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DESPITE ECONOMY, INCENTONE ENJOYS STRONG GROWTH IN 2008
Strategic Moves Position Incentive Solution Provider for Future Growth
LYNDHURST, NJ — February 18, 2009 — Despite a slumping national economy, IncentOne, a leading provider of technology-based solutions that uses incentives to help clients achieve their bottom-line business objectives, enjoyed strong growth in 2008, launching more than 100 new incentive platforms. A number of strategic moves were completed that will help position the company for continued growth in 2009 and beyond. Highlights of the company’s significant achievements during the past year include the following:
- Achieved the milestone of one million situations where individuals completed desired incented behaviors to earn rewards
- Formed 30 new partnerships with health management organizations and launched programs for clients representing more than 50 million health members through its Health & Productivity Management division
- Completed a strategic investment from Camden Partners Holdings, LLC, a private equity firm
- Awarded a five-year General Services Administration (GSA) Schedule 70 contract by the U.S. Government
In addition to achieving significant business development goals, the company expanded its senior management team with the addition of:
- Jake Geller, former Vice President of Information Technology for Quest Diagnostics, as Chief Information Officer
- Joseph Morgan, who previously oversaw the acquisition of MD-X Solutions Inc. by Med Assets in 2007, as Chief Financial Officer
- Jeanne Caso, former leader of the AT&T True Rewards Loyalty Program, as Chief Marketing Officer.
“As a result of our strategic investments IncentOne is ideally positioned to serve a blue chip client base,” said Michael Dermer, CEO and President of IncentOne. “IncentOne prides itself on helping customers and partners use Incentives to tackle the nation’s greatest issues such as healthcare costs, revenue growth, employee productivity, energy use and “going green”. Multi-year investments in our technology and our people enable us to provide our customers with the best solution, the best thought, the best execution and the best people.” In 2009, we are investing heavily in product innovation and hiring to support growth”.
IncentOne provides innovative, technology-enabled, incentive-based solutions to help increase revenues, decrease costs and create competitive advantages for clients that range from the Fortune 500 to entrepreneurial firms. IncentOne combines its proven incentive platform with the industry’s most comprehensive reward portfolio and Best Practices to provide a powerful tool to drive business objectives. Its programs can positively impact clients’ bottom lines by reducing healthcare costs, growing revenue, improving employee productivity, strengthening customer loyalty, and reducing energy use. For more information, please visit www.incentone.com.
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