kloudtrack® TrackHealth™ Technology Achieves CCHIT Preliminary ARRA 2011 Certification

ANNAPOLIS and ROCKVILLE, MD – January 20, 2010: kloudtrack® today announced that Version 5.1 of the company’s TrackHealth™ technology platform has achieved Preliminary ARRA 2011 certification by the Certification
Commission for Health Information Technology (CCHIT®).

 kloudtrack® was one of the first four companies to receive Preliminary ARRA 2011 certification.
TrackHealth is a specialized version of the company’s kloudtrack® SaaS|Cloud
computing workflow, data/document management, compliance and risk mitigation
platform. TrackHealth allows patients, practitioners, regulators, office managers/staff,
administrators, specialists and other medical stakeholders to more actively share data,
monitor critical decisions and manage electronic health records (EHRs) at all stages of a
patient’s care.

Preliminary ARRA 2011 certification requires that EHRs and related technologies surpass
comprehensive testing against proposed Federal technology and process
while also support Meaningful Use Objectives published by the Office of the National
Coordinator’s (ONC/HHS) advisory committees. Using a certified platform, qualified
healthcare providers and practitioners can attain funding under the American Recovery
and Reinvestment Act of 2009 (ARRA – aka the Stimulus Act) for practice automation.

“With the flurry of political and rhetorical wrangling over the broad health reform landscape, practitioners and patients alike are justifiably wondering when and how they can directly participate and benefit,”

– Michael P. Binko, president and CEO of kloudtrack® “While it may yet take some time for the administration’s full strategic roadmap and tactical objectives to be fully mapped-out the good news is that considerable incentives have already been put in place for practitioners who make automation and meaningful patient outcomes a priority.”

Regardless of the health reform big picture practitioners can benefit directly in 2010
by concentrating on data protection, practice management, paperless initiatives, best-
practices and workflow. Then, as ARRA incentives and stimulus funds begin to be
dispersed practitioners can take full advantage before competition for ARRA resources
heats up or funds are depleted.

“With its heritage in governance, risk management, compliance (GRC) and sensitive data
management in financial services and government sectors, kloudtrack® approaches healthcare/medical
automation with keen attention to the likelihood of increased regulatory scrutiny and the need
for security and privacy related to EHRs,” stated Sarah Djamshidi, Executive Director of the Chesapeake Innovation Center (CIC).

Being SaaS|Cloud based, TrackHealth can work with practitioners’ existing processes and
IT systems while scaling easily and affordably as needs and user communities expand.
“TrackHealth is the cornerstone of a concept we call EHR Your Way™. EHR Your Way takes
the worry out of automation by reducing/eliminating paper processes, mitigating risks and
streamlining practice management at all levels,” added Binko.

TrackHealth technologies can be deployed very quickly without the typical hard-costs
of new computing equipment, additional IT staff or long-term software maintenance
contracts. This “low overhead” aspect of the technology makes TrackHealth a definitive
platform for both large and small healthcare/medical organizations.

Additionally, the kloudtrack® Solution Services team is available to advise and work closely with
customers to perform IT audits that identify where TrackHealth can supplement existing
systems. Solution Services teams also project manage deployments with customer teams
in order to identify, prioritize and surpass specific return-on-investment (ROI) goals and
objectives.

More comprehensive information on ARRA and CCHIT evaluation criteria is available at http://
www.cchit.org/products/2011/arraeligibleprovider/1533.

About kloudtrack®

 kloudtrack® is a technology and solution services company that offers
simple, yet powerful and affordable, hosted Software-as-a-Service (SaaS) and Cloud
computing compliance, workflow and risk mitigation technologies. kloudtrack® is one of the first
technology and solution providers to address specific international, federal, state and
industry-imposed regulatory compliance standards in the SaaS-Cloud environment. This
understanding and integration of compliance and risk management factors truly sets kloudtrack®
technologies, solutions and intellectual property apart in the market.

 kloudtrack® is a Chesapeake Innovation Center (CIC) portfolio-company and was recently
selected by Microsoft® Corporation for its Startup Accelerator Program – an initiative
that highlights companies developing unique and innovative technologies on Microsoft
platforms.

For more information about kloudtrack® visit www.kloudtrack.com or for detailed kloudtrack® and
Solution Services pricing information, contact the company directly via telephone at (240) 499-
3842 or via e-mail to sales@kloudtrack.com.

About the Chesapeake Innovation Center
The Chesapeake Innovation Center (CIC), www.cic-tech.org, is America’s first business
accelerator for government, homeland, national, and cyber security initiatives.  The CIC
mission is:

  • To scout technology innovations and solutions (on a national scale) in the areas
    of national, homeland and cyber security that can bridge the newly identified
    capability gaps for our Government, Homeland Security and Intelligence
    Community partners. And
  • To accelerate the growth of small businesses and provide hands-on assistance
    to regional entrepreneurs to guide them towards specific capabilities/solutions
    that match our partner community, thus bringing technology innovations to the
    government market.

CIC has scouted, screened, vetted and presented more than 150 technology companies
from across the nation for the CIC partners.  In addition, CIC has provided assistance
to more than 36 small businesses to date. CIC services include access to potential
customers, partners, government agencies and system integrators, hands-on coaching
and assistance from experts, market strategies, fundraising and other milestone
oriented services to help emerging technology companies succeed in the market place.

read more
OnJanuary 20, 2010, posted in: Press Releases by

kloudtrack® Introduces TrackHealth™ Version of SaaS|Cloud Technology Platform

ANNAPOLIS, MD – December 9, 2009: kloudtrack® today
announced general availability of its kloudtrack® TrackHealth™ technology platform.
TrackHealth is a specialized version of the company’s kloudtrack® SaaS-Cloud
computing workflow, data/document management, compliance and risk mitigation
platform.  kloudtrack® TrackHealth allows patients, practitioners, office managers/staff,
administrators, specialists and other medical stakeholders to more actively share data
and monitor critical decisions and related electronic health records (EHRs) at all stages
of a patient’s care.

