NEWS

Quantros Selects Industry Veteran Raj Muni as Chief Financial Officer

Quantros, a leading provider of real-time Web-based accreditation, compliance and performance improvement solutions for the healthcare industry has hired industry veteran Raj Muni as its Chief Financial Officer. Mr. Muni brings nearly 25 years of outstanding senior leadership experience with iLogistix, Xerox, Cutispharma, and other market leaders.

In his role, Muni will guide the financial and administrative functions for Quantros during the company?s continued phase of rapid growth.

"In the past two years over 500 healthcare organizations have begun using the Quantros real-time, Web-based platform to improve patient safety, clinical quality, staffing effectiveness, and accreditation and compliance readiness. Raj Muni brings the experience that we need to continue to grow wisely," said Rajnish Mishra, President and CEO of Quantros.

Most recently, as the CFO at Cutispharma, a Boston based pharmaceutical manufacturer, Muni guided the company?s finance, contract administration, legal activities, and supply chain. As a result, the company generated revenue within 4 month?s of FDA approval of the its first product and achieved profitability in under 12 months.

Previously, as Executive Vice-President of iLogistix (now acquired by CMGI), a $600M global supply chain management services company, Muni?s strategic vision and execution skills helped the company achieve a 700% revenue growth during his 7-year tenure. He was integrally involved in raising equity funding from the likes of GE Equity, in successfully negotiating acquisitions with IBM, Softbank and KAO (Japan), and in leading the company's Asia operations, I.T. and Software groups. Additionally, he held senior management roles in finance, strategy and marketing during a 16-year tenure at Xerox.

"I'm extremely excited about joining Quantros and helping lead the company to the next level of business success," stated Raj Muni, the company?s newly appointed Chief Financial Officer. "Quantros is uniquely positioned with great products, market leadership, and great people, and there's a tremendous opportunity ahead."

Mr. Muni, who has been providing guidance in a consulting capacity for the previous four months, began as Chief Financial Officer on May 1st.

About Quantros

Founded in 1996, Quantros provides real-time knowledge creation solutions for benchmarking, patient safety, accreditation and compliance, and outcomes monitoring for leading healthcare providers, payers, and pharmaceutical manufacturers. Quantros' web delivered applications provide a standard platform for automating resource intensive manual processes. Through a variety of direct sales and vendor partners, nearly 700 hospitals are licensed to use Quantros? web-based technology solutions.