TriZetto Files Registration Statement for Public Offering

Apr 16, 2001, 01:00 ET from The TriZetto Group, Inc.

    NEWPORT BEACH, Calif., April 16 /PRNewswire/ --
 The TriZetto(R) Group, Inc. (Nasdaq:   TZIX) filed a registration statement
 today with the Securities and Exchange Commission for a proposed offering of
 5,000,000 shares of its common stock.  Of the total shares to be offered,
 TriZetto will offer 4,000,000 shares, and existing stockholders will offer
 1,000,000 shares.
     The offering is being managed by Bear, Stearns & Co. Inc. and UBS Warburg
 LLC as joint book-running lead managers, and Salomon Smith Barney, Inc. as
 co-manager.  The selling stockholders have agreed to grant the underwriters a
 30-day option to purchase up to 750,000 shares of common stock to cover
 over-allotments, if any.
     A registration statement relating to these securities has been filed with
 the Securities and Exchange Commission, but has not yet become effective.  The
 securities may not be sold, nor may offers to buy be accepted, prior to the
 time the registration statement becomes effective.  This announcement is
 neither an offer to sell nor a solicitation of an offer to buy, nor shall
 there be any sale of these securities in any state in which such offer,
 solicitation or sale would be unlawful prior to registration or qualification
 under the securities laws of such state.  The offer will be made only by means
 of a prospectus, written copies of which may be obtained, when available, by
 contacting Bear, Stearns & Co. Inc., 245 Park Avenue, New York, New York
 10167, (212) 272-2000.
 
     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 may contain 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 The TriZetto Group, Inc.
    NEWPORT BEACH, Calif., April 16 /PRNewswire/ --
 The TriZetto(R) Group, Inc. (Nasdaq:   TZIX) filed a registration statement
 today with the Securities and Exchange Commission for a proposed offering of
 5,000,000 shares of its common stock.  Of the total shares to be offered,
 TriZetto will offer 4,000,000 shares, and existing stockholders will offer
 1,000,000 shares.
     The offering is being managed by Bear, Stearns & Co. Inc. and UBS Warburg
 LLC as joint book-running lead managers, and Salomon Smith Barney, Inc. as
 co-manager.  The selling stockholders have agreed to grant the underwriters a
 30-day option to purchase up to 750,000 shares of common stock to cover
 over-allotments, if any.
     A registration statement relating to these securities has been filed with
 the Securities and Exchange Commission, but has not yet become effective.  The
 securities may not be sold, nor may offers to buy be accepted, prior to the
 time the registration statement becomes effective.  This announcement is
 neither an offer to sell nor a solicitation of an offer to buy, nor shall
 there be any sale of these securities in any state in which such offer,
 solicitation or sale would be unlawful prior to registration or qualification
 under the securities laws of such state.  The offer will be made only by means
 of a prospectus, written copies of which may be obtained, when available, by
 contacting Bear, Stearns & Co. Inc., 245 Park Avenue, New York, New York
 10167, (212) 272-2000.
 
     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 may contain 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  The TriZetto Group, Inc.