With the majority of healthcare practices and institutions striving to keep operating costs
to a minimum these firms naturally rely on third-party vendors or service providers for
such operations as legal, accounting, HR and records management throughout the
life-cycle of patient care.  Being Software-as-a-Service  and Cloud (SaaS|Cloud) based it
does not matter if TrackHealth users are internal staff, third-party service providers or
individual patients.

Access to information is assigned to users at varying “rights” levels which controls
exactly what data users can see and what each user can do with such data. This tiered
user structure also controls which TrackHealth application tools are available to each
individual user as well as the fees associated with accessing the system – keeping costs low.

kloudtrack® TrackHealth was developed to address the Human Side of Compliance® in
the healthcare, medical, insurance, pharmaceutical and related sectors,” stated Michael
P. Binko, president and CEO of kloudtrack®. “This human side is
the cross-roads where individuals interact with sensitive patient data. Our heritage of
handling critical financial data in the heavily-regulated securities, insurance, banking
and deal-flow communities is the foundation upon which TrackHealth was forged.”

As healthcare reform becomes more refined, stakeholders at all levels will need
to be more diligent in addressing regulatory/compliance scrutiny, best-practice
management, data security, risk mitigation and transparency. To that end, the company
formally submitted kloudtrack® for certification by the Certification Commission for
Health Information Technology (CCHIT) and expects to announce certification soon.

“The ability to address federal/state and industry guidelines for quality care and trusted
patient records management are the anchor tenets of TrackHealth and the landscape
that kloudtrack® was built to simplify. Combining these critical needs with the cost-effective
SaaS|Cloud computing delivery model is a win-win for all healthcare communities,”
added Binko.

Patients are also being asked to get more “involved” in their healthcare. This
participation begins with trusted access to, portability of and greater visibility into their
own EHRs and thrives in an environment where communication with their practitioners is
efficiently supported and encouraged – scenarios specifically supported by TrackHealth.

TrackHealth technologies can be deployed very quickly without the typical hard-costs
of new computing equipment, additional IT staff or long-term software maintenance
contracts.  This “low overhead” aspect of the technology makes TrackHealth a definitive
platform for both large and small healthcare organizations.

EHR Your Way™
TrackHealth often works side-by-side with existing practice management technologies
as there is typically little need to completely replace current IT systems. Instead,
practitioners keep suitable assets in place while using TrackHealth and the kloudtrack®

kloudhub™ module to interact with and extend IT capabilities into new areas of
transparency, records access and data/process management. This concept is part of
an initiative kloudtrack® has branded as EHR Your Way™ and emphasizes the ability to tailor
TrackHealth to the way practitioners already operate.

Additionally, the kloudtrack® Solution Services team is available to advise and work closely with
customers to perform IT audits that identify where TrackHealth can supplement existing
systems. Solution Services teams also project manage deployments with customer
teams in order to identify, prioritize and surpass specific return-on-investment (ROI)
goals and objectives.

Beyond simple monitoring of data, users and business rules, TrackHealth incorporates
tools such as document management, e-mail and message archive/surveillance, audit
trails and reporting capabilities that provide critical knowledge to decision makers. Audit
trails are inherent in the system to ensure only authorized users are accessing sensitive
data. This information directly relates to increased team efficiency, improved patient
care and support for Meaningful Use Outcomes.

About kloudtrack®

 kloudtrack®is a technology and solution services company that offers
simple, yet powerful and affordable, hosted Software-as-a-Service and Cloud (SaaS|
Cloud) computing governance, risk management and compliance (GRC) technologies.
 kloudtrack® is one of the first technology and solution providers to address specific international,
federal, state and industry-imposed regulatory compliance standards in SaaS|Cloud
environments across multiple vertical industry sectors. This understanding and
integration of GRC factors truly sets kloudtrack® technologies, solutions and intellectual property
apart in the market.

 kloudtrack®is a Chesapeake Innovation Center (CIC) portfolio-company and was recently
selected by Microsoft® Corporation for its Startup Accelerator Program – an initiative
that highlights companies developing unique and innovative technologies on Microsoft
For more information about kloudtrack® visit www.kloudtrack.com or for detailed kloudtrack® and
Solution Services pricing information, contact Shane Gallagher via telephone at (240) 499-
3832 or via e-mail to jlevine@kloudtrack.com or sales@kloudtrack.com.

About the Chesapeake Innovation Center
The Chesapeake Innovation Center (CIC), www.cic-tech.org, is America’s first business
accelerator for government and homeland/national security initiatives.  The CIC mission is:

  • To scout technology innovations and solutions (on a national scale) in the areas
    of national, homeland and cyber security that can bridge the newly identified
    capability gaps for our Government, Homeland Security and Intelligence
    Community partners. And
  • To accelerate the growth of small businesses and provide hands-on assistance
    to regional entrepreneurs to guide them towards specific capabilities/solutions
    that match our partner community, thus bringing technology innovations to the
    government market.

