• Acclaris Announces New CEO and Strengthening of Board of Directors in Support of Accelerated Growth Plans

TAMPA, Fla.--(BUSINESS WIRE)--Acclaris, Inc., a leader in reimbursement services for employee benefits, today announced the promotion of Mark Whittington, formerly the company’s COO, to CEO. Additionally, Mr. Whittington, Jim O’Drobinak and Dipankar Mandal have been appointed to the Board of Directors. These developments support Acclaris’ emergence as the leading reimbursement administrator for employee benefits and provides a strong foundation for the company’s accelerated growth plans.

Acclaris, Inc., a leader in reimbursement services for employee benefits, today announced the promotion of Mark Whittington, formerly the company’s COO, to CEO. He is succeeding John West, former CEO and Chairman, who will continue as Chairman of Acclaris. In making the announcement, Mr. West commented: "I have known Mark professionally for many years and he has a strong background in leading organizations through rapid growth and building winning teams. Mark’s promotion is really the result of a transition that has been naturally occurring over several months.” Prior to joining Acclaris, Mr. Whittington was Group President of Executive Resourcing for TMP Worldwide (parent company of Monster.com) where he was integral to the business’ growth from $100 million to $500 million in annual sales. Previously, he was COO of Tampa based System One Solutions, leading the company’s sales growth from $16 million to over $110 million in five years.

In addition, Acclaris announced the appointment of Mr. Whittington and Co-Founders Jim O’Drobinak and Dipankar Mandal to its Board of Directors. Mr. O’Drobinak is a successful local executive with significant human resource outsourcing and benefits industry experience. He was instrumental in the start-up of Acclaris in 2001. “Jim brings extensive, relevant experience to the Acclaris Board of Directors and is widely respected within the Tampa business community and our industry at large,” commented John West. Mr. Mandal is the President of Acclaris, responsible for the company’s product, process, and technology strategy. His role also includes defining service delivery capabilities in response to client needs and market opportunities. Mr. West continued: “Dipankar has a unique grasp of both the operational and technological nuances of the reimbursement services industry. He is not only the chief architect of our leading edge process and technology solutions but also integral to the establishment and future direction of our offshore service centers.”

These developments support Acclaris’ emergence as the leading reimbursement administrator for employee benefits and provides a strong foundation for the company to capitalize on the compelling positive trends in consumer driven health care. Acclaris has grown rapidly during the past 12 months and now serves over 6,500 employee groups, including 20 of the Fortune 500, and handles over $425 million in annual reimbursements. To support this growth the company has doubled its workforce over the past year and anticipates reaching 400 employees worldwide in 2007. Accordingly, Acclaris has relocated its corporate headquarters to a larger facility in the Regions Bank Building on Westshore Boulevard in Tampa, enhanced its Tampa call center capabilities, opened a new state-of-the-art call center in Overland Park, Kansas and expanded its service centers in Vishakapatnam, India and Kolkata, India.

The company continues to make significant enhancements to ACCLAIM, its proprietary, web based reimbursement platform. ACCLAIM is a scalable, flexible, completely web-based, rules-driven platform for processing all types of reimbursement accounts. ACCLAIM is the only unified web portal for both employees and employers that takes a holistic view of all reimbursement accounts and has the ability to handle complex combinations of benefits to support innovative consumer driven health care plans. ACCLAIM provides employers and employees with real time access to their accounts, robust reporting features, and seamless integration with debit card vendors and other ancillary services.

About Acclaris

Acclaris, headquartered in Tampa, Florida, is a leading reimbursement administrator for employee benefits offering the industry’s most comprehensive services through a combination of ground-breaking, web based technology, innovative processes and a globally distributed workforce. The company provides reimbursement services for a very broad range of both IRS regulated (e.g., FSA, HRA, HSA, MRA and Commuter) and employer designed (e.g., Tuition, Scholarship, Adoption, Medicare Part A/B, Fitness and Wellness) plans.

Acclaris’ locations include Tampa, Florida; Overland Park, Kansas; Vishakapatnam, India and Kolkata, India. For additional information, visit the company’s website at www.acclaris.com.

 

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