TriZetto Acquires INFOTRUST Company Plans to Leverage AMISYS Expertise

Apr 17, 2001, 01:00 ET from TriZetto Group, Inc.

    NEWPORT BEACH, Calif., April 17 /PRNewswire/ -- The TriZetto(R) Group,
 Inc. (Nasdaq:   TZIX) announced today that it acquired INFOTRUST(R) Company, a
 subsidiary of TRUSTCO Holdings, Inc.  INFOTRUST, based in Waukegan, Illinois,
 serves healthcare payers, providing hosted application services and
 outsourcing of essential administrative processes.  TriZetto purchased
 INFOTRUST for 923,077 shares of TriZetto common stock, valued at approximately
 $12.5 - $13.5 million.
     INFOTRUST hosts the AMISYS Managed Care System as the core administrative
 software for its managed care customers, as well as complementary McKessonHBOC
 applications for physician profiling, quality reporting, patient care
 management and clinical auditing.  INFOTRUST's business outsourcing
 capabilities include enrollment, claims administration, premium billing,
 collections, and member and provider services.
     "INFOTRUST will expand our position in the healthcare payer market,
 building upon the large base of customers gained through our recent
 acquisitions of Erisco and RIMS," said Jeffrey H. Margolis, TriZetto's Chief
 Executive Officer.  "INFOTRUST enjoys an excellent reputation among its
 clients, and we plan to increase the market share INFOTRUST has established in
 the AMISYS customer base. INFOTRUST's technical knowledge of AMISYS, business
 outsourcing expertise and thorough understanding of remotely hosted
 application services will be assets to TriZetto in achieving that goal.
 Further, we believe INFOTRUST's current customers will benefit from TriZetto's
 broad range of information technology solutions."
     Margolis added, "Payers are coping with the difficult reality of rising
 healthcare costs along with increased government regulations imposed by the
 Health Insurance Portability and Accountability Act of 1996 (HIPAA).  TriZetto
 has the capability to assist payers with complete information technology
 solutions and services that are cost effective, enable HIPAA compliance, and
 can be rapidly deployed."
     "We are enthusiastic about joining a progressive company like TriZetto,"
 said Mark Franzen, President of INFOTRUST.  "TriZetto and INFOTRUST have
 pursued a similar strategy, focused on providing cost-effective services for
 health plans.  As part of TriZetto, we believe we will be able to offer our
 customers greater flexibility in meeting their future information technology
 and business service needs."
     In 2000, INFOTRUST recognized approximately $12 million of revenue
 (unaudited), including approximately $7.3 million of recurring revenue.
 TriZetto management plans to discuss the financial impact of the INFOTRUST
 acquisition in more detail during its first quarter conference call on April
 24, 2001.
 
     About TriZetto
     The TriZetto(R) Group, Inc., is an information technology and services
 company focused on the healthcare industry.  The company hosts and licenses
 software and provides e-business platforms, serving approximately
 600 customers with more than 90 million enrollees.  TriZetto's application
 service provider (ASP) unit hosts a broad selection of applications from
 multiple vendors for a predictable monthly fee.  All of TriZetto's ASP
 offerings are configured for use over the Internet.  TriZetto's HealthWeb(R)
 technology allows all healthcare participants -- health plans, providers,
 employers and members - to exchange information and conduct business over the
 Internet.  HealtheWare(TM), the software engines unit, develops and licenses
 premium Erisco and RIMS applications for payers and benefits administrators.
 Headquartered in Newport Beach, Calif., TriZetto can be reached at
 (949) 719-2200, http://www.trizetto.com.
 
     This press release contains forward-looking statements that involve risks
 and uncertainties. The forward-looking statements are made pursuant to the
 Safe Harbor provisions of the Private Securities Litigation Reform Act of
 1995. These forward-looking statements may include statements about future net
 revenues, profits, and financial results, the market for TriZetto's services,
 future service offerings, client and partner relationships, and TriZetto's
 operational capabilities.  Actual results may differ materially from those
 stated in any forward-looking statements based on a number of factors,
 including the effectiveness of TriZetto's implementation of its business plan,
 the market's acceptance of TriZetto's services, risks associated with
 management of growth, reliance on third parties to supply key components of
 TriZetto's services, attraction and retention of employees, variability of
 quarterly operating results, competitive factors, risks associated with
 acquisitions, changes in demand for third party products or solutions, which
 form the basis of TriZetto's service offerings, and risks associated with
 rapidly changing technology, as well as the other risks identified in
 TriZetto's Form 10-K and other SEC filings.
 
