Beverly Enterprises (NYSE:BEV)
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Lionbridge Secures a Three-Year, Multi-Million Dollar Information
Technology Services Agreement with Beverly Enterprises
WALTHAM, Mass., Oct. 14 /PRNewswire-FirstCall/ -- Lionbridge (NASDAQ:LIOX),
today announced a three-year, IT services outsourcing agreement with Beverly
Enterprises Inc. (NYSE:BEV). As Beverly's strategic outsourcing provider,
Lionbridge will provide ongoing development, testing, maintenance and support
services for Beverly's portfolio of enterprise technology applications and
systems, including financial applications such as accounts payable,
receivables, general ledger and payroll, the company's PeopleSoft HRIMS
Benefits implementation, and various front-office web-based applications.
"Lionbridge's healthcare industry expertise, program management skills and
solid experience will help us improve and streamline our Information Technology
operations and enable us to provide a higher level of customer service," said
Jeff Freimark, Executive Vice President for Beverly. "We anticipate that our
partnership with Lionbridge will provide increased flexibility and efficiency,
improved productivity and better financial and business decision making. It
will allow us to focus on what we do best -- providing quality care to the
elderly men and women we serve."
Leveraging its global infrastructure and process sophistication, Lionbridge
will combine program management experts onsite at Beverly with a team of
application engineers, developers and support professionals offshore in
Lionbridge's Mumbai, India solution center. This proven onsite/offshore model
will provide Beverly with comprehensive IT services and support for back office
applications, data processing systems, data warehousing and data mining
activities while allowing the company to improve its processes with fully
integrated, web-based user applications.
"As the largest long-term healthcare company in the U.S., Beverly is embracing
an IT outsourcing strategy that generates both short and long-term cost
benefits while enabling them to concentrate on their core business," said Rory
Cowan, CEO, Lionbridge. "This agreement with Beverly reflects the increasing
diversity of Lionbridge's client base and underscores the power of our global
outsourcing model that enables organizations in all industries to reduce costs,
optimize their existing resources and improve processes."
About Lionbridge
Lionbridge Technologies, Inc. (NASDAQ:LIOX) is a provider of globalization and
testing services. Lionbridge combines global onshore, near- shore and offshore
resources with proven program management methodologies to serve as an outsource
partner throughout a client's product and content lifecycle -- from development
to globalization, testing and maintenance. Global organizations in all
industries rely on Lionbridge services to increase international market share,
speed adoption of global products and content, and enhance their return on
enterprise applications and IT system investments. Based in Waltham, Mass.,
Lionbridge maintains 20 solution centers in 9 countries and provides services
under the Lionbridge and VeriTest brands. To learn more, visit
http://www.lionbridge.com/.
About Beverly Enterprises
Beverly Enterprises, Inc. and its operating subsidiaries are leading providers
of healthcare services to the elderly in the United States. Beverly currently
operates 355 skilled nursing facilities, as well as 18 assisted living centers,
and 44 hospice centers. Through Aegis Therapies, Beverly also offers
rehabilitative services on a contract basis to facilities operated by other
care providers. For more information, http://www.beverlycares.com/.
Contact:
Sara Buda
Lionbridge Technologies
(781) 434-6190
DATASOURCE: Lionbridge Technologies, Inc.
CONTACT: Sara Buda of Lionbridge Technologies, +1-781-434-6190,
Web site: http://www.lionbridge.com/
http://www.beverlycares.com/