News & Events
Document Sciences Deepens Commitment to UK Financial Services Market
10/21/2003, 2:00AM ET
Company Opens Subsidiary Office in London Financial District, Integrates Award-Winning xPression Product With UK Insurance Technology Leaders
CARLSBAD, CA and LONDON, UK (October 21, 2003 /PRNewswire-FirstCall/) - Document Sciences Corporation (NASDAQ: DOCX - News), a proven leader and innovator in automating creation and delivery of personalized enterprise business communications, today announced several new partnerships with leading UK insurance technology firms, and the opening of a subsidiary office in the heart of London's financial district. The newly announced partners: Harlosh, Ltd., Melstar Ltd. UK, and TIA Systems, Ltd., all will be integrating Document Sciences' award-winning xPression content processing services into their insurance-focused technology offerings.
"The London insurance market is one of the leading financial services markets in the world, and our new office is further evidence of our longstanding commitment to this market," said Jack McGannon, President and CEO of Document Sciences. "Our new UK partnerships, and our strong partnership with Xenos UK, are consistent with our belief that companies want the flexibility to implement "best of breed," componentized solutions. Not only do these partners recognize our breadth and depth in this market space, but they fully understand the unique advantages of xPression's standards-based architecture for reducing their customers' costs, enabling full FSA compliance, and speeding time to market."
Harlosh, Ltd. is a leading developer of integrated insurance administration software, covering insurance needs from policy administration and reinsurance to claims handling and fund management. They will be reselling Document Sciences' xPression as part of their insurance administration installations. Melstar Ltd. UK is a leading systems integrator, specializing in J2EE/XML integration, support and delivery services. A WebSphere-certified IBM Partner, Melstar provides insurers with integration, support and delivery services for xPression. TIA Systems is a leading provider of software for the insurance industry that will be jointly marketing xPression alongside their insurance administration and claims software solution.
Document Sciences has long been a major player in the UK as well as in continental Europe and the company's client list includes 250 European customers, plus 300 global insurance customers. Worldwide, an estimated 2 billion pages each month are produced using its xPression content processing and Autograph(TM) document automation software.
xPression's J2EE component-based architecture provides universal content processing services that integrate with an organization's existing business workflows to create and deliver both real-time and high volume business communications, highly customized for each recipient. Unlike traditional document automation systems, universal content processing (UCP) services such as xPression, are architected for tight integration with existing systems, data, and workflows.
About Document Sciences
Document Sciences Corporation (Nasdaq: DOCX - News) 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 "forward-looking" statements about our financial results and estimates, business prospects, and products that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially include, among others, the following: (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; (vii) changes in general economic and business conditions and/or other risks detailed from time-to-time in our SEC reports, including the report on Form 10-K for the fiscal year ended December 31, 2002. We do not undertake, and specifically disclaim, any obligation to update forward-looking statements.