Rolling Meadows, IL. (PRWEB) May 15, 2012
Post closing of this transaction, Quadrant4 will be integrating empowHR technology into its Cloud based Health Exchange platform. Quadrant4 will also expand the empowHR platform into a full scale market place portal rich with features that include:
- Integration of all employer sponsored insurance and benefits as well as work-site benefit products for enrollment, communication and administration
- Agency portal for management and administration of multiple client types incorporating insurance, employee benefits and financial services into a single platform
- Employer portal for managing insurance, employee benefits, human resources, financial services and integration with third party product providers such as payroll systems, human resource systems, and/or other administrators
- Employee portal for managing all benefit programs, change of family status and any employer required activity for on-boarding, off-boarding, training, time and attendance
- Analytics capable of providing insight into employee behavior, benefit expense trends and others
empowHR technology has been in deployment for over ten years and has been used by over 2 million members for various benefits administration between licensing, OEM and recurring subscription based models. Its key user groups and customers include insurance companies, agencies, third party administrators, health plans, and large employers.
Quadrant4 intends to complete the transaction using mostly restricted common shares once due diligence is completed. The executive and senior management of empowHR will continue to build and deliver significant revenue streams and market share for Quadrant4’s health care vertical.
Dhru Desai, Chairman of the board of Quadrant 4 stated “… our combination will accelerate the development of empowHR technology beyond its current capabilities to the next generation market requirements…”
Robert Steele, Founder and CEO of empowHR stated “… our ability to deliver the most complete benefits administration, communication and enrollment tool in the industry, along with our “Live in Five” methodology, coupled with the ability to capitalize on Quadrant4’s significant development capability will allow us to close bigger deals, provide custom development, and deploy significant enhancements quicker which will provide the fuel our jet engine is looking for …”
EmpowHR was originally built in 2000 and has been successfully deployed to meet a very diverse set of business needs all focused around benefits enrollment, communication and administration. There are three key elements which sets apart empowHR from its competitors. The first item is our “Live in Five” methodology. An employer could be enrolling in five days or less rather than the traditional five to ten weeks. This allows our brokers, consultants and marketing organizations to compete for business even up to the very last minute. The second is our ability to manage any product type, from any provider, on any platform, in a number of enrollment configurations. Finally, our ASSET deployment model allows us to teach our “Live in Five” methodology to our clients and allow them to manage the configuration, timing and support elements all within their control. Thus, empowHR can manage all client types, client size and client complexity.
About Quadrant4 Systems Corporation
Quadrant4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on Financial Services, Health Care, Retail, Manufacturing and Telecommunication sectors with a broad spectrum of services and technology practices that include ERP, SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy platforms, BI/DW, testing, platform migration, web technologies and others. The company plans to enter the IT enabled and managed services sector and cloud based services through business acquisitions and/or combination opportunities in the near future to further execute its articulated business strategy.
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