2008
EMC Solidifies Position as De Facto Market Leader in Next-Generation Enterprise Content Management PRAGUE, Czech Republic. -- November 11, 2008 -- EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, today further solidified its position as the de facto market leader in next-generation enterprise content management (ECM) -- launching a wave of new thought leadership and product enhancements at the company's annual customer and partner conference, Momentum Prague 2008.
New Financial Industry Research Demonstrates Importance Of Automated Customer Communications For $400 Trillion In Outstanding OTC Derivatives ContractsHOPKINTON, Mass. -- June 19, 2008 -- Manual, paper-based processes of contract negotiations and confirmations in the $400 trillion over-the-counter (OTC) derivatives market have created a substantial backlog of trade confirmations, according to a new research study by TABB Group, an independent financial markets research and strategic advisory firm. From June to August 2007 alone, the total number of backlogged confirmations---the legal records evidencing derivatives trades---jumped 250 percent, according to the study. The backlog of trade confirmation documents has resulted in poor transparency and left the financial services sector exposed to unnecessary risk. In many cases, according to the report, confirmations were not only unsigned but also uncreated.
EMC Corporation Awarded The Banker Technology 2008 Retail Wealth Management Award11 June 2008, London, UK: EMC Corporation, the world leader in information infrastructure solutions, has been awarded the 2008 Retail Wealth Management Award by The Banker Technology Awards. The award recognizes the implementation of EMC Document Sciences' xPression Customer Communications Management (CCM) solution -- creating a best-in-class consolidated financial statement at Santander Private Banking (SPB), a division of Grupo Santander, the largest bank in the Euro Zone.
New Survey Finds Customer Communications Management Vital To Financial ServicesHOPKINTON, Mass. -- May 7, 2008 -- Financial services firms have a distinct opportunity to increase client loyalty by creating comprehensive customer communications management programs, according to new research by independent analyst firm Aite Group. The new study, sponsored by EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, is presented in the new white paper Managed Customer Correspondence for Financial Services---A Clear Differentiator. The paper stresses the importance of personalized and customized customer communications to maintain and grow relationships in the financial services sector.
Camilion Solutions and EMC Enter Agreement to Accelerate and Simplify Insurer Policy Management Processes for Customers TORONTO, ON and HOPKINTON, MA. - April 17, 2008 EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions and Camilion -- a leading provider of product development solutions and next-generation policy administration systems for insurance -- today announced details of a new joint sales and marketing agreement. The end result will help insurers substantially improve their time-to-market by simplifying underwriting and policy production.
EMC Completes Acquisition of Document SciencesHOPKINTON, Mass and CARLSBAD, CA. -- March 6, 2008 -- EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, today announced it has completed the acquisition of Carlsbad, CA-based Document Sciences Corporation (NASDAQ: DOCX), a leading provider of document output management (DOM) and customer communications management (CCM) software that facilitates highly personalized, multi-channel communications to customers, partners and suppliers. Under terms of the definitive agreement announced on December 27, 2007, EMC acquired Document Sciences in a cash transaction valued at approximately $85,800,000.