Broadspire’s executive and information technology teams evaluated a number of potential claims systems and chose iVOS based on its ability to offer the most comprehensive solution for 245 clients who receive workers’ compensation and auto and general liability claims services from the TPA. iVOS will replace multiple Broadspire systems and ultimately consolidate claim intake, claim administration, billing, reporting, financial and managed care functionality into a single platform.

“After careful consideration, iVOS was deemed our best option based on ease and speed of implementation, ability to best meet our clients’ needs and integration with other critical functions,” Broadspire President and CEO Dennis Replogle said. “We wanted the most efficient system for our team and, most importantly, our clients.”

iVOS’ simplified, intuitive environment is among the numerous features expected to increase efficiency for Broadspire customers. The system also provides effective solutions for a number of other client concerns including improved workflow automation, increased reporting capabilities and customization features to meet specific business needs.

“In addition to the impressive capabilities and flexibility offered by iVOS, its ease of implementation gives our team the opportunity to deliver a fully functional enterprise system in a relatively short time,” said Broadspire Senior Vice President and CIO Patrick Funck.

“Our one-system approach is well aligned with Broadspire’s goal to consolidate its claims-processing platform. We believe this partnership of innovative technology and Broadspire’s impressive team of claims experts will deliver the services and performance to stand out in today’s competitive market,” said Randy Wheeler, CEO of Valley Oak Systems.

About Broadspire

Broadspire (www.choosebroadspire.com), a Platinum Equity company and third-party administrator, offers a broad array of customized casualty, medical management and integrated disability management services designed to increase employee productivity and contain costs. The services Broadspire offers include workers’ compensation, auto and general liability claims management; medical and field care management, either integrated with casualty services or available on an unbundled basis; integrated workers’ compensation and disability management programs; and risk and safety consulting. Broadspire is based in Plantation, Fla., with 2,800 employees throughout the United States.

About Platinum Equity

Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, software, telecommunications, logistics, manufacturing and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum has acquired more than 60 businesses with more than $12 billion in aggregate revenue at the time of acquisition.

About Valley Oak Systems, Inc.

Valley Oak Systems, Inc. (www.valleyoak.com) is a privately held corporation with headquarters in San Ramon, California. Founded in 1994, Valley Oak Systems is dedicated to providing the highest quality software, services and support to enable clients to meet their goals. The company’s flagship product iVOS is the leading browser-based claims management software that integrates core insurance processes, system features and claims functions into a “one-system” solution. Since 2002, Valley Oak Systems has been recognized as one of America’s fastest growing private companies on the Inc. 500 and Deloitte Technology Fast 500 lists.

Contacts:
Kathy Bradley - Broadspire
954-693-1135
kbradley@choosebroadspire.com
Cynthia Chow - Valley Oak Systems
925-242-4600
cchow@valleyoak.com