2007
EMC Announces Plan To Acquire Document Sciences Corp. Leading Provider of Customer Communications SolutionsHOPKINTON, Mass and CARLSBAD, CA. -- December 27, 2007 -- EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, and Document Sciences Corporation (NASDAQ: DOCX) today announced that they have signed a definitive agreement whereby EMC will acquire publicly-held Document Sciences Corporation in a cash transaction valued at approximately $85,000,000. Document Sciences Corporation is the market's leading provider of document output management (DOM) software that facilitates highly personalized, multi-channel communications to customers, partners and suppliers. The acquisition complements and extends EMC's position in the transactional content management (TCM) marketplace, the fastest-growing segment of enterprise content management.
Storebrand Reports Improved Customer Relationships and Greater Efficiency with Document Sciences' xPressionCARLSBAD, CA (December 20, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced that Storebrand has achieved measurable savings using the award-winning xPression® software suite. The Storebrand Group is a leading player and innovator in the Norwegian finance market, providing financial services for 1.2 million customers. Document Sciences leads the market in providing on-demand customer communications management solutions for personalizing contracts, policies, statements, correspondence and other critical client communications. Following an extensive six-month pilot project, Storebrand implemented xPression across five business units to consolidate the creation of customer communications, improve time-to-market, and reduce costs.
Document Sciences Announces New Contracts Solution For Financial Services MarketCARLSBAD, CA (December 18, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced xPressContracts, a revolutionary new way for financial organizations to initiate, negotiate and manage contracts such as Prime Brokerage Agreements, Margin Agreements, ISDA Master Agreements, CSA's and others, all within a collaborative solution that uses Microsoft® Word as the business user tool. The xPressContracts solution enables financial firms to manage risk by searching new and existing contracts for key metrics such as NAV triggers, Collateral Events, Withdrawal Provisions and any other specific data points or clauses associated with risk.
Document Sciences Announces Record Third Quarter RevenueCARLSBAD, CA (October 30, 2007) -- Document Sciences Corporation (Nasdaq: DOCX -- news), a global leader in providing customer communications management solutions, today reported revenues of $10.6 million for the quarter ended September 30, 2007, an increase of 26% over revenues of $8.4 million for the quarter ended September 30, 2006. Net income for the quarter ended September 30, 2007, was $267,000 compared with net income of $115,000 for the quarter ended September 30, 2006. Net income per share for the quarter ended September 30, 2007, was $0.05 based on 5,255,933 diluted shares outstanding, compared with net income per share of $0.02, based on 5,324,126 diluted shares outstanding for the quarter ended September 30, 2006.
Document Sciences Partnership with Volante Technologies Expedites FpML Trade ConfirmationsCARLSBAD, CA (October 2, 2007) -- Document Sciences today announced a partnership with Volante Technologies to automate the production and transmission of trade confirmations over a range of messaging systems. Document Sciences leads the on-demand document management market, empowering clients with solutions for account on-boarding, contract negotiations, customized client collaterals and research solutions. Volante Technologies provides data management solutions for the financial services industry. Its award-winning technology provides the ability to model all aspects of data processing and communicate with diverse applications and financial networks.
Document Sciences Development Center Achieves Highest CMMI Standard CertificationCARLSBAD, CA (September 5, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced that its Beijing development center has achieved CMMI Level 5 certification, the highest level in the quality standard. Capability Maturity Model Integration (CMMI) focuses on improving process quality in software and service development and delivery. Document Sciences leads the market in providing customer communications management solutions for personalizing contracts, policies, statements, correspondence and other critical client communications. Quality is a critical component of customer communications management.
Document Sciences Announces Availability of New Forms Tool for Property & Casualty MarketCARLSBAD, CA (August 23, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced the availability of xPressForms™, an all-encompassing solution for the creation, customization and management of insurance forms. Used in conjunction with xPression® 3, the next generation of Document Sciences' acclaimed xPression software suite, xPressForms speeds the writing of new lines of business, reduces implementation costs and eliminates custom application build-outs and lengthy form conversions. Document Sciences leads the market in providing customer communications management solutions for personalizing contracts, policies, statements, correspondence and other critical client communications.
Document Sciences Announces xPression 3 for Customer Communications ManagementCARLSBAD, CA (August 9, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced the availability of xPression® 3, the next generation of its acclaimed suite of customer communications management solutions. With xPression 3, highly personalized customer communications are designed using Microsoft® Word, Adobe® InDesign®, or Adobe Dreamweaver®. At publish time, these communications can be customized, assembled in batch or real-time using multiple templates and data sources, and delivered via email, Web and/or print. Document Sciences leads the market in providing customer communications management solutions for personalizing contracts, policies, statements, performance reports, correspondence and other critical client communications.
