Shares of the software development corporation Tomato System rose early on the 3rd. This appears to be due to news that its U.S. subsidiary has signed a contract for core insurance system development and has launched the project.
As of 9:07 a.m. on that day, Tomato System shares were trading at 6,530 won, up 10.85% (640 won) from the previous trading day on the KOSDAQ market.
This seems to be the result of news that CyberMDcare, Tomato System's U.S. subsidiary, signed a contract for core insurance system development for the 'Medicare Partners Health Plan Texas,' which is set to launch next year in Harris County, Texas.
According to the company, this contract marks the first case where a Korean IT corporation fully develops a Medicare health plan system that has received official approval from the U.S. federal and state governments. CyberMDcare will be responsible for developing the core insurance system of the Medicare Partners Health Plan through this contract.