ADP to Outsource Data Processing to Acxiom.CONWAY, Ark.--(BUSINESS WIRE)--June 15, 1995--Acxiom Corporation (Nasdaq:ACXM) announced today that it has entered into a multi-year strategic business alliance with the Claims Solutions Group of Automatic Data Processing Same as data processing. ("ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. ") (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ). Under the agreement, ADP will outsource some of its data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a functions to Acxiom. ADP's Claims Solutions Group will also partner with Acxiom to provide a broad range of services, including systems integration, information management and data warehousing See data warehouse. data warehousing - data warehouse to the property and casualty insurance industry. "We are excited that ADP has selected Acxiom as an outsourcing partner," said Charles D. Morgan, Jr., Acxiom's president and chairman. "This alliance also allows us to combine our resources to develop a consolidated platform of services for our insurance customers, giving them a common point of access to the information they need to attract the best clients and streamline their ability to service them." Frank P. Patchel, senior vice president of ADP's Claims Solutions Group, said "With our alliance with Acxiom, we will be able to improve our operational efficiency and accelerate the introduction of our advanced technologies for claims estimating services." Acxiom also announced several other significant new business agreements, including a contract with Dillard's Department Stores to build an on-line marketing database that will allow Dillard's to conduct more detailed analysis and improve its customer targeting. Morgan also announced that Acxiom is closing agreements with DeBartolo Properties Management, Inc. to develop a marketing database from information collected through MALLPeRKS, their new customer loyalty program. Work on both of these projects is expected to begin the next quarter." U S WEST and Acxiom have signed a contract that will allow U S WEST Market Information Products to resell Acxiom's services to smaller companies. U S WEST will handle packaging the database products for a different type of customer, as well as selling and managing the customer relationship while Acxiom will be responsible for supplying the data processing and production expertise to provide the end service. Acxiom provides decision support systems that deliver the knowledge corporations need to drive their business, by enriching internal data with external information, then making it accessible enterprise-wide via data warehouses built on specific industry expertise. Founded in 1969, Acxiom is based in Conway, Arkansas, with locations throughout the United States and the United Kingdom. ADP Claims Solutions Group, headquartered in San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005. , is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ADP. ADP, with over $2 billion in revenue, is one of the largest computing services firms in the United States. Claims Solutions Group provides the property and casualty industry with integrated, neutral and independent information services See Information Systems. for automotive, medical and property claims management. ADP clients include most of the top insurers in North America and many leading automotive repair and related businesses. CONTACT: Acxiom Corporation, Conway Robert S. Bloom, 501/336-1321 Pete Hoelscher, 501/336-1346 or Automatic Data Processing Linda Williams, 510/866-1100, ext. 2573 |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion