News & Events
Document Sciences Named Insurance Leader by Celent for Fourth Consecutive Year
6/18/2007, 8:00AM ET
CARLSBAD, CA (June 18, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a proven global leader in providing customer communications management solutions, announced today that it has been named a leading provider of document management solutions to the insurance industry by Celent, LLC for the fourth straight year in the firm's "Insurance Software Deal Trends" reports for 2005-2006. Based upon its deal volume, Document Sciences was cited as a leading provider in both the Life/Health and Property/Casualty editions of the report. In addition, Document Sciences was also cited as a leader in Celent's 'Traction Index', a weighted score that measures the volume and type of deals that software companies made during 2005 and 2006, demonstrating strong market momentum among insurers.
"Document Sciences continues to have a strong presence in the insurance vertical," says Craig Weber, Celent senior analyst and author of the report. "And our research shows that carriers of all sizes are actively seeking out document solutions that help them deliver next-generation service to their clients and agents."
"We are very pleased to again be named by Celent as a leader in the insurance industry," states Liza Smith, Vice President, Document Sciences. "More than 100 organizations worldwide are now using xPression, our latest technology, which validates our decision to reengineer our product offering and further illustrates the market's desire for the most advanced, highly scalable customer communications solution available. We look forward to watching the paradigm shift continue as insurers demand a solution that combines state-of-the-art architecture with real Web Services and out-of-the-box ECM integration capabilities, coupled with the flexibility and robust feature set needed to satisfy the demanding business communications requirements that competitive legacy-based solutions simply can't address."
Leading insurance providers such as Aetna, AIG, Arrowhead General, Assurant, AXA, Blue Cross Blue Shield, Genworth Financial, The Hartford, Health Net, Liberty Mutual, Mutual of Omaha, Prudential and Zurich Insurance use Document Sciences' customer communications management solutions to generate on-demand interactive agent-client communications, reduce document development and distribution costs, increase time-to-market, and improve the overall customer experience.
Celent's Insurance Software Deal Trends report is based on both vendor-provided and publicly available information about insurance-specific applications and infrastructure software sold to insurers in North America during 2005 and 2006. More information about the reports can be found at www.celent.com.
About Celent
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology, and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent's research services cover the following six sectors of financial services: Retail Banking, Wholesale Banking, Retail Securities and Investments, Institutional Securities and Investments, Life/Health Insurance, and Property/Casualty Insurance. For more information about Celent, please visit www.celent.com.
About Document Sciences
Document Sciences is a market-leading global provider of customer communications management solutions. Our award-winning xPression software suite enables organizations to automate the creation and delivery of well-designed, highly personalized communications -- from customized marketing collaterals, contracts and policies to high-volume relationship statements and correspondence. More than 500 content-driven organizations worldwide, including over 60 FORTUNE Global 500 companies, use Document Sciences' solutions to reduce development costs by up to 90%, improve time-to-revenue by as much as 75%, and enhance the overall customer experience with highly effective 1:1 communications. Based in Carlsbad, California, with award-winning offshore services operations in Beijing, China and offices across the U.S. and in London, Document Sciences also markets its products in Europe, Australia, Canada, New Zealand, Latin America, Asia and Africa. For more information about Document Sciences Corporation, call 888.4.DOC.SCI or visit www.docscience.com.
This press release may contain "forward-looking" statements about possible or assumed future results of our financial condition, operations, plans, objectives and performance. You can identify these statements by the fact they use words such as "believe," "expect," "anticipate," "estimate," "project," "intend," "plan" or similar expressions. Many possible events or factors could affect our future financial results and performance. This could cause our results or performance to differ materially from those expressed in these forward-looking statements. Some of these events or factors include the following: (i) national, international, regional and local economic, competitive and regulatory conditions and developments; (ii) the market for dynamic content publishing software; (iii) market acceptance of enhancements to our existing products and introduction of new products; (iv) continued profitability of our professional services; (v) maintaining our relationships with Xerox Corporation and our other distribution partners and/or other risks detailed from time-to-time in our SEC reports, including the report on Form 10-K for the fiscal year ended December 31, 2006. We do not undertake, and specifically disclaim, any obligation to update forward-looking statements.