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Bruce E. Hansen Elected To Performant Financial Corporation Board Of Directors

LIVERMORE, Calif., April 11, 2013 (GLOBE NEWSWIRE) -- Performant Financial Corp. (Nasdaq:PFMT) today announced that Bruce E. Hansen has been elected to serve on its Board of Directors effective April 11, 2013.

Mr. Hansen was the Co-Founder, Chairman, and CEO of ID Analytics, Inc., an information and analytics company with applications across multiple industries, until his recent retirement. Prior to founding ID Analytics, Mr. Hansen was President of HNC Software Inc., a leading provider of high-end analytic and decision management software solutions for global companies in the financial services, insurance, telecommunications and healthcare industries and for government agencies.

"Bruce's experience and expertise places him as a leader and true visionary in innovative analytics across key industries of healthcare, financial, and information services," said Lisa Im, CEO of Performant. "We're excited to have him join our board and look forward to tapping his expertise as we continue to drive value to our clients across industry verticals through data analytic- based enterprise integrity solutions."

Mr. Hansen's areas of expertise include consumer behavior analytics, healthcare analytics, informatics, advanced big-data analytics and technology. Recognized for his leadership in the industry, Mr. Hansen was also one of E&Y's four National Finalists for U.S. Entrepreneur of the Year in 2007. Mr. Hansen commented, "I'm excited to join the Performant board. It's a great company with significant growth opportunities in healthcare and government services. I believe my background in healthcare technology and database development will allow me to contribute to Performant's vision for its future."

Mr. Hansen received his B.A. in Economics from Harvard University and an MBA in Finance from the University of Chicago's Booth School of Business.

The company also announced that William Kessinger, Chief Investment Officer of Parthenon Capital, has resigned from Performant's Board of Directors, a position he has held since January 2004.

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