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July 07, 2015 6:29 PM ET

Software

Company Overview of Revitas Inc.

Company Overview

Revitas Inc. provides integrated solutions for contract, pricing, and compliance management. It offers revenue management solutions, including Revitas Pricing Dynamics to define, manage, and execute contract pricing terms and incentive pricing scenarios; Revitas CARS to design and implement pricing strategies; Revitas Validata for managed care rebate claims validation; and Revitas Advanced Membership to streamline the critical processes associated with contractual membership. The company also provides Contract Management, a standardized structure and process for contract management; and Revitas Royalty Management to provide controls and leverages over the IP licensing and royalty management ...

1735 Market Street

37th Floor

Philadelphia, PA 19103

United States

Founded in 1989

166 Employees

Phone:

215-344-1900

Fax:

215-344-1919

Key Executives for Revitas Inc.

Chief Executive Officer and President
Age: 59
Chief Financial Officer and Senior Vice President
Age: 39
Chief Technology Officer and Senior Vice President of Products & Technology
Vice President, Secretary and General Counsel
Age: 50
Senior Vice President of Global Markets
Age: 51
Compensation as of Fiscal Year 2015.

Revitas Inc. Key Developments

Revitas, Inc to Provide Global Revenue Management for the Generics and Specialty Pharmaceutical Company

Revitas Inc. announced that it has been selected by one of the large generics and specialty pharmaceutical companies in the world to deliver an end-to-end revenue management solution and standardize the organizations worldwide operations onto a single integrated technology platform. The company has selected the combined team of Alliance Life Sciences and KPMG LLP to assist with its systems integration, business analysis, and design advisory service needs, and to support the global implementation of the Revitas platform. The company will upgrade to the Revitas® Flex® platform [4] and implement the Revitas revenue manager, suite, including Revitas Validata, Contract Manager, Government Pricing, Medicaid Rebates, and Analytics applications. The implementation supports the company's strategic objectives to standardize and automate all technology from a global perspective, optimize revenue across all phases of its product lifecycle, and improve business processes with unified applications that integrate with its SAP® enterprise resource planning (ERP) system. The Revitas revenue management suite delivers breed technology for managing financial accruals, international product launch sequencing, global reference pricing, bid-and-tender management, and gross-to-net financial analysis. Multi-language and currency capabilities allow business units across global regions to collaborate within the system. The Revitas Flex platform offers the pharmaceutical company a robust analytic engine that drives strategic insight into customer, contract, and product performance in order to make more effective contracting decisions and gain greater control over complex partner agreements across global distribution networks. It's ability to unify non-integrated, legacy systems provides data conversion at the detail level, reducing risk and ensuring audit and resubmissions compliance.

Revitas, Inc. Appoints Hemanth Puttaswamy as Chief Technology Officer and Svp of Products and Technology

Revitas Inc. announced the appointment of Hemanth Puttaswamy as Chief Technology Officer and SVP of Products and Technology. Hemanth joins Revitas at a pivotal time, as the company is executing on key initiatives, including increasing focus on its core pharmaceutical clients, entering new markets, and completing its offering of cloud-based solutions. Hemanth joins Revitas from Saba where he served as Chief Technology Officer and SVP Products and Development. In this role, he was responsible for product strategy, design, and engineering for all product lines, and led a global team of engineers and product managers that delivered enterprise solutions for some of the most demanding organizations.

Revitas to Offer Advanced Solution for Gross-to-Net Waterfall Through Expanded Partnership with Breakaway Technologies

Revitas Inc. is extending its partnership with Breakaway Technologies Inc. to offer Breakaway's Managed Markets Gross-to-Net Accelerator as an integral part of the Revitas® solution suite. Under the partnership, global pharmaceutical manufacturers can now work directly with Revitas as a single trusted advisor to deploy an advanced, end-to-end revenue management solution, gaining complete visibility into the gross-to-net waterfall and improving enterprise-wide forecasting, reporting, and revenue management. Breakaway Technologies' Gross-to-Net Accelerator enables pharmaceutical manufacturers to improve pricing and contracting strategies for Managed Markets by analyzing gross-to-net performance. Its integration into the Revitas Flex® platform provides for the seamless exchange of transactions and data with the RevitasRevenue Manager and RevitasFinancial Accruals applications. This agreement is an extension of Revitas's ongoing partnership with Breakaway Technologies. In June 2014, Breakaway Technologies became the first partner to join the Revitas Validated Integration Program, which enables partners to offer advanced solutions that leverage Revitas products and data assets and deliver them on the Revitas Flex Platform.

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