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TriZetto Reports Share Distribution by Original Venture Capital Investor
NEWPORT BEACH, Calif. – October 31, 2001 – Today, TriZetto (Nasdaq: TZIX) reported that one of its original venture capital investors, Delphi Ventures IV, L.P., and its associated fund, Delphi BioInvestments IV, L.P. (the "Funds"), has distributed shares of TriZetto common stock to its partners. At the time of the distribution, the Funds held approximately 2.4 million shares of common stock. The shares distributed by the Funds may be sold into the public market without restrictions. The decision by the Funds to distribute shares to their partners was made in accordance with the standard policies and procedures used by the Funds for similar investments.
About TriZetto
The TriZetto® Group, Inc., offers a broad portfolio of healthcare information technology products and services that can be delivered individually or combined to create a comprehensive solution. The company provides proprietary and third-party software on a licensed or hosted basis, e-business applications, consulting services and business services, such as claims, billing and enrollment processing. Focused exclusively on healthcare, TriZetto serves more than 500 payers, providers and benefits administrators. Its payer customers serve more than 90 million health plan members, or approximately 40 percent of the insured population of the United States. Headquartered in Newport Beach, Calif., TriZetto can be reached at (800) 569-1222, www.trizetto.com.
This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future net revenues, profits, and financial results, the market for TriZetto's services, future service offerings, client and partner relationships, and TriZetto's operational capabilities. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's services, risks associated with management of growth, reliance on third parties to supply key components of TriZetto's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, risks associated with acquisitions, changes in demand for third party products or solutions, which form the basis of TriZetto's service offerings, financial stability of our customers, changes in government laws and regulations and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
CONTACTS:
TriZetto Investor Relations
Anna Marie Dunlap
949-719-2236
am.dunlap@trizetto.com
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For more detailed information, please call 1-800-569-1222 or click on the link below.
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