 

SOURCE TriZetto Group, Inc.
    NEWPORT BEACH, Calif., April 17 /PRNewswire/ -- The TriZetto(R) Group,
 Inc. (Nasdaq:   TZIX) announced today that it acquired INFOTRUST(R) Company, a
 subsidiary of TRUSTCO Holdings, Inc.  INFOTRUST, based in Waukegan, Illinois,
 serves healthcare payers, providing hosted application services and
 outsourcing of essential administrative processes.  TriZetto purchased
 INFOTRUST for 923,077 shares of TriZetto common stock, valued at approximately
 $12.5 - $13.5 million.
     INFOTRUST hosts the AMISYS Managed Care System as the core administrative
 software for its managed care customers, as well as complementary McKessonHBOC
 applications for physician profiling, quality reporting, patient care
 management and clinical auditing.  INFOTRUST's business outsourcing
 capabilities include enrollment, claims administration, premium billing,
 collections, and member and provider services.
     "INFOTRUST will expand our position in the healthcare payer market,
 building upon the large base of customers gained through our recent
 acquisitions of Erisco and RIMS," said Jeffrey H. Margolis, TriZetto's Chief
 Executive Officer.  "INFOTRUST enjoys an excellent reputation among its
 clients, and we plan to increase the market share INFOTRUST has established in
 the AMISYS customer base. INFOTRUST's technical knowledge of AMISYS, business
 outsourcing expertise and thorough understanding of remotely hosted
 application services will be assets to TriZetto in achieving that goal.
 Further, we believe INFOTRUST's current customers will benefit from TriZetto's
 broad range of information technology solutions."
     Margolis added, "Payers are coping with the difficult reality of rising
 healthcare costs along with increased government regulations imposed by the
 Health Insurance Portability and Accountability Act of 1996 (HIPAA).  TriZetto
 has the capability to assist payers with complete information technology
 solutions and services that are cost effective, enable HIPAA compliance, and
 can be rapidly deployed."
     "We are enthusiastic about joining a progressive company like TriZetto,"
 said Mark Franzen, President of INFOTRUST.  "TriZetto and INFOTRUST have
 pursued a similar strategy, focused on providing cost-effective services for
 health plans.  As part of TriZetto, we believe we will be able to offer our
 customers greater flexibility in meeting their future information technology
 and business service needs."
     In 2000, INFOTRUST recognized approximately $12 million of revenue
 (unaudited), including approximately $7.3 million of recurring revenue.
 TriZetto management plans to discuss the financial impact of the INFOTRUST
 acquisition in more detail during its first quarter conference call on April
 24, 2001.
 
     About TriZetto
     The TriZetto(R) Group, Inc., is an information technology and services
 company focused on the healthcare industry.  The company hosts and licenses
 software and provides e-business platforms, serving approximately
 600 customers with more than 90 million enrollees.  TriZetto's application
 service provider (ASP) unit hosts a broad selection of applications from
 multiple vendors for a predictable monthly fee.  All of TriZetto's ASP
 offerings are configured for use over the Internet.  TriZetto's HealthWeb(R)
 technology allows all healthcare participants -- health plans, providers,
 employers and members - to exchange information and conduct business over the
 Internet.  HealtheWare(TM), the software engines unit, develops and licenses
 premium Erisco and RIMS applications for payers and benefits administrators.
 Headquartered in Newport Beach, Calif., TriZetto can be reached at
 (949) 719-2200, http://www.trizetto.com.
 
     This press release contains forward-looking statements that involve risks
 and uncertainties. The forward-looking statements are made pursuant to the
 Safe Harbor provisions of the Private Securities Litigation Reform Act of
 1995. These forward-looking statements may include statements about future net
 revenues, profits, and financial results, the market for TriZetto's services,
 future service offerings, client and partner relationships, and TriZetto's
 operational capabilities.  Actual results may differ materially from those
 stated in any forward-looking statements based on a number of factors,
 including the effectiveness of TriZetto's implementation of its business plan,
 the market's acceptance of TriZetto's services, risks associated with
 management of growth, reliance on third parties to supply key components of
 TriZetto's services, attraction and retention of employees, variability of
 quarterly operating results, competitive factors, risks associated with
 acquisitions, changes in demand for third party products or solutions, which
 form the basis of TriZetto's service offerings, and risks associated with
 rapidly changing technology, as well as the other risks identified in
 TriZetto's Form 10-K and other SEC filings.
 
 SOURCE  TriZetto Group, Inc.