Orbograph Adds Jeffrey Buechler to Senior Management Team

Billerica, MA, February 07, 2013 – Orbograph, a leading supplier of recognition solutions for the U.S. check processing market as well as paper and electronic payment solutions for healthcare revenue cycle management (RCM), announced today that Jeffrey Buechler, Vice President of Finance for Orbograph, will sit on the senior management team for the company.

Buechler has been supporting Orbograph financial reporting since the company’s inception, while formally holding most recently the positions of Vice President of Finance at Photon Dynamics Inc. and Director of Accounting and Taxation for Orbotech Ltd., Buechler will commit full-time to supporting the check processing and healthcare payments lines of business within Orbograph and support business development initiatives.

“Looking ahead to 2013 and beyond, Orbograph’s future is built on both stable revenues in mature markets as well as exciting new products in developing markets like healthcare payments,” stated Buechler. “We have a strong financial position to support the business development initiatives.”

“We are pleased to have Jeffrey join our management team,” stated Barry Cohen, Co-President of Orbograph. “He brings a strong background with our parent company and I look forward to him playing an active role with the company as we move forward.”

“Jeffrey has played a critical role in maximizing the profitability of our organization over the many years he has supported us. He has also helped us implement accounting, finance and auditing procedures in the company such as Sarbanes-Oxley, SAS-70 and a new order entry system. He is well positioned to support new initiatives for Orbograph,” stated Avikam Baltsan, Co-President and Chief Technology Officer (CTO) of Orbograph.

About Orbograph

Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition-centric services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,000 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post™ and Orbograph E2Post™ utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality.

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NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.


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