CIC has scouted, screened, vetted and presented more than 150 technology companies
from across the nation for the CIC partners.  In addition, CIC has provided assistance
to more than 36 small businesses to date. CIC services include access to potential
customers, partners, government agencies and system integrators, hands-on coaching
and assistance from experts, market strategies, fundraising and other milestone
oriented services to help emerging technology companies succeed in the market place.

read more
OnDecember 9, 2009, posted in: Press Releases by

kloudtrack® Selected to Present at SIIA OnDemand

Annapolis, MD (October 26, 2009) – - – Michael Binko, President and CEO ofkloudtrack®, www.kloudtrack.com, will speak this  week at the OnDemand 2009,  the leading  ISV conference concentrating on  Software-as-a-Service (SaaS) and Cloud Computing (SaaS-Cloud) technologies.   kloudtrack® is a resident member company of the Chesapeake Innovation Center (CIC) (www.cic-tech.org) where it is accelerating commercialization of its SaaS-Cloud technology.

 kloudtrack® was chosen as one of only 12 companies out of more than 80 applicants to present because of the company’s potential to meet the needs of clients in heavily-regulated and compliance-centric industries. Binko’s presentation will focus on how the kloudtrack® SaaS-Cloud technology platform addresses the unique challenges of the Human Side of Compliance® for organizations in markets as diverse as financial services, healthcare/medical, government (all levels), pharmaceutical, banking/insurance, franchise management and others.  Binko’s presentation is scheduled for October 29 at 5:15pm during the Venture Capital Company Preview session. 

SIIA OnDemand, produced by the Software & Information Industry Association, takes place October 28-30 at the San Jose (CA) Marriott.  The conference focus is “Driving Revenue in a Recovering Economy” and will feature timely sessions covering social media, healthcare reform, government push to SaaS-Cloud, channel strategies, measuring SaaS-Cloud return on investment (ROI) and other important topics for CxOs and technology executives looking into the benefits of SaaS-Cloud technologies.

More detailed information about the conference is available at:

 

About kloudtrack®

 kloudtrack®is one of the first technology and solution providers to address specific international, federal, state and industry-imposed regulatory compliance standards.  This understanding and integration of compliance and risk management factors truly sets kloudtrack® technologies, solutions and intellectual property apart in the market.  For more information about kloudtrack® or the kloudtrack® ROI Benchmark Case Studies visit www.kloudtrack.com or for detailed kloudtrack® and our Solution Services pricing information contact Jan Levine via telephone at (240) 499-3832 or via e-mail to jlevine@kloudtrack.com or sales@kloudtrack.com.

 

About the Chesapeake Innovation Center

The Chesapeake Innovation Center (www.cic-tech.org) is America’s first business accelerator for government and homeland/national security initiatives. The CIC was created to connect innovation with Homeland Security and Intelligence Community needs.  The CIC mission is

•              To scout technology innovations and solutions for government agencies and government system integrators; and

•              To accelerate the growth of early stage companies and provide hands-on assistance to regional entrepreneurs bringing technology innovations to the government market.

CIC services include access to potential customer and partners, homeland and national security contractors and government agencies, hands-on coaching and assistance on business planning, product planning, market strategies and fundraising; access to CIC advisors, and access to furnished Class A offices in the technology corridor. The CIC has screened, vetted, and presented more than 140 companies for the CIC partners – ARINC, NSA, Boeing, and Northrop Grumman.  Currently, the CIC has 5 resident and 1 affiliate member companies.

read more
OnOctober 26, 2009, posted in: Press Releases by

kloudtrack® Joins Chesapeake Innovation Center (CIC) Tech Venture Accelerator

ANNAPOLIS, MD (June 4, 2009) – - – kloudtrack®, a leader
in Cyber Security and Cloud Computing (Cyber|Cloud) technologies and solutions services,
has joined the Chesapeake Innovation Center (CIC) (www.cic-tech.org) as a resident
member company to accelerate commercialization of its technology. The CIC, located
in Anne Arundel (MD) County, is a business accelerator for early stage technology firms.
The CIC bridges emerging and innovative technologies with government agency needs
at all levels (federal, state, municipal) in areas such as core government operations,
supervisory procedures, homeland and national security.

The company offers itskloudtrack® SaaS-Cloud
technology and related solution services to companies of all sizes for managing a wide
array of regulatory, compliance, risk management and best-practice capabilities.
“The Chesapeake Innovation Center helps accelerate the growth of early stage
technology companies like kloudtrack®,” said Anne Arundel County Executive John R.
Leopold. “I welcome this innovative company to the CIC and to Anne Arundel County.”
 kloudtrack® technologies provide comprehensive workflow automation
including document management, database archiving, business process management,
message tracking/resolution and electronic transaction processing via a multi-module
SaaS-Cloud model.

Combining kloudtrack® application modules (kloudfile, kloudflow, kloudexchange, kloudcapture,
etc.) yields a powerful enterprise data management platform that minimizes IT cost-of-
ownership and maximizes return on investment (ROI).

Being SaaS and Internet-based, it does not matter if kloudtrack® users are internal staff
or third-party employees/consultants. Access to information is assigned to users at
varying levels which controls exactly what information users can see and what each user
can do with such information. This tiered user structure also controls which kloudtrack®
modules are available to each individual user and the costs associated with accessing the system.

“As a leading provider of SaaS-Cloud Computing technologies and solutions for
compliance and risk mitigation, we are at a stage in our company development where
further extending our reach into specific vertical sectors is a primary business objective,”
stated Michael P. Binko, president and CEO of kloudtrack®.  “One
of the most unique differentiators of the Chesapeake Innovation Center is the team’s
concentration on venture building in government, healthcare and related markets.
With our support for transparency, process improvement, auditable workflow and data
management, kloudtrack® and CIC capabilities and areas of focus are truly congruent.”

As a CIC member company, kloudtrack® will receive an array of services that include access
to potential government contractors and military buyers, and assistance with product
commercialization. Sarah Djamshidi, CIC Executive Director, said  “ the kloudtrack® ability to help organizations manage compliance is especially relevant at a time when corporate and government transparency is paramount.” “kloudtrack® is a strong
addition to the CIC portfolio of companies and the Anne Arundel business community.”

