Lawson Software to Acquire Healthvision Solutions, Inc.

Lawson Software to Acquire Healthvision Solutions, Inc.

Connecting disparate clinical, financial and operational systems is cornerstone
of healthcare IT reform

ST. PAUL, Minn.--(BUSINESS WIRE)-- Regulatory News: 

Lawson Software (Nasdaq: LWSN) today announced that it has agreed to acquire
Healthvision Solutions, Inc. (“Healthvision”), through the acquisition of
privately held Quovadx Holdings, Inc. (“Quovadx”), its parent holding company.
Healthvision is a Dallas-based company providing integration and application
technology and related services to hospitals and large healthcare organizations.
The all-cash transaction of $160 million is subject to regulatory approvals and
expected to close in January 2010. 

Healthvision's market-leading Cloverleaf integration technology connects the
disparate software applications and technologies used throughout healthcare
organizations, enabling data to flow smoothly to healthcare professionals
wherever they are and whenever they need it. Without Healthvision solutions,
most healthcare providers struggle with cumbersome, manual and time-intensive IT
environments, adding to the cost of healthcare and affecting the quality of
patient care. The use of Healthvision solutions helps transform what is
typically a multitude of complex interfaces into an automated and efficient
environment. 

Combined with Lawson's leading position in providing enterprise software to
healthcare organizations, the acquisition of Healthvision will enable Lawson to
connect multiple source systems and provide healthcare providers with quick
access to clinical, financial and operational information reliably and securely,
regardless of the source system. With this expanded ability, Lawson can help
hospitals and healthcare organizations protect their existing technology
investments, while adapting to future compliance and interoperability
requirements driven by healthcare IT reform. 

“Reducing healthcare costs is a priority for everyone,” said Harry Debes, Lawson
president and chief executive officer. “Healthvision's solutions address that
challenge by giving our healthcare customers access to financial, operational
and clinical information across their enterprise. When their systems are
connected and data can flow between systems, substantial benefits result.
Clinicians can better coordinate patient care, operational processes become more
efficient, and revenue activities are processed smoothly and at a lower cost.” 

Headquartered in Dallas, Healthvision began in 1989 and today has nearly 300
employees located in the United States, Canada, the United Kingdom and China.
Its Cloverleaf product is a recognized leader and used by 33 percent of North
American hospitals and 40 percent of large integrated delivery networks.
Healthvision has 800 customers, including 200 joint customers with Lawson, and
its products are used in more than 3,000 healthcare facilities around the world.


Healthvision has three product lines. Healthcare organizations use
Healthvision's Cloverleaf integration technology to connect their software
applications within a hospital. Healthvision's Health Information Exchange (HIE)
platform links an entire healthcare network consisting of hospitals, clinics,
laboratories, pharmacies and other stakeholders like payers, partners and
vendors. This is an emerging growth market, with U.S. government stimulus funds
promoting the creation of HIEs. Healthvision also targets the Canadian
healthcare market with its MediSuite products, an integrated suite of provider
applications for laboratories, electronic health records, patient management,
clinical department systems and public health and community care. 

“With Healthvision, we see an opportunity for growth with the system integration
technology used within hospitals and used to build HIEs,” said Jim Catalino,
Lawson senior vice president and general manager of Lawson Healthcare. “Most
healthcare organizations have added or acquired multiple IT systems throughout
their lives and want to get the most out of these assets. Taking on this
integration task themselves requires building, monitoring and maintaining their
own interfaces. That's expensive, time-consuming and difficult and results in
large organizations maintaining thousands of interfaces. Smaller healthcare
organizations usually don't have the money or IT resources to even do this task
so their systems can't talk to one another. Big or small, these IT costs and
disparate systems add to the big issues healthcare faces in terms of efficiency,
affordability and patient care. Healthvision eliminates the need for homegrown
interfaces and the cost of those interfaces and allows healthcare CIOs to
allocate IT resources to more strategic needs.” 

“Healthvision customers get the strength, commitment and leadership of Lawson
not only to the healthcare industry but also to the entire suite of Healthvision
products,” said Carolyn Jolley, Healthvision senior vice president of client
services. “Lawson customers can now address their integration challenges, and on
the strategic level, this acquisition also gives Lawson and Healthvision's
customers the solid system integration and application foundation to create the
exchange of healthcare information demanded by both U.S. healthcare reform and
the Canadian government.” 

In the first 12 months after closing, Healthvision is expected to add $60
million to $70 million in revenues and $0.06 to $0.07 of net earnings per
diluted share before amortization of acquired intangibles, purchase accounting
impact on revenues, integration and transaction costs. Subject to final
determination after the close of the transaction, these costs are estimated to
be $16 million to $22 million in the first year. Approximately 60 percent of
Healthvision's annual revenues are maintenance or subscription fees. 

More information is available at www.lawson.com/acquisition. 

About Lawson Software 

Lawson Software provides software and service solutions to 4,500 customers in
equipment service management & rental, fashion, food, general manufacturing &
distribution, healthcare, public sector (United States), general service
industries, and strategic human capital management across 40 countries. Lawson's
solutions include Enterprise Performance Management, Human Capital Management,
Supply Chain Management, Enterprise Resource Planning, Customer Relationship
Management, Manufacturing Resource Planning, Enterprise Asset Management and
industry-tailored applications. Lawson solutions assist customers in simplifying
their businesses or organizations by helping them streamline processes, reduce
costs and enhance business or operational performance. Lawson is headquartered
in St. Paul, Minn., and has offices around the world. Visit Lawson online at
www.lawson.com. For Lawson's listing on the First North exchange in Sweden,
Remium AB is acting as the Certified Adviser. 

Forward-Looking Statements 

This press release contains forward-looking statements that contain risks and
uncertainties. These forward-looking statements contain statements of intent,
belief or current expectations of Lawson Software and its management. Such
forward-looking statements are not guarantees of future results and involve
risks and uncertainties that may cause actual results to differ materially from
the potential results discussed in the forward-looking statements. The company
is not obligated to update forward-looking statements based on circumstances or
events that occur in the future. Risks and uncertainties that may cause such
differences include but are not limited to: uncertainties in uncertainties in
the software industry; uncertainties as to when and whether the conditions for
the recognition of deferred revenue will be satisfied; increased competition;
general economic conditions; the impact of foreign currency exchange rate
fluctuations; continuation of the global recession and credit crisis; global
military conflicts; terrorist attacks; pandemics, and any future events in
response to these developments; changes in conditions in the company's targeted
industries and other risk factors listed in the company's most recent Quarterly
Report on Form 10-Q and Annual Report on Form 10-K filed with the Securities and
Exchange Commission. Lawson assumes no obligation to update any forward-looking
information contained in this press release.

Lawson Software
Terry Blake, +1-651-767-4766
Media
terry.blake@us.lawson.com
or
Heather Pribyl, +1-651-767-6459
Investors
heather.pribyl@us.lawson.com