News & Events
WorldGroup to Incorporate Document Sciences' xPression® into InsureWorx Solution
1/14/2004, 7:00AM ET
CARLSBAD and EMERYVILLE, CA (January 14, 2004) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating creation and delivery of enterprise business communications and WorldGroup, a components-based insurance software provider, today announced a reseller agreement, enabling WorldGroup to incorporate Document Sciences' xPression content processing services as part of WorldGroup's InsureWorx component library.
InsureWorx is the insurance industry's first and most comprehensive J2EE/WebSphere Application Server (WAS) software application: the preferred technology choice for mid- and large-size commercial and group carriers. xPression, an award-winning universal content processing architecture, is also a J2EE/WAS software application, designed for tight integration with existing systems, data and workflows. The addition of xPression's content processing to the InsureWorx product suite will allow insurers to radically streamline creation and delivery of policies, claims correspondence and other regulated communications through web, print, email, and other channels.
"Improving the accuracy and efficiency of the customer communications workflow represents one of the greatest, yet often overlooked ROI opportunities for many insurers," said Gary Sherne, CEO and President of WorldGroup. "xPression's component-based WAS architecture and use of XML for data interchange meshes nicely with our vision for InsureWorx, providing insurers with an end-to-end solution that allows them to implement only the capabilities they need, and add new functionality as their needs expand."
"WorldGroup's componentized approach to underwriting, policy and claims administration through InsureWorx provides an impressive breadth of functionality and flexibility," said Jack McGannon, President and CEO of Document Sciences. "We are pleased that this industry leader has chosen to incorporate xPression as InsureWorx's customer communications 'engine'."
About WorldGroup
WorldGroup, located in the San Francisco Bay Area, (Emeryville) California, is a leading provider of component software solutions to Commercial Property/Casualty and Group Life/Health insurance companies. InsureWorx is a proven library of application components offering insurance companies the best value in transforming the business and technical inefficiencies of their Legacy systems environments. From this ever-expanding library WorldGroup assembles sophisticated, high-impact insurance solutions tailored specifically to a company’s unique underwriting, policy, billing and claims administration processes. For additional information on WorldGroup, please visit the website at www.wgcusa.com, call us at 800.785.4526.
About Document Sciences
Document Sciences Corporation delivers real-time, interactive content processing services that content-driven organizations depend on to realize productivity benefits, cut costs, and increase competitiveness. Approximately 650 customers worldwide use Document Sciences products in insurance, banking and financial services, managed-care, telecommunications, utilities and commercial print service bureaus. Customers include more than 60 Fortune 500 companies. Based in Carlsbad, Calif., with regional locations across the U.S. and a European subsidiary in Paris, Document Sciences also markets its products in Australia, Canada, New Zealand, Brazil, Mexico and China. For more information about Document Sciences Corp., visit www.docscience.com.
This press release contains certain forward-looking statements. Words such as "plan," "will," "anticipate," "intend," "increasing," "pursue," "provide," "begin," "should," "would," "focus," "believe," "expect," "continue," and "plan," or the negative thereof or variations thereon and similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on our current plans or assessments that are believed to be reasonable as of the date of this press release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecast, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (i) changes in our stock price; (ii) changes in our operating results; (iii) the market for document automation software; (iv) continued expansion of our professional services; (v) market acceptance of our existing products and introduction of new products and enhancements to existing products; (vi) maintaining our relationships with Xerox; and/or (vii) changes in general economic and business conditions. Actual events or results may differ materially from those discussed, contemplated, forecasted, estimated, anticipated, planned or implied in the forward-looking statements as a result of the various factors described above and those further set forth under the heading "Risk Factors" in our Form 10-K for its fiscal year ended December 31, 2001