About kloudtrack®
 kloudtrack® is one of the first technology and solution providers to
address specific international, federal, state and industry-imposed regulatory compliance standards. This understanding and integration of compliance and risk management factors truly sets kloudtrack® technologies, solutions and intellectual property apart in the
market. For more information about kloudtrack® or the kloudtrack® ROI Benchmark Case Studies
visit www.kloudtrack.com or for detailed kloudtrack® and our Solution Services pricing
information contact Jan Levine via telephone at (240) 499-3832 or via e-mail to
jlevine@kloudtrack.com or sales@kloudtrack.com.

About the Chesapeake Innovation Center
The Chesapeake Innovation Center (www.cic-tech.org) is America’s first business
accelerator for government and homeland/national security initiatives. The CIC was
created to connect innovation with Homeland Security and Intelligence Community
needs. CIC’s mission is

  • To scout technology innovations and solutions for government agencies and
    government system integrators; and
  • To accelerate the growth of early stage companies and provide hands-on
    assistance to regional entrepreneurs bringing technology innovations to the
    government market.

CIC services include access to potential customer and partners, homeland and national
security contractors and government agencies, hands-on coaching and assistance on
business planning, product planning, market strategies and fundraising; access to CIC
advisors, and access to furnished Class A offices in the technology corridor. The CIC
has screened, vetted, and presented more than 140 companies for the CIC partners -
ARINC, NSA, Boeing, and Northrop Grumman. Currently, the CIC has 6 resident and 2
affiliate member companies. Since its inception in 2003, CIC member companies have
raised over $100 million in private capital and generated over $300 million in contracts.

read more
OnJune 4, 2009, posted in: Press Releases by

Brevard County (FL) Clerk Selects kloudtrack® for SaaS|Cloud-Based Backup, Archival, Records Management and Transparent Workflow

WASHINGTON, DC and ANNAPOLIS, MD – April 5, 2009: kloudtrack® today announced that the company’s kloudtrack® SaaS|Cloud technology platform has been selected by Brevard County (FL) as an image archival solution in the Clerk of the Court’s Offices. The announcement was made and presented as a case study during the 2010 SaaS/Gov Conference this week in
Washington, DC.

The kloudtrack® technology works closely with Brevard’s existing IT platforms including
IBM® Informix® database software as well as Canon® and Kodak® enterprise imaging
systems. This close integration is being accomplished using the kloudtrack® patent-pending
kloudcapture™, kloudbatch™ and kloudhub™ SaaS|Cloud technology
modules.

“As with most government agencies at all levels (federal, state, local/municipal), over
the past two years our officials asked us to take a serious look at our budgets and
develop technology roadmaps that balanced capability with affordability,” stated Michael Bowen, IS Director for Brevard County Clerk. “A key factor in our selection of kloudtrack® was
their ability to leverage our existing IBM Informix and Canon/Kodak investments while
simultaneously being able to extend our data and business processes in new directions
using audit-driven workflow with secure backup and archival in the cloud,” Bowen added.
Brevard has calculated expected cost savings of more than 50% compared to what it
would cost to bolster existing enterprise internally-managed software/hardware systems
to handle the same capabilities.

As a key part of their IT due diligence, Brevard County Clerk noticed the maturing
of SaaS|Cloud computing options and decided to start evaluating SaaS|Cloud
systems that could be woven into a comprehensive strategy of records automation.
Working closely with their IT team, kloudtrack® and Brevard County worked up a baseline of requirements. The critical
factors involved with their selection included:

  • Total Cost of Ownership
  • Return on Investment
  • Security, Availability and Performance
  • Vendor expertise in Governance, Risk Management and Compliance (GRC)
  • Integration with Existing/Legacy Data Systems (IBM, Oracle, SAP, SharePoint, others)
  • Proven Platform for Disaster Recovery/Business Continuity and eDiscovery
  • Flexibility and Scalability to Grow With the County’s Needs

The growth of SaaS|Cloud in the government sector afforded a broad spectrum of
potential vendors and platforms; however, finding providers with a proven track-record in
handling sensitive data winnowed the field to a handful.

kloudtrack® quickly emerged as the front-runner given their extensive experience handling
critical information in the Financial Services, Healthcare/Medical and Government
sectors and their focus on the Human Side of Compliance™.  kloudtrack’s focus on GRC from
the human side is unique and powerful. With our IT roadmap concentrating on making
our records management staff more productive and accountable, the kloudtrack® approach
made the most sense,” added Bowen.

kloudtrack® allows internal county staff, administrators, specialists as well as outside
parties (attorneys, county residence and other stakeholders) to more actively monitor
electronic court records at all stages of the judicial process while providing disaster
recovery and anywhere access. “A significant consideration,” as Bowen recalls the
lost days experienced when a hurricane came through taking the court system down.
Access to information is assigned to users at varying “rights” levels which controls
exactly what data users can see and what each user can do with such data. This tiered
user structure also controls which kloudtrack® application tools are available to each
individual user as well as the fees associated with accessing the system – keeping costs low.

kloudtrack® technologies thrive at the cross-roads where individuals interact with sensitive
data. Our heritage of handling critical in heavily-regulated communities is the foundation
upon which kloudtrack® and its application modules were forged,” stated Michael P. Binko,
president and CEO of kloudtrack®. “The ability to address federal/state
and local government guidelines for trusted records management are the anchor tenets
of the landscape that kloudtrack® was built to simplify. Combining these critical needs with the
cost-effective SaaS|Cloud computing delivery model is a win-win for all government and
citizen communities,” added Binko.

kloudtrack®technologies can be deployed very quickly without the typical hard-costs
of new computing equipment, additional IT staff or long-term software maintenance
contracts. This “low overhead” aspect of the technology makes kloudtrack® a definitive
platform for both large and small government organizations.

