SCHAUMBURG, Ill., Nov. 16, 2015 (GLOBE NEWSWIRE) -- Quadrant 4 System Corporation (QFOR) ("Quadrant 4" or the "Company") which provides state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (QHIX), Media (QBLITZ) and Education (QEDIX) is pleased to announce Grady Enterprises, Inc. www.gradyenterprises.com will begin deploying QHIX within the Grady Enterprise Exchange to automate benefits administration and provide private exchange capabilities serving its education, commercial and consumer business units.
Grady Enterprises is a leading brokerage and consulting firm located in Columbus, Ohio and is family-owned and operated since 1972. The company focuses on employee benefits with special emphasis on the educational institutions of Ohio and is the plan manager of employee benefits to Ohio's two largest educational purchasing cooperatives.
Joe Grady, CEO Grady Enterprises stated, "Quadrant 4 has proven to be a very strong technology partner and their QHIX platform has proven to meet all of our diverse operational needs and most importantly the needs of our school district clients which are a part of the school purchasing cooperatives based here in Ohio. Many of our Educational, Public and Labor Clients have a unique position of participating in collaborative purchasing programs that must also comply with individually bargained benefit agreements. QHIX affords us the flexibility to manage sophisticated group benefits administration in addition to providing an individual exchange solution under one platform. As plan manager to the largest public school purchasing cooperatives in Ohio, we will initially subscribe 180 employers representing 35,000 employees on the QHIX Platform and we expect to see exponential growth by mid-2016. QHIX also gives us an expanded service model for our multi-state clients and a channel to grow our national presence. We were looking for the best in breed partner and we found that partner in Quadrant 4," continued Mr. Grady.
Quadrant 4's QHIX Exchange Solution is the product of several years of research and development in which the company leveraged its enterprise software expertise and the analysis of eleven state public exchange requirements to create an industry-leading, cloud-based, fully-functional commercial exchange for health plans, third party administrators, brokers, consultants, employers, employees and individuals. Quadrant 4's development of the hybrid benefits exchange created the industry's first solution that allows benefits providers to offer benefits administration to both groups and to individuals on the same platform.
"We are pleased to be working with the Grady team on multiple deployments of our core technology, QHIX. This is a big win for Quadrant 4 because it demonstrates how our platform was built to serve a broad operational insurance and benefits marketing organization like Grady Enterprises," stated Robert Steele, President of Quadrant 4 Health.
Quadrant 4's Chief Executive Officer, Dr. Nandu Thondavadi stated, "We are now seeing momentum build as we continue to introduce our QHIX Exchange Solution to the benefits administration community. As the community becomes more aware of our technology we are seeing a significant uptick in interest and a growing desire amongst the stakeholders to connect with Quadrant 4 as a trusted partner."
About Grady Enterprises
Grady Enterprises, Inc. is a family-owned and operated employee benefits agency with special emphasis on the educational institutions of Ohio. Since 1972, Grady has carved out a niche market amongst the top purchasing cooperatives in the state by creating and developing products and services that follow 'best practices' which simply get better results. http://www.gradyenterprises.com
About Quadrant 4 System Corporation
Quadrant 4 System Corporation is a SMAC (Social, Mobile, Analytics and Cloud) technology company offering state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (QHIX), Media (QBLITZ) and Education (QEDIX). Quadrant 4's highly scalable vertical cloud platforms coupled with our Global Professional Services organization provide our clients with a competitive advantage in the marketplace. Please visit www.qfor.com for more information.
Forward-Looking Statements
This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.