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Raymond D. Croghan is currently the Managing Partner of Croghan & Associates, LLC, an investment and consulting firm located in Longmont, Colorado. He also serves on the Board of Directors of several software companies. Previously, in 1980, Mr. Croghan joined a small high technology company called Applied Communications, Inc. (ACI) as a systems engineer. In 1988, he assumed the role of President of ACI. During his tenure, ACI grew to become the leading supplier of on-line Electronic Funds Transfer (EFT) software to the world�s largest financial institutions. With over 280 large bank customers in forty-two countries, it held better than 50% of the market share in that segment of the EFT marketplace. In 1991, Mr. Croghan oversaw the purchase of ACI by Tandem Computers. He then started Croghan & Associates, Inc., with the mission to transfer the EFT technology used in financial networks to the health care industry. To accomplish this, Mr. Croghan assembled a balanced team of employees from different backgrounds including banking, healthcare information technology and telecommunications. This diversified team of professionals possessed the collective ability to bring innovative and cost-effective products and services to the health care marketplace. In late 1993, Mr. Croghan facilitated the purchase of Croghan & Associates by BANC ONE CORPORATION, a major financial services company with an extensive EFT network. In 1995, the new company, System One, acquired the Health Care Processing System (HPS) division of DHI Computing Service, Inc., based in Provo, Utah. In late 1996, Mr. Croghan initiated and directed the management-led buyout of System One from BANC ONE CORPORATION. In early 1997, System One merged with Margolis Health Enterprises to form The TriZetto Group, a company which provides outsourced information services for the business of healthcare. The TriZetto Group completed a successful Initial Public Offering in October, 1999. Although he is no longer involved in the daily operations of the company, Mr. Croghan continues to be a significant shareholder of The TriZetto Group. Mr. Croghan received a Bachelors degree in Mathematics in 1972 from Doane College in Crete, Nebraska. He now serves on the Board of Trustees at Doane. | 