Prism Acquires Healthcare Data Warehousing Company

Share this content:
Data-warehousing company Prism Solutions, Sunnyvale, CA, recently acquired System Techniques Inc., Atlanta, a data-warehousing company specializing in the healthcare industry.


The acquisition, completed late last month, was accounted for as a pooling of interests with Prism acquiring STI for 545,000 shares of Prism common stock. Prism's stock closed at 6 1/4 on June 15. STI's posted revenues of $4 million in 1997 and lists Detroit Medical Center, Kaiser Permanente and Promina Health Systems as clients.


Prism began focusing on offering consulting services to meet the needs of specific industries last year. The acquisition of STI comes on the heels of an acquisition in January of Customer Focus International, which specializes in consulting to the finance industry.


STI's products and services include Concur, a system for building business and data models, and strategic plans; Convey, software used in conjunction with Concur to gather information; Healthcare Data Model, a blueprint for implementing solutions; and Parados, software that leverages data for analysis and benchmarking uses.


All STI's employees will become employees of Prism Solutions and will continue to work from STI's Atlanta office. STI's founder, president and CEO Jane Griffin will become vice president of business solutions for Prism and will direct Prism's healthcare practice.


"Prism and Systems Techniques have a common philosophy of building partnerships with our customers to create information solutions that increase competitiveness and profitability," Griffin said of the merger.


Prism, has 355 customers worldwide and offices in the United States, Australia, Canada, France, Germany, Hong Kong, Mexico, the Netherlands, New Zealand, Singapore, Spain and the United Kingdom.
close

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above