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The TriZetto Group (Newport Beach, CA) has raised $4.5 million in a private financing of Series B preferred stock. The healthcare information company intends to use the funds to expand its outsourcing business and for strategic capital purchases, including equipment and acquisitions.
HLM Management (Boston) led the financing, followed by Delphi Ventures and Fidelity Ventures, which funded a Series A placement that raised $6.5 million for TriZetto less than a year ago. Al Wiegman, research analyst at HLM, said in a statement that "TriZetto’s breadth and depth across a variety of healthare entities, its unique total package solution and its strong management team" make it "the ideal company in which to invest."