Document Sciences Announces Record Quarterly RevenueCARLSBAD, CA (August 3, 2007) -- Document Sciences Corporation (NASDAQ: DOCX -- news), a global leader in providing customer communications management solutions, today reported revenues of $11.2 million for the quarter ended June 30, 2007, a record for the company and an increase of 32% over revenues of $8.5 million for the quarter ended June 30, 2006. Net income for the quarter ended June 30, 2007, was $738,000 compared with net income of $144,000 for the quarter ended June 30, 2006. Net income per share for the quarter ended June 30, 2007, was $0.14 based on 5,244,968 diluted shares outstanding, compared with net income per share of $0.03, based on 5,372,663 diluted shares outstanding for the quarter ended June 30, 2006.
Mutual of Omaha and Genworth Financial Recognized by SourceMedia for Technology Innovation Using Document Sciences' xPression CARLSBAD, CA (August 1, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, announced today that two of its customers, Mutual of Omaha and Genworth Financial, have been recognized for technology innovation in the 2007 INNovators program by Insurance Networking News magazine, a SourceMedia publication. Nominees for the 2007 INNovators program included insurance carriers, agencies and brokerages. Their "innovation" was required to have been in production long enough to have returned demonstrable, tangible results.
Document Sciences to Host 2nd Quarter 2007 Earnings Conference Call and WebcastCARLSBAD, CA (July 31, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) a global market leader in providing customer communications management solutions, announced today that its second quarter 2007 earnings conference call and webcast with financial analysts and investors will take place on Friday, August 3, 2007 at 9:30 am PT (12:30 pm ET). Document Sciences will issue over PR Newswire complete financial results before the market opens on August 3, 2007. Presenting from Document Sciences will be Jack McGannon, President and Chief Executive Officer, Todd Schmidt, Chief Financial Officer and Douglas Winter, Chief Operating Officer. The call will be limited to 60 minutes, including questions and answers.
Trustmark Insurance Delivers Real-Time Communications with Document Sciences' xPressionCARLSBAD, CA (July 31, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, announced today that Trustmark Insurance Company, a national provider of group medical plans, voluntary benefits and health plan administration services, has experienced numerous process efficiencies and improved time-to-market using Document Sciences' award-winning xPression® software suite to produce a variety of real-time customer communications, including sales proposals, policy contracts and corporate mailings. Using xPression, Trustmark Insurance has enabled business units to take more control over policyholder communications, improving document quality and freeing expensive IT resources to develop new applications.
Kingsway Financial Services Provides Real-Time Agent Communications With Document Sciences' xPression CARLSBAD, CA (June 26, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, announced today that Kingsway Financial Services, a North American leader in providing non-standard, auto, trucking, taxi, and motorcycle insurance, is using Document Sciences' award-winning xPression® software suite to streamline forms generation and automate the production of personalized documents in real-time. Kingsway Financial Services has standardized its sales portal forms production on xPression and estimates that more than three million documents will be produced annually for its personal lines of business.
Document Sciences Corporation Announces Final Results Of Its Modified "Dutch Auction" Tender OfferCARLSBAD, CA (June 21, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced the final results of its modified "Dutch auction" tender offer, which expired at 5:00 p.m., New York City time, on June 15, 2007.
Document Sciences Named Insurance Leader by Celent for Fourth Consecutive YearCARLSBAD, 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 Announces Partnership with euroscriptLONDON, UK (June 4th, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, today announced a partnership agreement with euroscript International, a leader in providing customers with innovative solutions in content lifecycle management.
Arrowhead General Insurance Agency Reports Improved Time-To-Market and Higher Document Quality Using Document Sciences' xPressionCARLSBAD, CA (June 4, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, announced today that Arrowhead General Insurance Agency, one of the largest privately held general agencies in the US, has experienced faster time-to-market of new products by as much as 50% since implementing Document Sciences' award-winning xPression® software suite. xPression empowers organizations to produce highly personalized 1:1 customer communications for clients and agents for delivery via multiple distribution channels including print, email, and the Web. Arrowhead General reports that it has improved document quality, overall presentation and time-to-market since integrating xPression into its organization.
Document Sciences Launches New Certified Partner Program for xPressionCARLSBAD, CA (May 22, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global leader in providing customer communications management solutions, today announced the launch of a new Certified Partner Program for its xPression® product suite. At the same time, Document Sciences also announced that enherent Corp., an information technology consulting services and solutions provider, has become the first services partner to qualify for this new initiative.
Document Sciences Announces First Quarter ResultsCARLSBAD, CA -- May 15, 2007 -- Document Sciences Corporation (NASDAQ: DOCX -- news) today reported revenues of $8.2 million for the quarter ended March 31, 2007, a record first quarter for the company and an increase of 5% from revenues of $7.8 million for the quarter ended March 31, 2006. Net loss for the quarter ended March 31, 2007 was $1,537,000 compared with a net loss of $459,000 for the quarter ended March 31, 2006. Net loss per share for the quarter ended March 31, 2007 was $0.35 based on 4,341,284 shares outstanding, compared with a net loss per share of $0.11, based on 4,219,544 shares outstanding for the quarter ended March 31, 2006.
