ID Experts Retools to Manage Rapid Growth

PORTLAND, Ore., April 4, 2013 /PRNewswire/ -- ID Experts announced today the addition of Paul O'Mara as senior vice president of sales and professional services; an equity round of funding; and new members to its Board of Directors. The new Board now includes chairman Kevin Padrick, senior principal and co-founder at Obsidian Finance Group, LLC; Rick Miller, chairman and founder of Avamere and co-founder of Rogue Venture Partners; Irving Levin, chairman of Genesis Financial Solutions; and Bob Gregg, CEO of ID Experts.

With a growth rate of 96 percent over the last five years, ID Experts is the leading provider of healthcare data breach solutions. These latest actions reinforce ID Experts' commitment to develop new products and services to meet the growing demand for healthcare data breach solutions and continue the expansion of its sales capacity. Since the mandatory reporting of data breaches that include protected health information (PHI) began in 2009, there have been over 64,000 reported breaches effecting over 60 million consumers in the U.S.

ID Experts Poised for Further Rapid Growth with Innovative Technologies

ID Experts continues to innovate with RADAR™, decisioning software for healthcare entities to manage privacy and security incidents. Sales of RADAR have grown 300 percent. ID Experts chairs the PHI Protection Network (PPN), a cross-industry group of PHI protectors and solution providers. The group held its first industry forum on PHI security best practices in March 2013.

"We now have the foundation for the next stage of growth for our company," said Bob Gregg, CEO of ID Experts. "Our executive team and Board of Directors are aligned on a focused strategy that addresses the accelerating privacy and fraud challenges faced by healthcare organizations in the U.S. today."

ID Experts received its latest round of financing in February 2013, with Rogue Venture Partners leading the $2.1 million equity investment. The added funding will allow ID Experts to enhance its presence with its healthcare organization customers, as well as launch a game-changing product that will address the massive medical identity fraud problem in the country's health system.

"ID Experts is a clear leader when it comes to managing sensitive information," said Rick Miller, co-founder of Rogue Venture Partners. "The company is at the intersection of healthcare, privacy and technology and will continue to grow and innovate to meet the evolving needs of organizations who are managing highly sensitive personal information and need to focus on patients first."

About ID Experts

ID Experts delivers complete data breach care. The company's solutions in data breach prevention, analysis and response are endorsed by the American Hospital Association, meet regulatory compliance and achieve the most positive outcomes for its customers. ID Experts is a leading advocate for privacy as a contributor to legislation, a corporate and active member in both the IAPP and HIMSS, a corporate member of HCCA and chairs the ANSI Identity Management Standards Panel PHI Project. For more information, join the LinkedIn All Things HITECH discussion at bit.ly/AllThingsHITECH or All Things Data Breach at http://linkd.in/TsbwgJ; follow ID Experts on Twitter @IDExperts; and visit http://www2.idexpertscorp.com/.

SOURCE ID Experts