H-E-B Selects Employee Health & Benefits Software Solutions from IE-Engine

WALTHAM, Mass.--(BUSINESS WIRE)--Aug. 11, 2003-- IE-Engine enables regional grocer to manage employee health & benefits data, manage the cost of employee healthcare plans, and monitor and manage healthcare vendors IE-Engine (www.IE-Engine.com) a leading developer of industry accepted employee health and benefit software solutions, today announced that H.E. Butt Grocery Company (H-E-B) has joined its growing list of customers. IE-Engine will provide H-E-B with improved management capability over its employee health and welfare data, visibility into the performance of vendors, and an automated electronic platform for healthcare plan procurement. Founded in 1905, H-E-B employs 55,000 partners and operates more than 300 stores in Texas and internationally in Mexico. Like most companies, H-E-B traditionally employed a manual, labor-intensive approach that limited its ability to employ best practices in plan procurement and vendor management. Utilizing IE-Engine's employee health & benefits software solution, H-E-B now has improved management capability of its employee health and benefits data, an electronic platform for automating procurement and vendor evaluation, and complete transparency into all of the processes associated with employee health and benefits plans. "IE-Engine's employee health and benefits solution automates the administration and evaluation of our healthcare vendors, allowing our HR team to focus on more strategic, higher value tasks," said Kathy Durbin, director of employee benefits at H-E-B. "Today's HR departments need to better manage costs through enhanced management capability over the administration and evaluation of employee health and benefits vendors," said John McMahon, president and CEO of IE-Engine. "IE-Engine's employee health and benefits software solution is enabling Global 1000 companies like H-E-B to realize for the first time the significant process and cost efficiencies associated with technology and automation in the HR department." IE-Engine's employee health and benefits solution gives HR professionals the power to work with their consultants to make strategic decisions that result in: -- Lower employee benefit costs -- Higher quality employee benefits and services -- Lower internal administrative costs -- Healthier, happier employees About IE-Engine For HR Executives, IE-Engine (www.IE-Engine.com) is the industry-accepted employee health and benefits software solution. Through its application of HR-specific technology and expertise, IE-Engine helps corporations such as Ford, Lucent, Pitney Bowes and Staples better manage costs by automating the administration and evaluation of employee health and benefits vendors. Founded in 1999 and headquartered in Waltham, Mass., IE-Engine is a privately-held company backed by Kodiak Venture Partners, Adams, Harkness & Hill, and Toronto-based RBC Capital Partners, the venture capital unit of Royal Bank of Canada. --30--GK/bo* CONTACT: IE-Engine Brent Bannerman, 781/697-2880 bbannerman@IE-Engine.com or fama PR Michael DiLorenzo, 617/758-4143 IE@famapr.com KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: HUMAN RESOURCES SOFTWARE SOURCE: IE-Engine