Document Sciences Corporation Announces Plans to Commence Modified Dutch Auction Tender Offer to Purchase up to 850,000 Shares of Common StockCARLSBAD, CA (May 15, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) today announced plans to commence on Thursday, May 17, 2007 a modified "Dutch auction" tender offer to purchase up to 850,000 shares of its common stock at a price per share not greater than $6.50 nor less than $6.00, with a maximum aggregate purchase price of $5,525,000. The tender offer is currently scheduled to expire at 5:00 p.m. New York City time on Friday, June 15, 2007, unless it is extended.
Document Sciences Announces Opening of Office in Sydney, Australia CARLSBAD, CA (April 26, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global leader in providing customer communications management solutions, today announced the opening of a regional office in the center of Sydney's technology district. The new office will sell and support Document Sciences' award-winning customer communications management solutions to organizations in Australia and New Zealand. Document Sciences has long been a major player in the Asia-Pacific region with a large number of high profile global financial services organizations using its customer communications management solutions to produce personalized contracts, policies, statements, and correspondence.
Integrated Trade Processing Partners with Document SciencesCARLSBAD, CA (April 19, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, today announced a partnership agreement with Integrated Trade Processing Corporation (ITP), a leading provider of integrated, customizable trading technology software and services for banks, investment managers, and securities firms. The agreement enables both organizations to expand their presence throughout the U.S. financial services market by providing an integrated solution to reduce risks and transaction processing costs, ensure compliant content within confirmation documents, and automate manual processes related to Over-The-Counter (OTC) derivatives trade processing.
Document Sciences Introduces xPresso for Word 2007 at ON DEMANDCARLSBAD, Calif. (April 18, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global leader in customer communications management solutions, today introduced xPresso™ for Word 2007 during the ON DEMAND Conference & Expo in Boston. Leveraging the new features of Microsoft® Office Word 2007, xPresso for Word 2007 enables document designers to easily transform existing static Word documents into highly personalized, dynamic customer communications right from the desktop. Part of the award-winning xPression® customer communications product suite, xPresso for Word 2007 is ideally suited for designing customized contracts, proposals, prospectuses, notices, and other common Word-based document types.
Document Sciences Launches xPresso for Dreamweaver at ON DEMANDCARLSBAD, CA. (April 17, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global leader in customer communications management solutions, today announced the release of xPresso™ for Dreamweaver®, an interactive eMarketing tool that enables organizations to efficiently communicate with their customers, maximize response rates, and improve the customer experience. Marketing professionals, customer service teams, print service providers and other marketing-driven business users can use xPresso for Dreamweaver to create graphically rich, highly personalized email communications and customized Web landing pages.
Document Sciences Announces Annual ResultsCARLSBAD, CA (March 16, 2007) -- Document Sciences Corporation (NASDAQ: DOCX -- news) today reported revenues of $33.4 million for the year ended December 31, 2006, a record for the company and an increase of 13% from revenues of $29.6 million for the year ended December 31, 2005. Net loss for the year ended December 31, 2006, was $1,478,644 compared with net income of $19,255 for the year ended December 31, 2005. Net loss per share for the year ended December 31, 2006, was $0.35 based on 4,264,482 diluted shares outstanding, compared with net income per share of $0.00, based on 5,333,868 diluted shares outstanding for the year ended December 31, 2005.
Document Sciences to Host 4th Quarter and Year End 2006 EarningsCARLSBAD, CA (March 12, 2007) -- Document Sciences Corporation (NASDAQ: DOCX) a global market leader in providing customer communications management solutions, announced today that its fourth quarter and 2006 year end earnings conference call with financial analysts and investors will take place on Friday, March 16, 2007 at 9:00 am PT (12:00 pm ET). The audio will be simultaneously webcast over the Internet.
Document Sciences Announces Acquisition of CambridgeDocs CARLSBAD, CA (February 2, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, announced today it has completed the acquisition of CambridgeDocs (www.cambridgedocs.com), a leading provider of document transformation and repurposing technology. Jack McGannon, President and CEO of Document Sciences, states that, "this acquisition represents a natural extension to Document Sciences' customer communications management platform and adds several new components to the xPression® product suite."
Document Sciences' xPression Enables Genworth Financial and Mutual of Omaha to Achieve Recognition as Industry LeadersCARLSBAD, CA (January 17, 2007) -- Document Sciences Corporation (NASDAQ: DOCX), a global market leader in providing customer communications management solutions, announced today that two of its clients, Mutual of Omaha and Genworth Financial, have been recognized by Celent, LLC, a leading research and advisory firm focused on insurance technology strategy, as "Model Carrier Components" within its new report, Celent Model Carrier 2007: Case Studies in Effective Use of Technology in Insurance. In the report, Celent defines "Model Carrier Components" as examples of initiatives and practices that help insurers improve performance, meet market demands, and operate efficiently.