Document Sciences Corporation , a proven leader and innovator in automating creation and delivery of enterprise business communications, and Fiserv Advanced Insurance Solutions (AIS), a unit of Fiserv, Inc. , a leading provider of software and services to the property and casualty industry, jointly announced today that they have signed a cooperative marketing agreement to deliver comprehensive property and casualty insurance solutions. As part of the agreement, the companies agree to jointly market and promote each other's products and services.
Fiserv AIS provides browser-based policy, claims, and billing administration systems, using component technology within a J2EE architecture. The inherent configurability of the system allows business users to maintain much of the system without technical intervention, so expensive technical resources are conserved. Document Sciences' xPression is an open architecture Universal Content Processing solution with powerful capabilities to produce high volume, regulated and personalized content, delivered through any customer communications channel. The combination of Fiserv AIS and Document Sciences solutions enables companies to provide high levels of customer service while enhancing the efficiency of their internal business operations.
"Insurance organizations continually have to find ways to cut costs while improving customer service," said Jack McGannon, President and CEO of Document Sciences. "This relationship with Fiserv will enable us to better serve our customers by leveraging the respective strengths of our offerings, and by providing them a more comprehensive, end-to-end solution."
"Fiserv AIS and Document Sciences share a common vision of delivering comprehensive, cost-effective solutions to customers," said Robert Bruce, President of Fiserv AIS. "By integrating Fiserv's industry leading solutions with Document Sciences' powerful Content Processing software, we help our customers enhance and automate customer communication, reduce the costs of document delivery, and improve their return on investment."
About Fiserv AIS
Founded in 1986, Fiserv AIS is a leading provider of software and related consulting services to the property-casualty industry. Fiserv AIS systems process personal and commercial lines, billing, claims, and premium accounting and reporting, and are available on a license or hosted basis. More information is available at http://www.fiservais.com/ .
Fiserv, Inc. provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 14,000 clients, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at http://www.fiserv.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 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 http://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.
CONTACT: Scott Samuels of Document Sciences Corporation, +1-760-602-1528, ssamuels@docscience.com; or investors, Heidi Flannery of Fi.Comm, +1-503-844-8888, heidi.flannery@ficomm.com, for Document Sciences Corporation
Web site: http://www.fiservais.com/ http://www.fiserv.com/ http://www.docscience.com/
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