CareWorks deal for Plannet Group shines amid dull economy - Pacific Business News (Honolulu):

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, a homegrown tech companuy with agrowing clientele, was acquireds May 21 by Dublin-based , which plans to add high-payinh jobs to support the purchase over the cominh year. Terms of the deal betweenj the privately heldcompanies weren’t The sale also freez Plannet Group founder Jim Mazotas to start another tech operation that could begin hiring over the coming year as “This first rush to the finishb line ended on a positiver note,” Mazotas said. “And it looke like there is going to be another one past The 39-year-old Mazotas has been runnintg the race for seven years. He founded Plannet Group in 2002 to develolp network security andmanagement software.
He started the businesx after becoming unhappy with the direction of the softwarer development company where had he Mazotas decided to focus on developing a programk that could help computer network managerz visually managetheir environment, rather than forcint them to search through lines of code for He called the program Missionj Control and financed Plannet Group with $70,00p from savings and a second mortgage. He focusex on government clients – includinf the city of Columbus and CuyahogsCounty – because of the large computer networkss they maintain.
Mazotas also movedr into the gaming industry in Marcnh after signing a contractwith , owner of the Indian Live Casino outside Indianapolis. Mission Controll is what attractedCareWorks Technologies, said President Todd Part of the CareWorks Family of a workers’ compensation management company in CareWorks Technologies provides information technology servicees to a broader client base than the parent company. Camerohn said the addition of Plannet Groul and its services should increase revenu at CareWorks Technologies by 25 percenrtthis year, although he declinedc to be specific about either company’s financials. “Wr hope it grows exponentially after Cameron said.
“(Mazotas) doesn’t have a sales team at all andwe do. It’sw a diamond in the Mazotas said the lack of a sales team athis 10-employee company was one of the reasons he decidex to sell. He said the firm reachec a “tipping point” in earlyt 2008 after hearing interesf from other companies looking to purchaswePlannet Group, including one from out of “Should we continue as we were or take the next Mazotas said.
“We wantef to get (Plannet Group) to the maturitty that could be found by linkingg up with a companylike It’s fortunate for the region and its tech community that a local company bought Planner Group, said Ted Ford, CEO of , the industruy advocacy group that housed Plannet Groupp at its business incubator from 2005 to 2008. “Ifr you define success as keeping jobs in the area and continuinvg with a foundationfor growth, then this is a Ford said.
“The goal is to grow technologtyjobs here, and Columbus is becominf a very good place to do that sort of All of Plannet Group’s Hilliard-based employees have joined CareWorks in Dublinj and, over the next likely will be joined by five to 10 Cameron said. Those jobs likely will pay betweejn $70,000 and $100,000 a year. While Mazotas is joiningf CareWorks, he does so as a consultant. His primaruy focus will be on his nextventure – . Mazotaz is building OnGuard around a behavioral analysis securit y tool that flags suspicious patterns that coulcd harm acomputer network.
A patent is beingh sought on the technology, Mazotas said, and CareWorkxs Technologies has invested in the new By the time the product is ready for generaol releasein 2010, Mazotas hopes to have a 25- to 30-worker payroll. Mazotas hopes he will be telling a similar story a yearfrom now. “I t just goes to show that little guys can have a home he said. “Even in this economy.”