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OpenSpan Announces 'Strategic' Acquisition of Triangle BPA

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OpenSpan Announces 'Strategic' Acquisition of Triangle BPA

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January 11, 2012
By David Sims
TMCnet Contributing Editor

OpenSpan (News - Alert), which sells business process analytics, optimization and automation products, is acquiring Triangle BPA, headquartered in the Raleigh-Durham area of North Carolina, securing rights to intellectual property for Triangle BPA’s health insurance payer claim automation tools and techniques.


Company officials say the acquisition follows a year-long partnership between the two companies in support of insurance industry customers.

Triangle BPA’s Claim Control Engine, a business process automation engine for accelerated health insurance claim auto-adjudication, will be rebranded and relaunched as the OpenSpan Automation Engine.

Triangle BPA Co-founder Rod Dunlap said it “became clear” that combining the capabilities of the two companies created “a comprehensive approach to the business process optimization and automation needs of the insurance industry.” Together, Dunlap said, “We are well-positioned to have a dramatic impact on health payers’ efforts to reduce administrative costs, comply with changing regulations, accelerate service, and reduce waste and errors with a compelling, fully automated claim repair product.”

Claim Control Engine “manages specialized, reusable components containing business rules and repair actions in a service-oriented architecture,” OpenSpan officials say, adding that these reusable components are assembled into customized claims processes that automate repairs and that components can be iteratively enhanced and reused across multiple repair scenarios for fast time-to-deployment.

OpenSpan officials say that increasingly, organizations across many industries are turning to the back office as the next frontier for accelerating enterprise efficiency and performance, and that the acquisition of Triangle is a strategic step for the company in that direction.

In September TMC’s (News - Alert) Rahul Arora wrote that OpenSpan officials announced its user process improvement software, OpenSpan 5.1, is available on the market.

The 5.1 version of the software comes with improved features that make it easier for organizations to analyze the performance of other users and implement improvements with OpenSpan's unique process automation capabilities.

OpenSpan 5.1 ensures faster gathering of information about application usage and user processes on the desktop without development, Arora wrote, adding that by analyzing the performance, an organization can identify best practices to replicate throughout their environment.

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David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Rich Steeves

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