enherent Announces Partnership with MJM to Provide Customers With Improved Fraud...

Mon Oct 20, 2008 3:43pm EDT
 
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enherent Announces Partnership with MJM to Provide Customers With Improved Fraud Detection Processes Using Text Analytics

ISELIN, N.J.--(Business Wire)--
enherent Corp. (OTC BB: ENHT, www.enherentcorp.com) (the "Company"
or "enherent"), an Information Technology Consulting Services and
Solutions provider announced today it has entered into an agreement
with MJM, Inc., the global leader in insurance fraud mitigation and
claims investigative services, to deliver fraud detection solutions
using text analytics technology for the insurance industry.

   Text analytics delivers considerable business insight and value by
automating the analysis of text and its integration with traditional
forms of structured data. It significantly reduces the amount of time
analysts spend searching, reading and organizing, allowing them to
spend more time analyzing and collaborating on the results of their
analysis.

   MJM brings considerable industry expertise; while enherent will
contribute its text analytics expertise and other advanced analytic
capabilities. enherent uses text analytics software to rapidly deliver
high ROI solutions for fraud detection. The solutions are targeted at
a number of insurance industry segments including workers'
compensation, property and casualty (P&C) and health care.

   "We look forward to providing MJM's customers with advanced fraud
detection capabilities using text analytics," said Pamela Fredette,
Chairman and CEO of enherent. "Rapid ROI in the form of reduced
fraudulent payout, lower administrative costs, and timeliness of claim
handling is delivered by leveraging text to more accurately identify
fraud. We believe this partnership represents an excellent financial
opportunity for both parties."

   "We're very excited to offer our clients a solution that detects
fraud with improved accuracy - faster and earlier in the claim
process," said Michael J. Malone, President of MJM. "Our clients will
realize business value in weeks instead of months, with significant
bottom line impact."

   About enherent

   enherent is an IT consulting services firm delivering advanced
analytics & collaboration, enterprise content management and
infrastructure solutions to enterprise and mid-market organizations.
Our solutions enable clients to create, contribute, understand and
transform structured and unstructured data into actionable
intelligence to enhance decision making and innovation that create
competitive advantage.

   About MJM, Inc.

   MJM Inc., headquartered in Raleigh, N.C., is the international
leader in providing a wide variety of investigative products and
services to insurance carriers, self-insured corporations and
third-party administrators. MJM provides quality field investigations,
comprehensive SIU programs, strategic anti-fraud planning, innovative
educational courses, integrated Internet-based technologies and
professional consulting services. For more information, visit
www.mjminc.com.

   Forward-Looking and Cautionary Statements

   Except for the historical information and discussions contained
herein, statements contained in this release may constitute "forward-
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are
based on certain assumptions and analyses made by the Company derived
from its experience and perceptions. Actual results and developments
may vary materially from those described because they are subject to a
number of known and unknown risks and uncertainties. Such risks and
uncertainties include, but are not limited to, future demand for the
Company's services; general economic, market and business conditions;
the Company's ability to increase the amount of services rendered to
existing clients and develop new clients and reduce costs of providing
services; the Company's ability to recruit and retain IT
professionals; and various other factors discussed in the Company's
filings with the Securities and Exchange Commission including those
set forth under Item 1A of the Company's most recent Form 10-K. The
Company disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future developments, or otherwise.

enherent Corp.
Frank Diana, 732-603-3859
fdiana@enherentcorp.com

Copyright Business Wire 2008

 

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