About kloudtrack®

kloudtrack® s a technology and solution services company that offers
simple, yet powerful and affordable, hosted Software-as-a-Service and Cloud (SaaS|
Cloud) computing governance, risk management and compliance (GRC) technologies.
 kloudtrack®is one of the first technology and solution providers to address specific international,
federal, state and industry-imposed regulatory compliance standards in SaaS|Cloud
environments across multiple vertical industry sectors. This understanding and
integration of GRC factors truly sets kloudtrack® technologies, solutions and intellectual property
apart in the market.

 kloudtrack® is a Chesapeake Innovation Center (CIC) portfolio-company and was recently
selected by Microsoft® Corporation for its Startup Accelerator Program – an initiative
that highlights companies developing unique and innovative technologies on Microsoft
platforms.

For more information about kloudtrack® visit www.kloudtrack.com or for detailed kloudtrack® and our
Solution Services pricing information, contact Jan Levine via telephone at (240) 499-
3832 or via e-mail to jlevine@kloudtrack.com or sales@kloudtrack.com.

read more
OnApril 5, 2009, posted in: Press Releases by

Input Solutions Selects kloudtrack® for SaaS-Cloud Computing Technologies

February 25, 2009 – Input Solutions, Inc. has signed a license agreement to represent the
 kloudtrack® suite of Software-as-a-Service (SaaS)
technologies. Both companies are excited about the relationship and timing of their venture.
President of Input Solutions, John R. Solomon, states that “SaaS-Cloud Computing is a
perfect model in these shaky economic times. Most organizations are watching their capital
expenditures very closely and the pricing model offered by kloudtrack® allows users to pay for only
the services they need. There are no costly annual maintenance fees and user training and
administration is a breeze.” The need for organizations to access their important documents is
greater than ever; kloudtrack® offers the ability to access all types of information from wherever there
is an Internet connection (assuming the user has the proper application rights and authentication
requirements).

Michael Binko, president and CEO of kloudtrack®, talks in terms of a perfect storm. “Cloud computing
technology has matured and the need is greater than ever for systems that allow organizations
to ‘do more with less’ – lower budgets, fewer staff and less resources in general. The ROI of
SaaS-Cloud Computing is undeniable.”

The market for SaaS-cloud computing is considerable and cuts across a wide variety of
industry segments. Associations, government agencies, medical practices, regulatory services,
compliance/risk management and biotech are a few of the targeted application areas for the
newly forged Input Solutions and kloudtrack® team. Telecommuters who need access to data in filing
systems in the office will also benefit greatly from the cloud computing aspect of the kloudtrack®
platform.

Input Solutions has enjoyed a terrific reputation for providing document scanning services over
the last 20 years. Their expertise goes well beyond just scanning. Input frequently provides
the index or metadata needed for database applications and their extensive knowledge of OCR
(Optical Character Recognition) makes many document collections retrievable by full text
searching. “The addition of kloudtrack® to our services allows us to provide the final five percent of
what many of our customers need – the retrieval application and user-managed workflow tools,”
says Lena Katzen, Input Solutions’ CEO. “This is a value added service to our clients and a
distinct competitive advantage. We can’t wait to introduce the kloudtrack® application modules to
our long list of repeat customers.”

About Input Solutions:
Input Solutions, Inc., founded in 1988, is a woman-owned small business conducting scanning
and related value added services. As our name implies, our mission is to help our clients convert
ever growing piles of paper into digital data and to make that data available and manageable
through information technology systems. We identify information access, retrieval and
distribution needs and provide software-as-a-service (SaaS) automated retrieval and workflow
solutions.

About kloudtrack®
 kloudtrack®is a technology and solution services company that offers simple,
yet powerful and affordable, hosted Software-as-a-Service (SaaS) compliance, workflow and risk
mitigation technologies. kloudtrack® was recently selected by Microsoft® Corporation as a portfolio-
company in the Microsoft Startup Accelerator Program – an initiative that highlights companies
developing unique technologies on Microsoft platforms.

kloudtrack® is one of the first technology and solution providers to address specific international,
federal, state and industry-imposed regulatory compliance standards. This understanding and
integration of compliance and risk management factors truly sets kloudtrack® technologies, solutions
and intellectual property apart in the market. For more information about kloudtrack® or the kloudtrack® ROI
Benchmark Case Studies visit www.kloudtrack.com or for detailed kloudtrack® and our Solution
Services pricing information, contact Jan Levine via telephone at (240) 499-3832 or via e-mail
to jlevine@kloudtrack.com

read more
OnFebruary 25, 2009, posted in: Press Releases by

Deal-Flow Toolkit Needs Analysis

Deal-Flow Toolkit Needs Analysis

 

The following FAQs and Topics are useful for determining if kloudtrack® is a suitable deal-flow tracking platform for particular opportunities.  These topics and questions are offered merely as a frame-of-reference exercise.  Many additional elements are also useful for more detailed Needs Analysis and should also be considered.

