Zanett Successfully Concludes Healthcare Conference; 2010 HIMSS Exhibition Attracted Over 27,500 Healthcare Experts; Healthcare Largest Segment of All Contracts Signed by Zanett in Past 2 Months

NEW YORK and ATLANTA, March 5 /PRNewswire/ -- Zanett, Inc. (Nasdaq: ZANE) today announced that it has just successfully completed the Altanta-based 2010 HIMSS Healthcare Conference & Exhibition (HIMSS - Healthcare Information Management Systems Society). HIMSS is an annual conference, considered by many to be the world's largest and most respected Healthcare IT exhibition, showcasing the most innovative Healthcare IT vendors.

More information on HIMSS can be obtained at http://www.himssconference.org.

OVER 27,500 HEALTHCARE EXPERTS

More than 27,500 healthcare industry experts including CFO's, CIO's, physicians, nurses, payers, pharmacists, and CTO's attended HIMSS 2010 to learn about the latest solutions for improving healthcare through IT.  More than 300 education sessions on cutting-edge topics such as meaningful use standards, certification and criteria, ARRA, Government contributions to advancing Healthcare IT, nationwide Electronic Health Records (EHRs), and Healthcare IT privacy and security practices.  

U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES

The Department of Health and Human Services recently announced the selection of David Blumenthal, M.D., M.P.P. as the Obama Administration's choice for National Coordinator for Health Information Technology.  As the National Coordinator, Dr. Blumenthal will lead the implementation of a nationwide interoperable, privacy-protected health information technology infrastructure as called for in the American Recovery and Reinvestment Act. 

In his appearance at HIMSS, David Blumenthal, MD, reiterated his support for healthcare IT, calling information the "lifeblood of medicine." Healthcare IT is "destined to be its circulatory system," he said.  As long as "the focus is kept on the value to patients and the promise to both individual and population health, we will not go astray in our efforts to implement Healthcare IT."

"While 2009 was spent mostly developing policy," Dr Blumenthal amplified, "now begins the process of implementation." By the end of spring 2010 when three regulations will be finalized, "the new era of high-tech can be launched and the next iteration of meaningful use standards and criteria will be addressed," he further explained.

FISCAL STIMULUS - ADVANCING HEALTHCARE IT

Furthermore, Dr Blumenthal reviewed the wide range of programs that will be funded by the $2 billion of discretionary funding made possible by the recent American Recovery and Reinvestment Act.  The Health IT Policy Committee created a new working group that is currently focusing on privacy and security, as well as addressing cyber security issues on the broader federal level.

The NHIN Direct, a set of standards and protocols, is being developed so that resource-strapped providers and other healthcare organizations will be able to connect to the Nationwide Health Information Network.  With bipartisan support, the inevitability of science, and the power of professionalism, Blumenthal reiterated his optimism for advancing Healthcare IT.

ZANETT HEALTHCARE – NEW SOFTWARE PACKAGE INTRODUCED

At HIMSS, Zanett successfully introduced its recently-announced jointly-developed CODS software package (Clinical Online Delivery System) to support standardized, evidence-based order sets at the point of care, arming doctors and clinicians with critical information to improve medication safety and patient care.  With this solution, physicians and nurses will be able to spend more time with patients and less time on the charting required of them in creating paper records.  

For Zanett, Healthcare was by far the largest industry sector of all the contracts signed for the past 2 months.  The aggregate value of all the contracts signed in the past 2 months is over $12 million, comprising of 42 different customers.

About Zanett, Inc.

Zanett is a leading business process outsourcing (BPO), IT enabled services (ITES), and information technology (IT) consulting firm serving Fortune 500 corporations and mid-market organizations in Healthcare, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government.

Zanett helps organizations align business objectives with outsourced technology-enabled services to create Real Enterprise Value. We serve the Fortune 500 and mid-market organizations in Health care, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government with solutions ranging from business consulting as well as custom business solutions that integrate and implement Oracle's full suite of product offerings Oracle, JD Edwards, PeopleSoft, Seibel, including infrastructure technology and managed services together with associated Oracle Fusion technologies. Zanett employs over 225 professionals in North America and Asia with offices in Atlanta, Boston, Cincinnati, Indianapolis, Jacksonville, New York City, North Palm Beach, and Manila. For more information please visit http://www.zanett.com/ or http://healthcare.zanett.com.

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SOURCE Zanett, Inc.