Media Release From Perot Systems Corporation
New Zealand's Southern Cross Healthcare Selects Diamond 950 Software Technology
New Agreement Represents a Significant Step Forward in Perot Systems' Expansion Into the Global Healthcare Marketplace
DALLAS, Texas, Aug. 7 /PRNewswire-AsiaNet/ -- Perot Systems Corporation (NYSE: PER) announced today that it has
licensed its DIAMOND(R) 950 health benefits administration software to Southern Cross Healthcare, New Zealand's largest
not-for-profit healthcare organization, with more than 980,000 members.
Perot Systems' proven and scalable DIAMOND technology will enable Southern Cross to better manage its eligibility data,
member health benefits, provider reimbursement, financial risk and other aspects of its benefit programs.
DIAMOND 950 software is an established and reliable solution that is able to handle large transaction volumes for
complex payor organizations like Southern Cross. DIAMOND applications, which are based on the Oracle(R) platform, have
an architecture that supports real-time, Web-enabled environments, which gives Southern Cross the flexibility to improve
workflow processes and service to providers, members, and employers.
"The capabilities that Aetna Health (NZ) had developed using DIAMOND software was one of the key reasons for the
acquisition of Aetna Health (NZ) by Southern Cross," said George Jepson, Southern Cross COO. "We have been impressed by
Perot Systems' willingness to understand the different needs within our market for health insurance. This has enabled us
to fast track the migration of our existing Southern Cross membership to DIAMOND 950, a project that will be completed
in less than 12 months."
"Southern Cross is an impressive force within the New Zealand health insurance market," said Chuck Lyles, Perot Systems
vice president of the Healthcare Industry Group. "This relationship provides a tremendous platform on which to expand
our global healthcare business."
The DIAMOND software was originally developed by Health Systems Design Corporate (HSD), which is now a wholly owned
subsidiary of Perot Systems. HSD was acquired by Perot Systems in December 2000.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible
and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that
enable clients to accelerate growth, streamline operations, and create new levels of customer value. Headquartered in
Dallas, Texas, Perot Systems has more than 400 clients and reported 2000 revenue of $1.1 billion. The company has more
than 8,000 Associates located in the United States, Europe, and Asia. Additional information on Perot Systems is
available at http://www.perotsystems.com .
About Southern Cross Healthcare
Since 1961, Southern Cross Healthcare has been New Zealand's leading private health insurer. Today, it extends its
range of services to provide other healthcare products and services, with 980,000 New Zealanders utilizing their
Over the past 10 years, more than 90 cents of every dollar contributed by Southern Cross members has been paid out to
meet members' claims. The group's total revenue in 2000 was NZ$ 430.3 million.
Statements contained within this press release may contain forward-looking statements, which involve risks and
uncertainties that may cause actual results to vary from those contained in the forward-looking statements. In some
cases, you can identify such forward-looking statements by terminology such as "may," "will," "could," "forecasts,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue." In evaluating all
forward-looking statements, you should specifically consider various factors that may cause actual results to vary from
those contained in the forward-looking statements, such as: Perot Systems' ability to achieve future sales and
consummate acquisitions; the loss of major clients; changes in its UBS relationship and variability of revenue and
expense associated with its largest customer; growing start-up businesses; the highly competitive market in which Perot
Systems operates; the variability of quarterly operating results; changes in technology; and risks related to
international operations. Please refer to the Perot Systems Annual Report on Form 10-K for the fiscal year ended
December 31, 2000, as filed with the U.S. Securities and Exchange Commission and available at www.sec.gov , for
additional information regarding risk factors. Perot Systems disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information, future developments, or otherwise.
SOURCE: Perot Systems Corporation