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Curam Software

curamsoftware.com

Founded Year

1990

Stage

Acquired | Acquired

About Curam Software

Curam Software is a provider of Social Enterprise Management (SEM) software solutions, delivering applications for social enterprises globally including, health and human services, workforce services, and social security organizations.In December 2011, Curam Software was acquired by IBM. Curam Software's valuation, acquisition price and other terms of the acquisition were not disclosed.

Headquarters Location

13800 Coppermine Road

Herndon, Virginia, 20171,

United States

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Expert Collections containing Curam Software

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Curam Software is included in 1 Expert Collection, including CB Insights IEM Industry Leaders.

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Latest Curam Software News

International Business Machines : IBM to Pay Nearly $15 Million for Issues Tied to Maryland's Health Exchange

Jun 14, 2019

06/13 0 Message : By Patrick Thomas International Business Machines Corp. (IBM) has agreed to pay $14.8 million to settle allegations regarding misrepresentations made about software capabilities and other technical issues that hurt the Maryland online health exchange. Federal prosecutors said Friday that IBM and its unit, Curam Software Ltd., provided software and services as a subcontractor on a project to develop the Maryland Health Benefit Exchange, a platform built to help individuals and small businesses shop for medical insurance. In 2014 the state of Maryland cited problems with software from Curam, an Irish company that IBM acquired in 2011, used to determine consumers' eligibility for Medicaid and premium tax credits for private insurance. Some consumers' applications for coverage were lost or suspended in Curam's system, said Joshua Sharfstein, Maryland's secretary of health and mental hygiene back in 2014. The settlement resolves misrepresentations allegedly made by during the bidding process regarding the development status of Curam's software, and its ability to meet the state's technical requirements, such as addressing life events and calculating tax credits, the Justice Department said Friday. Prosecutors said repeated problems followed the launch of the exchange website in October 2013. IBM couldn't be immediately reached for comment. The Justice Department said the settlement was reached without a determination of liability. The primary contractor hired to build the health exchange website, Fargo, N.D.-based Noridian Healthcare Solutions LLC, settled with the state for about $45 million for its role in the botched rollout. Write to Patrick Thomas at patrick.thomas@wsj.com 0

Curam Software Frequently Asked Questions (FAQ)

  • When was Curam Software founded?

    Curam Software was founded in 1990.

  • Where is Curam Software's headquarters?

    Curam Software's headquarters is located at 13800 Coppermine Road, Herndon.

  • What is Curam Software's latest funding round?

    Curam Software's latest funding round is Acquired.

  • Who are the investors of Curam Software?

    Investors of Curam Software include IBM and Fidelity Ventures.

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