Data/Archive-Related:

  • Is this for a single deal or is there the potential for multiple deals to be “active” at any given time
  • If multiple, how many deals could be active at any given time
  • How much data is expected to be “in play” for any given deal
    • If paper, what is the likely range of # of pages
    • If digital, how large are the files (MBs/GBs)
    • If both, what is the mix
    • What are the file formats for the data that will be archived
      • Word
      • Excel
      • Adobe Acrobat (.PDF)
      • Images  (TIFF, JPG)
      • CAD/CAM
      • Custom types
      • Others
      • Are documents/data currently archived with a detailed indexing schema
      • What is the current data indexing schema/hierarchy
        • Flat tree
        • Multi-tier structure
        • Will documents and data need to be added over time
        • Will one set group of individuals be tasked with adding documents/data or will there be many “sources” of data
        • What is the current verification process for adding or removing access to documents/data
        • Is “version control” a critical factor – if so, what elements
          • Speed vs. Quality – which is more important
          • How important is the need to audit changes and maintain integrity of archive
          • How important is the need to quickly and easily remove access to old versions of data
          • How is collaboration currently handled
          • What are collaboration goals
          • Are anti-collusion features considered important/necessary

 

Workflow/Business Process-Related:

  • Is it important to track/monitor/audit who is accessing specific data
  • Is there an account manager or administrative resource dedicated to the deal or that can be assigned to the deal (Data Traffic Cop concept)
  • Is there a willingness on the part of deal participants to use a Data Room for this deal – requirement is often part of sophisticated deal-terms
  • How many “named” individuals will likely be allowed to access the information
    • > 10
    • > 50
    • > 100
    • > 1000
    • Will scanned document and full-text image Search and Retrieval be an important element of Archive Access
    • Is it important to track/monitor/audit who is accessing specific data
    • Is there a willingness on the part of deal participants to use a Data Room for this deal – requirement is often part of deal-terms.
    • Is there the potential for legal matters to evolve either during or after the deal
    • Is this the type of deal that could result in litigation
    • Are there other legal elements that are critical to this deal
      • Court Rulings
      • Federal Rules of Civil Procedure
      • Are there compliance or regulatory factors related to this deal
        • SEC
        • Sarbanes-Oxley
        • Gramm-Leach
        • Basel Accord I & II
        • HIPAA
        • USDA/FDA
        • Federal Reserve Board
        • Board of Director factors (committee reviews/votes/approvals)
        • Market-specific (NYSE/NASDAQ/FINRA)
        • other
        • Will the client know all third-parties asking-for and/or requiring access to data archive
        • Will the internal deal-team and/or third-parties be permitted to grant access to the data archive to others
          • Accountants
          • Attorneys
          • Consultants
          • Regulators

 

Compliance/Legal/Risk Mitigation Related:

  • What is the potential for legal matters to evolve either during or after the deal
  • Is this the type of deal that could result-in or result-from litigation
  • Are there other legal elements that are critical to this deal
    • Court Rulings
    • Federal Rules of Civil Procedure
    • Appeals processing
    • Are there compliance or regulatory factors related to this deal
      • SEC
      • Sarbanes-Oxley
      • Gramm-Leach
      • Basel Accord I & II
      • HIPAA
      • USDA/FDA
      • Federal Reserve Board
      • Board of Director factors (committee reviews/votes/approvals)
      • Market-specific (NYSE/NASDAQ/FINRA)
      • other
      • Will the client know all third-parties asking for access to data archive
      • Will third parties be permitted to grant access to the data archive to others
        • Accountants
        • Attorneys
        • Consultants
        • Regulators

 

About kloudtrack®

 kloudtrack®is a technology and solution services company that offers simple, yet powerful and affordable, hosted Software-as-a-Service (SaaS) compliance, workflow and risk mitigation technologies.  kloudtrack® was recently selected by Microsoft® Corporation as a portfolio-company in the Microsoft Startup Accelerator Program – an initiative that highlights companies developing unique technologies on Microsoft platforms. 

For more information about kloudtrack® or the kloudtrack® ROI Benchmark Case Studies visit www.kloudtrack.com or for detailed kloudtrack® and our Solution Services pricing information, contact Michael Binko or Jan Levine via telephone at (240) 499-3830  and (240) 499-3832, respectively, or via e-mail to mbinko@kloudtrack.com jlevine@kloudtrack.com or sales@kloudtrack.com.

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OnJanuary 5, 2009, posted in: Recent Articles by

Lords International Selects kloudtrack® for SaaS-Based Document Management, Workflow and Compliance

PITTSBURGH, PA and ROCKVILLE, MD – November 3, 2008 – Lord’s International, a leading
Kodak imaging technology distributor, and kloudtrack®, a leader in
Software-as-a-Service (SaaS) document management, compliance and workflow technologies,
today announced a teaming relationship whereby Lord’s International imaging systems and
expertise will be integrated-with and marketed jointly with the kloudtrack® SaaS technology
platform.

Under the terms of the non-exclusive relationship, Lord’s will offer fully integrated kloudtrack®
enterprise data management systems in a wide variety of market sectors. These sectors
include, but are not limited to:

  • Financial Services (securities, banking/insurance, deal-flow communities)
  • Healthcare/Medical
  • Pharmaceutical
  • Travel/Leisure
  • Government
  • Education
  • Property Management
  • Franchising

kloudtrack® is one of the more established leaders in SaaS technologies and solutions and has
cultivated specific expertise in international, federal, state and industry-imposed governance,
risk and compliance (GRC) standards,” said Pat Trello, president of Lord’s International. “After
an extensive research, due diligence process and vendor evaluation, we realized that kloudtrack®
has truly captured a unique combination of affordability and return on investment in the critical
areas of growth management and risk mitigation. As such, kloudtrack® was the natural choice for us
and will be key element of our efforts to bring better solutions to our existing customers as well
as opening new doors and lines of revenue for the company.”

