News & Events
Document Sciences Forms Strategic Partnership with SOLCORP
5/1/2003, 7:00AM ET
Will Deliver End to End Policy Production Solution
CARLSBAD, CA (April 30, 2003) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating creation and delivery of enterprise business communications, today announced that they have signed a Cooperative Marketing and Technical agreement with SOLCORP, a leading provider of software solutions to the life insurance and bancassurance industries and a subsidiary of Electronic Data Systems (EDS).
The partnership will enable SOLCORP clients to have access to Document Sciences' universal content processing software, xPression™, through tight integration with the SOLCORP / INGENIUM® system.
"For SOLCORP / INGENIUM customers, the integration with xPression offers a complete end-to-end policy production solution that employs the latest flexible XML and rules based technologies. Customer correspondence, including financial statements, notifications and transition confirmations are easy to design, customize and deliver - resulting in reduced time-to-market and overall maintenance costs," said Tony Viola, Sr. Director, Product Management, SOLCORP.
Under the partnership, SOLCORP, a global organization with a customer base spanning five continents, will enable Document Sciences to extend their distribution channels to reach additional insurers around the world.
"We are pleased to be working with SOLCORP, an organization that mirrors our commitment to quality products and services. The alliance is an important and significant move for Document Sciences - enabling us to better penetrate the insurance industry on a global scale," said Jack McGannon, President and CEO of Document Sciences Corporation.
xPression, an XML/J2EE architected software, provides universal content processing services to an organization's existing enterprise solutions, including administrative systems, content management systems and CRM systems. It integrates with an organization's existing workflows and data repositories, rather than serving as a stand-alone solution. xPression's scalability, ease of use, multi-channel delivery capabilities, seamless support for both batch and transactional correspondence applications, and double-byte support for communications in Asian markets will provide SOLCORP clients with dynamic enterprise delivery of feature-rich content, in both print and electronic format, no matter how high the volume or how fast the required response time.
"In today's volatile and fast-paced environment, customer communication is critical. xPression will allow our customers to deliver content quickly and more efficiently, reducing overall time to market and delivery costs," said Robert Wehrley, Senior Director, Alliances, SOLCORP.
About SOLCORP
SOLCORP, a wholly owned subsidiary of EDS, is an acknowledged leader in providing software solutions and consulting services worldwide for the life insurance and bancassurance industries. Many of the largest life insurance and financial groups have benefited from SOLCORP's advanced systems, such as SOLCORP / INGENIUM, and SOLCORP / ProductXpress, which have been developed in close cooperation with the customers themselves. Customers range across the United States, Canada, the United Kingdom and Europe, South America and Asia Pacific. For more information, visit the company's Internet site at www.solcorp.com.
About EDS
EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world's leading companies and governments in 58 countries. EDS reported revenues of US $21.5 billion in 2001. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn more at www.eds.com.
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 600 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