MMIT Appoints VP of Business Development, Adds CTO

BALA CYNWYD, Pa., July 18, 2011 /PRNewswire/ -- MediMedia Information Technologies (MMIT), the complete source for formulary intelligence, is pleased to announce the appointment of Robert Gutelius as Vice President of Business Development.  Rob will assume responsibility for all of MMIT's Sales and Client Service activities for the organization. Mr. Gutelius joined MMIT in September of 2008, and has an ability to understand customer challenges and issues and develop a consultative approach in creating solutions.   "Rob has worked in tandem with the Sales and Client Service teams in creating innovative strategies to optimize the client experience and utilization of our products," said Marty Caron, President and CEO of MMIT.  "We are excited to have him leading our Sales and Service efforts as we continue to offer innovative solutions for our diverse customer base."

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Prior to joining MMIT, Rob spent 20 years at IMS Health holding positions of increasing responsibility in Sales and Service. During his years at IMS, he was responsible for the overall management of IMS' West Coast Sales office, and gained extensive knowledge of secondary data, applications and integration.

Separately, Chin Hock (C.H.) Low has joined the company as Chief Technology Officer.  C.H. has served in Senior Executive roles with technology firms such as Ryzing LLC, Orbius Inc. and StarCite, Inc.  Mr. Low brings over 30 years of experience in software product management, software development and technology group management in various startup and early stage companies.

"The addition of C.H. to our management team is an important step in leveraging our market leadership position by further investing in and enhancing our technology platform and products; and in building new products for current customers and new related markets," said Marty Caron.  "It is important that we retain our leadership position in offering innovative solutions to help our clients keep up with regulatory reform; drive down costs and take advantage of business opportunities.  We look forward to the considerable insight and experience that C.H. brings to the company, and are excited to have the benefit of his leadership in the design and delivery of inventive solutions for our customers."

Rob and C.H. join a growing team of executives at MMIT including Marty Caron, Ron Berg, Jayne Cortino and Tom Gardner.  These appointments follow the acquisition of MMIT by Susquehanna Growth Equity, LLC in March of this year.

About MediMedia Information Technologies

MMIT provides plan-specific and managed care formulary information to pharmaceutical, health insurance, and electronic prescribing companies. The company's solutions are all built around a central formulary database integrating data from managed care organizations, pharmacy benefit managers, health maintenance organizations, preferred provider organizations, state Medicaid plans, over 1000 Medicare Part D plans, and self-insured employer plans.  The company was founded in 1994 and is based in Newtown, Pennsylvania. For additional information please visit www.mminfotech.com.

About Susquehanna Growth Equity, LLC

Susquehanna Growth Equity, LLC (SGE) is a private equity group investing in growth capital and buyout opportunities in information services, software, and financial technology. SGE's team of dedicated investment professionals brings a unique set of experience combining venture investing with operational expertise. For additional information please visit www.sgep.com.

SGE is an affiliate of Susquehanna International Group, LLP (SIG), a world-leading, technology empowered financial trading firm specializing in making markets and providing liquidity. SIG includes affiliated entities specializing in institutional brokerage, research, private equity, and venture capital. SIG employs approximately 1,500 individuals located in North America, Europe, Asia, and Australia. For additional information please visit www.sig.com.

SOURCE Susquehanna Growth Equity, LLC