Beyond simple archiving and monitoring of data, users and business rules, the kloudtrack® platform integrates several application “modules” that have typically only been available
individually from SaaS vendors. These modules include:

  • TrackFile – document imaging and enterprise data management (archive/search/
  • retrieve)
  • TrackFlow –workflow/BPM, compliance, e-discovery, GRC best practices
  • TrackMail – electronic messaging surveillance, archiving and violation resolution
  • Track Cash – electronic check/transaction processing combined with TrackFile
  • TrackBatch – “lingua franca” – methodologies, IP and technologies for data extraction
  • and legacy system integration

Joint Lord’s-kloudtrack® efforts will concentrate on enterprise data management strategies and
scalable growth with a bottom-line focus. Whether clients are high-growth banks, municipal
governments or healthcare/medical service providers, Lord’s and kloudtrack® present the ideal match
of professional services and technology expertise.

“Lord’s represents the epitome of a market driver,” stated Michael P. Binko, CEO and president
of kloudtrack®. “Combining deep knowledge about various industry sectors
with keen attention to customers’ unique needs, Lord’s has become the go-to team in their
chosen industry sectors and more specifically the preferred choice for leading business and
community movers-and-shakers in the Pittsburgh, PA area.”

More detailed information about Lord’s International can be found at www.lord’s-
international.com. In addition, detailed technology specifications as well as compelling ROI
Benchmark Case Studies associated with deployments of KloudTrack are highlighted in white
papers available from kloudtrack®. Just point your Web browser to http://www.kloudtrack.com or contact
a sales representative to find out more.

About Lord’s International
Lord’s International is the preferred distributor of Kodak consumer imaging products to the
travel and leisure industry, and an Authorized Reseller of KODAK Digital Archive Services.
Lord’s International provides document, consumer, and medical imaging products and services
to customers throughout the U.S. Our customers include the National Parks, The Smithsonian
Institute, The National Monument, The Seattle Space Needle, The Alamo, and locally, The
Pittsburgh Steelers, The University of Pittsburgh, Allegheny County Government, The City of
Pittsburgh and many others.

About kloudtrack®
 kloudtrack® is a technology and solution services company that offers simple,
yet powerful and affordable, hosted Software-as-a-Service (SaaS) compliance, workflow
and risk mitigation technologies. kloudtrack® was recently selected by Microsoft® Corporation as a
portfolio-company in the Microsoft Startup Accelerator Program – an initiative that highlights
companies developing unique technologies on Microsoft platforms.

For more information about kloudtrack® or the kloudtrack® ROI Benchmark Case Studies visit
www.kistrack.com or for detailed kloudtrack® and our Solution Services pricing information,
contact Jan Levine via telephone at (240) 499-3832 or via e-mail to phughes@kloudtrack.com
or sales@kloudtrack.com.

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OnNovember 3, 2008, posted in: Press Releases by

kloudtrack® Teams with Kodak for SaaS|Cloud Based Document Management, Workflow and Compliance

ROCKVILLE, M.D. and ROCHESTER, N.Y., Sept. 22, 2008—Kodak’s Document
Imaging business andkloudtrack®, a leader in Software
as a Service (SaaS) technologies, today announce an agreement that will
provide businesses with an comprehensive solution for automating data
management. Marketed jointly, KODAK Scanners and Imaging Systems will be
combined with the kloudtrack® document management, workflow, compliance and
risk mitigation SaaS technology platform.

As a member of Kodak’s Authorized Independent Software Vendor program,
 kloudtrack®will offer fully integrated kloudtrack® Kodak enterprise data management systems
throughout its primary markets. These sectors include, but are not limited to:

  • Financial Services (securities, banking/insurance, deal flow communities)
  • Healthcare/Medical
  • Pharmaceutical
  • Government/Military/Intelligence
  • Education
  • Property Management
  • Franchising

 kloudtrack®is one of the first providers of SaaS technology and solutions to address
specific international, federal, state, and industry imposed Governance, Risk and
Compliance (GRC) standards.

“Our understanding and integration of compliance, regulatory, and risk
management factors for enterprise IT strategies truly set kloudtrack® technologies and
solutions apart in our market sectors,” said Michael P. Binko, President and
CEO of kloudtrack®. “This relationship with Kodak affirms our
leadership position and affords our customers more direct access to the broad
capabilities and expertise of another industry leader.”

Beyond simple archiving and monitoring of data, users and business rules,
the kloudtrack® platform integrates several application “modules” that typically have
only been available individually from SaaS vendors. These modules include:

  • TrackFile – document imaging and enterprise data management (archive/
  • search/retrieve)
  • TrackFlow – workflow/BPM, compliance, e-discovery, GRC best practices
  • TrackMail – electronic messaging surveillance, archiving and violation
  • resolution
  • Track Cash – electronic check/transaction processing combined with
  • TrackFile
  • TrackBatch – “lingua franca” – proprietary methodologies and technologies
  • for data extraction and legacy system integration

Joint kloudtrack® Kodak technologies incorporate support for straight through
processing (STP) initiatives and minimize NIGO (Not in Good Order) challenges
of paper based records management systems. Additionally, sophisticated audit
trails and reporting/analytics capabilities provide critical knowledge to decision
makers.

“SaaS based solutions are becoming a go-to platform for growth minded
enterprises. The ability to start small and scale is an attractive model and
a key reason why companies like kloudtrack® are poised to be very successful in
many industry sectors,” said Kevin Diday, Business Development Manager,
ISV-Eastern Region, Document Imaging, Kodak’s Graphic Communications
Group. “Within the initial weeks of the kloudtrack® Kodak relationship we had already
jointly closed on a deployment in the financial services sector with a growing
broker-dealer office.”

ROI Benchmark Case Studies associated with deployments of kloudtrack®
in deal flow, risk management and compliance situations are highlighted
in white papers available from kloudtrack®. Just point your Web browser to http://
www.kloudtrack.com or contact a sales representative to find out more.

About Kodak
As the world’s foremost imaging innovator, Kodak helps consumers, businesses,
and creative professionals unleash the power of pictures and printing to enrich
their lives.

