TriZetto Names New CEO, Moves HQ

Newport Beach The TriZetto Group, a provider of software to the healthcare market, announced today that it has named Trace Devanny as its new CEO and to its board. As part of the appointment, the firm also said it has relocated its corporate headquarters to Greenwood Village, Colorado, where Devanny is located. Devanny was most recently President of Cerner Corporation, and also had served at ADAC Health Care Information Systems and IBM. Current CEO and founder Jeff Margolis becomes Chairman of the firm. No details of how the headquarters move will affect TriZetto's Southern California operations were released. TriZetto was taken private by private equity firm Apax Group back in 2008.