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iContracts and Mindlance Life Sciences Announce Services and Implementation Partnership

Raritan, NJ & Hoboken, NJ – May 4, 2009 – iContracts, Inc., an industry leader in providing Contract Management and Compliance solutions for the Pharmaceutical Industry and Mindlance Life Sciences, a division of leading global business and information technology consulting firm Mindlance, Inc., has announced a services and implementation partnership on iContracts’ industry-leading contract management application suite.

iContracts provides enterprise-class solutions to the Life Science industry that can be easily deployed with a streamlined, low cost implementation. The comprehensive suite of fully integrated solutions manages all aspects of the chargeback, rebate, Medicaid and government pricing processes. “We are pleased to have Mindlance as an implementation partner,” said Todd Venetianer, COO, at iContracts. “The iContracts and Mindlance alliance creates a reasonably priced solution for pharmaceutical manufactures that previously wasn’t available in the marketplace.”

Mindlance Life Sciences has successfully delivered many contract and compliance management solutions to the pharmaceutical industry. The company has a deep understanding of the challenges faced by pharmaceutical manufacturers in designing, building, and maintaining systems designed to support contracting operations and compliance. “The comprehensive suite of solutions offered by iContracts coupled with Mindlance’s knowledge and experience implementing solutions for pharmaceutical manufacturers creates a powerful and unique solution for the Life Sciences industry,” said Jeff Lee, Vice President, Life Sciences, at Mindlance. “Our partnership creates a synergy that will provide exceptional value to our customers”.

Mindlance and iContracts are sponsors of the 11th Annual Medicaid Rebates Conference in Lake Buena Vista, FL on May 19-21, 2009.

About iContracts
iContracts delivers solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is far ahead of other solutions. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and is backed by a highly evolved data architecture – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. This deep understanding and straightforward approach shows in everything we do. iContracts’ comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. Our solutions are enterprise-class and can be easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers. For more information, please visit www.icontracts.com.

About Mindlance
Mindlance, Inc., established in 1999, is a leading provider of consulting, outsourcing and staffing services to Fortune 1000 and middle-market clients. Our strategy is to create a long-term partnership with our clients using a multi-faceted approach – applying domain expertise in specific in¬dustry segments, utilizing a highly-skilled technology workforce, leveraging a proven global delivery model and implementing quality processes and methodologies while remaining extremely cost-effective. Mindlance has more than 40 customers including top global companies in financial services, life sciences, healthcare, high technology, as well as government. Mindlance is a certified minority-owned business and has been consistently ranked as one of the fastest growing technology companies in the U.S. For more information, visit www.mindlance.com.

iContracts Media Contact: 
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550, x202
aambrosio@icontracts.com

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