To learn more, visit http://www.kodak.com/, and our blogs:
1000words.kodak.com, PluggedIn.kodak.com, and GrowYourBiz.kodak.com.
Editor’s Note: Kodak corporate news releases are now offered via RSS feeds.
To subscribe, visit www.kodak.com/go/RSS and look for the RSS symbol. In
addition, Kodak podcasts are viewable at www.kodak.com/go/podcasts. Our
podcasts may be downloaded for viewing on iTunes, Quicktime, or other PC-
based media players. Users may also subscribe to Kodak podcasts via the
iTunes application if already installed on your computer. From the iTunes store,
type “Kodak podcast” in the search field to view all of our podcast offerings.
More information about KODAK Document Imaging Scanners and Services is
available at www.kodak.com/go/docimaging. (Kodak is a trademark of Eastman Kodak Company.) 2008

About kloudtrack®

 kloudtrack®is a technology and solution services company
that offers simple, yet powerful and affordable, hosted Software-as-a-Service
(SaaS) compliance, workflow and risk mitigation technologies. kloudtrack® was recently
selected by Microsoft® Corporation as a portfolio-company in the Microsoft
Startup Accelerator Program – an initiative that highlights companies developing
unique technologies on Microsoft platforms.

For more information about kloudtrack® or the kloudtrack® ROI Benchmark Case Studies visit
www.kistrack.com or for detailed kloudtrack® and our Solution Services pricing
information, contact Jan Levine via telephone at (240) 499-3832 or via e-mail
to jlevine@kloudtrack.com or sales@kloudtrack.com.

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OnSeptember 22, 2008, posted in: Press Releases by

kloudtrack® INTRODUCES DEAL-FLOW TOOLKIT™ VERSION OF kloudtrack® SaaS TECHNOLOGY

Toolkit Offers Teams in Private Equity, Asset Management, Credit/Lending, M&A and Other Deal-centric Markets Ability to More Actively Monitor and Manage Deal-flow

ROCKVILLE, MD – April 22, 2008 – kloudtrack® today announced general availability of its kloudtrack® Deal-Flow Toolkit™ (DFT) technology which was showcased at the ACG InterGrowth Conference in Orlando, FL.

The kloudtrack® Deal-Flow Toolkit is a specialized version of the company’s kloudtrack® SaaS-based workflow, document management, compliance and risk mitigation platform.  The kloudtrack® Deal-Flow Toolkit allows principals, partners, chief compliance officers (CCOs), chief information officers (CIOs) as well as operational and due diligence deal teams to more actively share data and monitor deals at all stages.

“The Deal-Flow Toolkit version of kloudtrack® was developed after we were approached by leading private equity firms that needed more sophisticated, yet cost-effective, technologies that would allow their deal teams to take more direct control of opportunities and partner relationships,” stated Michael P. Binko, president and CEO of kloudtrack®.  “Deal-flow communities thrive in perhaps the most unique and dynamic business sector.  In this fast-paced environment, access to vital information and the timeliness of its exchange with critical deal players typically makes or breaks any deal opportunity.”

Most deal-related businesses keep staff to a minimum while relying on third-party vendors or service providers such as legal, accounting, and strategic advisors throughout deal life-cycles.  Being SaaS and Internet-based, it does not matter if kloudtrack® users are internal staff or third-party employees.  Access to information is assigned to users at varying levels which controls exactly what data users can see and what each user can do with such data.  This tiered user structure also controls which kloudtrack® tools are available to each individual user and the costs associated with accessing the system.

kloudtrack® capabilities can be deployed very quickly without hard-costs of new equipment, additional IT staff or maintenance.  This “low overhead” aspect of the technology makes KloudTrack a definitive platform for both large and small deal-flow enterprises.   

The kloudtrack® Deal-Flow Toolkit is an ideal platform for growth-oriented firms and provides immediate benefits in numerous deal-flow sectors including:

Private Equity
Hedge Funds
Mergers and Acquisitions
Credit Issuers/Portfolio Buyers
Banks/Lenders (consumer, commercial or specialty)
Capital Markets
Asset Management
Broker-Dealers
Development/Capital Improvements Projects
Venture Capital
Franchise Development
Fundraising (associations, non-profits, foundations, PACs, etc.)
 

“The primary ROIs associated with the kloudtrack® Deal-Flow Toolkit include staff productivity, greater deal visibility, support for greater competition in multiple bidder scenarios, streamlined business workflows, anti-collusion tools, and greater support for comprehensive deal due diligence,” added Binko.

Beyond simple monitoring of data, users and business rules, the kloudtrack® Deal-Flow Toolkit incorporates tools such as document management, e-mail and message archive/surveillance, audit trails and reporting capabilities that provide critical knowledge to decision makers.  This information directly relates to increased deal-flow, better deal terms and higher deal margins.

ROI Benchmark Case Studies associated with deployments of KloudTrack in deal-flow, risk management and compliance situations are highlighted in white papers available from KIS.  Just point your Web browser to www.kloudtrack.com/articles  to find out more.

About kloudtrack®

 kloudtrack® is a technology and solution services company that offers simple, yet powerful and affordable, hosted Software-as-a-Service (SaaS) compliance, workflow and risk mitigation technologies.  KIS was recently selected by Microsoft® Corporation as a portfolio-company in the Microsoft Startup Accelerator Program – an initiative that highlights companies developing unique technologies on Microsoft platforms.

kloudtrack® is one of the first technology and solution providers to address specific international, federal, state and industry-imposed regulatory compliance standards.  This understanding and integration of compliance and risk management factors truly sets kloudtrack® technologies, solutions and intellectual property apart in the market.

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OnApril 22, 2008, posted in: Press Releases by