Convergence CT Hires Senior Finance
Executive as its Chief Financial Officer and Vice President

Former Hewlett-Packard Executive, Brian J. Donahue joins the Company as its Chief Financial Officer and Vice President

Contact: Susan Chillemi
808-536-3040
888-222-0024
susan_chillemi@convergencect.com

Honolulu, HI, September 26, 2006. Convergence CT, a Honolulu, Hawaii-based healthcare informatics company, today announced that Brian J. Donahue, former Finance executive for Hewlett-Packard (HP), has joined its executive team as Chief Financial Officer and Vice President.

“The addition of Brian Donahue to our management team gives us a critical set of skills to help us pursue and achieve our growth strategy," said Lambert Onuma, Convergence CT’s Chief Executive Officer and President. "Brian’s experience in mergers and acquisitions, fiscal management and investor outreach will help energize our efforts and position Convergence CT for future success. We are very pleased that Brian has accepted the challenge to join the Company as its chief Finance executive. We look forward to adding his capabilities to an already strong executive team.”

Convergence CT is working with leading healthcare organizations in establishing a global Consolidated Data Warehouse through the deployment of its DB*FOCUSTM product suite in hospitals, clinics, and medical groups in the U.S., Japan, and Europe. The Company provides these organizations with analytical and comparative business reports, offering patient health data services to research hospitals, pharmaceutical companies, biotechnology companies, and medical device manufacturers worldwide, to aide in the clinical trials they are conducting.

“I am confident that Convergence CT’s management team has the technology, relationships, and expertise to build a company of substantial value, especially given its highly skilled personnel and business proposition within the high-growth healthcare and life sciences industries,” said Donahue. "I am very excited to join the Company, and believe they have developed a unique business model in conjunction with key clientele and business partners that will enable them to be a formidable force in the healthcare informatics market,” he added.

Mr. Donahue has extensive experience in accounting and finance with large, multi-national corporations. His most recent position was with Hewlett-Packard/Compaq Computer Corporation, managing mergers, acquisitions, divestitures and minority investments for the Technology Services Group. He was also the Strategic Finance Manager in the Office of the Chief Technology Officer/Corporate Research, where he was responsible for all aspects of Compaq’s Research and Advanced Development group in developing research projects into commercially viable business opportunities, business planning and investment grade financial analysis. 

Mr. Donahue has also held a number of accounting positions including Controller of Digital Equipment Corporation’s Network Products Business Unit and Chief Finance Officer of Digital’s Consumer PC Group. Donahue received his MBA and Bachelor’s degree (Accounting) from the University of Massachusetts-Dartmouth.

About Convergence CT

Convergence CT, headquartered in Honolulu, Hawaii, has offices in San Francisco, California, Philadelphia, Pennsylvania, Tokyo, Japan, and Berlin, Germany. Founded in Hawaii in 2001, Convergence CT is a global, medical informatics company with unique technology that provides access to provider-based clinical and financial patient data. The Company then converts this rich clinical data into actionable knowledge through its medical informatics group.

Convergence CT was recently selected as the vendor of choice over some of the largest and most prominent healthcare organizations in the U.S., by the board of directors of both the American Medical Group Association (AMGA), and Anceta LLC, the group chartered with project implementation and a wholly owned subsidiary of AMGA. The Company inked a ten-year agreement with AMGA (see announcement of January 17, 2006) to integrate its 280 Medical Groups into a consolidated health data network.

It is Convergence CT’s vision to build a Global Healthcare Research Network of rich clinical data obtained from medical groups, healthcare plans, hospitals and clinics. This network, along with Convergence CT’s analysis services, facilitates the advancement of patient care, clinical research, and operational decision-making.

Convergence CT’s provider-based, patient-level data, brings a new level of precision to pharmaceutical marketing and clinical research strategies. By providing an evidence-based assessment of treatment practices and patient outcomes across care settings, life science companies get a better understanding of untapped market potential. This information leads to better decisions regarding resource allocation, targeting, positioning, and messaging.