News & Events
Principal Financial Group Selects Document Sciences For Policy and Contract Automation
7/27/2001, 7:00AM ET
Enterprise Software Investment Will Enhance Customer Relationships, Lower Policy and Contract Production Costs
DE MOINES, IA and CARLSBAD, CA (July 27, 2001) - The Principal Financial Group®, the nation's 401(k) leader, has selected Document Sciences Corporation's (NASDAQ: DOCX) Autograph™ software to automate production of pension plan policies and contracts. The software purchase will allow The Principal® to standardize on a single set of tools for its enterprise-wide Content Automation, reducing production costs and enhancing time-to-market.
The Principal Financial Group is a leading global financial institution offering businesses, individuals and institutional clients a wide range of financial products and services including retirement and investment services, life and health insurance, and mortgage banking. The Principal Financial Group has more than $113 billion in assets under management and serves more than 13 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Document Sciences is the world's leading developer of Content Automation software which dynamically assembles and delivers personalized content to the Web, print, or email, transactionally or in high volume.
Autograph software purchased by The Principal includes CompuSet®, Document Sciences' hallmark composition engine for high-volume variable data documents; Document Library Services™, the easy-to-use enterprise solution for swift design, development and production of regulatory-compliant variable content; Document Sciences' PDF Emitter, for generating electronic versions of printed documents in Adobe PDF format; and Output Processing, Document Sciences' newest product, which allows users to easily manage document output through splitting, sorting, merging and partitioning of document streams.
"We're very pleased to continue and build upon our long relationship with the Principal Financial Group," said Dan Fregeau, executive vice-president of Document Sciences. " It's very gratifying to know that when The Principal sought a toolkit upon which they could standardize the Content Automation projects across their entire enterprise they considered several packages and chose Document Sciences' Autograph suite."
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, California, 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 Corporation, 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