News & Events
HighRoads Named MITX Technology Award Finalist
Benefits Lifecycle Management Innovator Recognized as Technology Leader
BOSTON (May 15, 2006) --- HighRoads, the company helping Fortune 500 organizations deliver high quality health and welfare benefits and reduce costs at the same time, has been named a finalist in the 3rd Annual MITX Technology Awards.
Held by the Massachusetts Innovation & Technology Exchange (MITX), the competition honors New England's most groundbreaking advancements, as well as the individuals and organizations making the area synonymous with the world's most innovative developments.
"In its third year, the MITX Technology Awards have attracted some of the most distinguished technology the region has to offer," said Kiki Mills, Executive Director of MITX. "It is this tremendous interest that enables our organization to accomplish its mission of uniting the brightest minds in the technology community and honoring their outstanding achievement."
As one of Boston's most rapidly growing technology companies, HighRoads is solving one of the biggest issues in business today: fixing the broken model for sourcing, negotiating, communicating, and managing health and welfare benefits.
HighRoads' benefits lifecycle management solutions offer the only vehicle to obtain and manage affordable, high-quality employee healthcare and welfare benefits, through online benefit auctions and plan automation. The technology-based solution provides access to the most competitive plan offerings, from the world's leading insurance carriers, minimizing financial and time investments, driving down contract and related administrative costs and maximizing bottom-line savings.
Even as healthcare costs rise in the double-digit range each year, HighRoads' blue-chip customer base of automotive giants, retailers, manufacturers and government agencies save at least 4-6 percent annually on overall contract costs. This yields more opportunities to align strategic initiatives and processes with key business goals, and retain market leadership status.
"Everyday, organizations see the value of advanced technology in changing how business gets done," said Paul Daoust, CEO of HighRoads. "We're honored that our efforts are being recognized as a stand out example of the power of innovation to solve real business challenges.
HighRoads will be honored along with other finalists during an awards ceremony at the Four Seasons Hotel in Boston on Wednesday, June 7, 2006.
The MITX What's Next Forum & Technology Awards are sponsored by Backbone Media, Lewis PR, Nixon Peabody LLP, Oracle and Technology Review.
ABOUT HIGHROADS
HighRoads, Inc. (www.HighRoads.com) is the only company offering a system of record for managing HR program and supplier information to improve the employee experience while dramatically reducing costs for large, complex organizations. HighRoads has automated HR processes for more than 100 Fortune 500 employers along with 700 of their suppliers, consultants and outsourced administrators in 75 countries. Clients include some of the world's largest companies, such as General Dynamics, Honeywell, IBM, Kraft, Staples and Toyota. Founded in 1999, HighRoads is a privately-held company headquartered in Woburn, Mass.
HighRoads Company Contact:
Lori Dustin
(781) 503-4030
ldustin@highroads.com
HighRoads Media Contact:
Michael McDonough
(617) 969-9192
mmcdonough@corporateink.com