NexJ Systems Inc. Acquires Liberate Ideas Inc.

NexJ Systems Inc. Acquires Liberate Ideas Inc.

PR Newswire

NexJ adds point-of-care education to Connected Wellness, an innovative
platform for patient activation

TORONTO, April 24, 2014 /PRNewswire/ – NexJ Systems Inc. (TSX: NXJ), a provider of cloud-based software delivering
enterprise solutions to the financial services, insurance,
and healthcare industries, today announced the acquisition of Liberate
Ideas Inc., developer of Liberate Health, a revolutionary point-of-care
patient education solution.

Liberate Health is used by healthcare professionals (HCPs) to
effectively and efficiently educate patients at the point-of-care. HCPs
choose from an expanding portfolio of infographic teaching
presentations designed to make condition and/or treatment conversations
highly engaging, memorable, and actionable. Content is current,
developed in collaboration with key opinion leaders, and peer reviewed.

During an office visit, the HCP uses a tablet to deliver the
presentation, captures audio of the discussion if desired, and may add
notes, images, photos, and/or test results. The outcome is a
personalized Patient Visit Record (PVR), delivered as a video and made
available to the patient on NexJ Connected Wellness. The PVR is
shareable by the patient with his or her circle of care, including the
patient’s other healthcare professionals, family, friends, and
advocates. The voiceover capture makes it ideal for multilingual and
low literacy patient cohorts across global markets.

Liberate adds point-of-care patient education to the NexJ Connected
Wellness platform which already includes patient-friendly shared care
plans and personal health coaching. Together these applications will
deliver a medication adherence solution that improves clinical outcomes
and directly addresses the pharmaceutical industry’s strategic
initiatives of “beyond the pill” and patient-centricity. The loss of revenue globally due to medication
non-adherence is estimated to be in excess of $500 billion annually.

“Liberate re-invents the point-of-care experience by providing
healthcare professionals with well-crafted, flexible teaching tools
that increase the patient’s understanding and retention of the critical
information they need to start on their self-management journey,” said
Dr. John Reeves, Liberate Founder. “NexJ Connected Wellness is the
logical next step because it adds to the post-visit education we
provide by giving patients the support they need to recognize their new
normal, engage in their treatment and get on with their lives.”

“The acquisition of Liberate adds to our vision for NexJ Connected
Wellness,” said William M. Tatham, CEO of NexJ Systems. “We believe
that patient activation, helping people understand their health
conditions and engaging them in managing their health and wellness, is
fundamental to the on-going transformation of the healthcare system
based on the principles of people-centered health.”

In 2013, Liberate established a unique collaboration with Rogers
Healthcare Group in Canada, a leading medical publisher, whereby Rogers
provides Liberate with sales, marketing and communications support.
Together, Rogers and Liberate offer a complete point-of-care “closed
loop” relationship between HCPs, patients and pharmaceutical industry
sponsors.

“Rogers is committed to assisting our network of more than 100,000
healthcare professionals manage their patient engagement, and the
Liberate app is the perfect example of that,” said Janet Smith, Rogers
Healthcare Group Executive Publisher. “We are excited to be driving
awareness and adoption of Liberate as we believe educating patients
about their condition and informing them about their medication is
fundamental to enable them to manage their wellness.”

Designed to support multiple pharmaceutical industry sponsors, Liberate
aggregates the teaching assets and adherence programs of all sponsors
to create a one-stop resource for HCPs and their patients.

“We are working with Liberate because its platform will make a
difference regarding non-adherence. We make life-changing medicines,
but they can only work if patients take them. To do that, they need to
understand what their diagnosis is, what they need to do to be as
healthy as possible, and what the consequences are if they don’t.
Liberate addresses these issues head-on,” said Veronica Piacek,
Director Digital Marketing, Pfizer Canada.

Liberate is free for HCPs and is available for download from iTunes. For
more information, please view a video showing how a doctor might use Liberate with patients at the
point-of-care.

NexJ has agreed to pay up to $2 million, in a combination of cash and
common shares which includes certain earn-out provisions. On closing,
NexJ paid cash of $0.5 million and issued 237,192 common shares at a
price of $2.11 per common share, which represented the 20 trading day
average closing price of NexJ’s common shares on the TSX for the period
ending on April 21, 2014.

About NexJ Systems Inc.
NexJ is a provider of cloud-based software, delivering enterprise
solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines
industry-specific functionality with information from multiple
applications and data stores to provide comprehensive knowledge of the
individual.

Based in Toronto, NexJ has clients throughout North America and in
Europe. For more information about NexJ, visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.

About Liberate Ideas Inc.
Founded in 2012 by Canadian Dr. John Reeves, Liberate is a game-changing
patient engagement and adherence platform. It was designed to help
healthcare professionals address poor health literacy and non-adherence
by improving their point-of-care teaching skills and arming them with
rich digital resources to set patients up for effective
self-management. In September 2013, Liberate announced its partnership
with Rogers Healthcare Group, which publishes many leading Canadian
healthcare professional publications, as well as the gated websites
CanadianHealthcareNetwork.ca and ProfessionSant .ca. The Liberate app
has been available on iTunes since January 31, 2014. Liberate is
headquartered in Toronto, Canada.

NexJ Forward-looking Statement
Certain statements in this press release may contain words considered
forward-looking statements or information under applicable securities
laws. These statements are based on NexJ’s current expectations,
estimates, forecasts and projections about the operating environment,
economies and markets in which the company operates. These statements
are subject to important assumptions, risks and uncertainties that are
difficult to predict, and the actual outcome may be materially
different. NexJ’s assumptions, although considered reasonable by the
company at the date of this press release, may prove to be inaccurate
and consequently its actual results could differ materially from the
expectations set out herein. For additional information with respect to
risks and other factors which could occur, see NexJ’s securities
filings with the OSC and other securities regulators. NexJ securities
filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ
disclaims any intention or obligations to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

SOURCE NexJ Systems Inc.

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