Acxiom and Trans Union complete Marketing Services agreement.CONWAY, Ark.--(BUSINESS WIRE)--Dec. 6, 1994--Acxiom Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACXM) announces that it has completed the Marketing Services agreement with Trans Union Corporation. The letter of intent for this agreement was announced on August 31st at the same time Acxiom announced that its Data Center Management Agreement was being extended through August 2002 to its full 10-year term. Under the agreement, Acxiom will provide all of the 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 services for Trans Union's Marketing Services Division. Acxiom anticipates the agreement will generate additional annual revenues of approximately $20 million when the conversion is completed in approximately eighteen months. The term of the agreement runs through August 31, 2002, with anticipated aggregate revenues in excess of $175 million over the life of the contract. ``This contract effectively doubles the size of our relationship with Trans Union,'' said Charles D. Morgan Jr., Chairman and President of Acxiom. ``The synergy between our two companies continues to create new avenues for mutual growth.'' Acxiom also announced the completion of the stock sale which was also previously reported in the August 31, 1994 release. Trans Union's parent company, Marmon Industrial Corporation, bought 500,000 shares of newly-issued Acxiom stock. Acxiom received net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $11,960,000 from the sale. Acxiom Corporation provides a comprehensive range of information management services, marketing software and computer outsourcing to database marketers, Fortune 500 companies and other major firms. Acxiom is headquartered in Conway, Arkansas Conway is the largest city and county seat of Faulkner CountyGR6, Arkansas. A 2005 special census indicated the population had risen to 52,430 [2]. It is part of the Little Rock-North Little Rock-AR Metropolitan Statistical Area. , and has operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the United Kingdom. CONTACT: Acxiom Corporation, Conway Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Bloom, 501/336-1321 |
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