systems, Reynolds &
Reynolds, Royal Bank of Canada, Schneider Logistics, Sprint, Trane, and the
U.S. Departments of Defense and Veterans Affairs. For more information, call
+1-408-212-2700, email info@vitria.com or visit http://www.vitria.com.
(C) 2004 Vitria Technology, Inc. All rights reserved. Vitria and
BusinessWare are registered trademarks of Vitria Technology, Inc. All other
names may be trademarks of the companies with which they are associated.
Cautionary Note Regarding Forward-looking Statements: This press release
includes forward-looking statements, including statements relating to new
products, goals and future business opportunities that are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from those referred to in the forward-looking statements. Such
factors include, but are not limited to: failure to meet financial and product
expectations of analysts and investors: risk related to market acceptance of
Vitria's products and alliance partners' products; deployment delays or errors
associated with these and other products of Vitria and partners; hardware
platform incompatibilities; the need to maintain and enhance certain business
relationships with system integrators and other parties; the ability to manage
growth; activities by Vitria and others regarding protection of proprietary
information; release of competitive products and other actions by competitors;
risks associated with possible delisting from the stock market on which
Vitria's securities are listed; and economic conditions in domestic and
foreign markets. These and other risks related to Vitria are detailed in
Vitria's Annual Report on Form 10-K for the year ended Dec. 31, 2003, filed
with the SEC on March 12, 2004. Vitria does not undertake an obligation to
update forward-looking statements.
SOURCE Vitria
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Related links:
http://www.vitria.com
CONTACT:
Media, Fred Bateman of The Bateman Group,
+1-415-503-1818 or fbateman@bateman-group.com, for Vitria; or,
Investors, Jane Underwood of Vitria Investor Relations,
+1-408-212-2608 or junderwood@vitria.com
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