Jade Strategic Relationship With Ascribe plc

JADE SOFTWARE CORPORATION MEDIA BRIEFING

For Immediate Release

Jade Establishes Strategic Relationship With Ascribe plc

Jade Software Corporation (Jade) and listed UK health IT group, Ascribe plc (Ascribe) have entered into an agreement relating to the ownership and distribution of all JADE health software, including a multi year software application development and support contract.

Under the terms of the agreement, Jade will continue to provide research and development, and application support and systems management services to Ascribe for the Jade Health systems. Ascribe will assume ownership of the software, undertake marketing and business development and assume responsibility for the health customer relationship management.

Ascribe is a health IT group with offices in the UK, Australia and New Zealand and is focussed on the delivery of software solutions to the international healthcare market. Ascribe’s strategy is to build on its current position in the market through acquisitions of proven healthcare IT systems.

Managing Director of Jade Software, Dr. Rod Carr said; “I’m extremely excited by the opportunity the association with Ascribe offers Jade. Ascribe’s focus on the health sector’s information systems requirements, their established customer base in the UK with over 100 NHS trusts, and their access to capital to fund aggressive growth complements Jade’s proven technology for building information systems and support capabilities. Jade will continue to provide development and support services to Ascribe’s Jade customers. The Ascribe transaction will help underpin the accelerating rate of growth in Jade’s revenues.”

For Jade’s health customers, the move into a client base managed by an international health care organisation means that they will benefit from the broader base of health care knowledge and resources, while retaining their investment in their Jade health systems.

Executive Chairman and Founder of Ascribe PLC Stephen Critchlow said; ”Ascribe’s experience in the health market and Jade’s experiences as a provider of health software makes the agreement an extremely positive move by both parties. We are impressed by the benefits Jade’s customers in the health sector have derived from their use of Jade’s technology and we sought Jade out as a business partner to create further benefits for both organisations’ customers, staff and shareholders.”

~ ENDS ~

ABOUT JADE SOFTWARE CORPORATION

Established in 1978, Jade Software Corporation is an information technology research and development organisation, with more than 25 years' experience supplying enterprise scale software solutions to large businesses and government organisations. The company produces; JADE - an integrated computing platform, products for the healthcare, higher education, HR and payroll, ports and shipping sectors, and also provides custom development services and systems management. A network of distributors and channel partners sells the company’s products and services to companies throughout Asia-Pacific, Europe and North America.

A privately owned New Zealand company, Jade employs around 250 people throughout New Zealand, Australia, the United States and the United Kingdom. The company's Managing Director is Dr Rod Carr.

For more information visit: www.jadeworld.com

ABOUT ASCRIBE PLC

Ascribe plc (AIM: ASP) is a leading healthcare company that develops and markets software solutions supporting patient, clinical and business processes to the international healthcare market. The Group delivers ‘point of care’ solutions to Emergency and Minor Injuries units, Mental Health and Social Care units, Hospital and Retail Pharmacies, and General Practice surgeries.

With a clear focus on providing risk-reducing clinical software solutions, Ascribe uses its core technology to help integrate IT systems that enable more-informed care decisions to be made, benefiting the patient and the healthcare provider.

Ascribe plc was floated on AIM in 2004, and currently employs 160 personnel through its four market leading companies in the UK, Hong Kong, Malaysia, East Africa, Australia and New Zealand.

For more information, please visit http://www.ascribe.com

© Scoop Media