News & Events
Document Sciences and CCH INSURANCE SERVICES Form Strategic Partnership
5/19/2003, 7:00AM ET
Partnership Provides Optional Pre-Configured Forms Library to Customers
CARLSBAD, CA and RIVERWOODS, IL (May 19, 2003) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating creation and delivery of enterprise business communications, and CCH INSURANCE SERVICES, a division of CCH INCORPORATED, and a leading provider of regulatory forms and legal databases for the insurance industry, today announced a strategic partnership.
Under the terms of the agreement, CCH INSURANCE SERVICES will provide an electronic forms library service compatible with xPression™, Document Sciences' universal content processing suite for the enterprise. The electronic forms library service will lower customer production costs, speed project completion time, and reduce customer exposure from use of outdated or non-compliant forms.
"Today's insurance carriers are faced with ever-increasing regulatory requirements that slow time to market and increase costs," said Jack McGannon, President and CEO of Document Sciences. "By providing optional integrated, pre-populated forms through our partnership with CCH INSURANCE SERVICES, we can help insurers meet labor intensive forms requirements quickly and accurately."
"We are pleased to provide this offering to Document Sciences' customers," said Tony Boschetto, Chief Operations Officer, CCH INSURANCE SERVICES. "Our forms solution is a crucial piece for insurers that combines with xPression to provide users a complete system that can be quickly implemented."
About CCH INSURANCE SERVICES
CCH INSURANCE SERVICES was formed by the April 2003 merger of Uniform Information Services, Inc. and NILS Publishing. Together, Uniform and NILS bring more than 140 years of compliance related expertise to the insurance industry. CCH INSURANCE SERVICES is part of CCH INCORPORATED, and is the insurance industry's leading provider of compliance tools, research, analysis and forms. To learn more about CCH INSURANCE SERVICES, visit the company's web site at www.insurance.cch.com or call 800.481.1522.
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, 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