Bertelsmann Arvato Buys Majority Interest In BenefitNation.Business Editors VIENNA, Va.--(BUSINESS WIRE)--Nov. 15, 2000 BenefitNation, a software and business service provider (BSP BSP Bromsulphalein, a dye used in the study of liver function. See also sulfobromophthalein clearance test. ) offering electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. and business process automation services, announced today that Bertelsmann Avarto AG, a division of Bertelsmann AG Bertelsmann AG German media company. Beginning as a religious printer and publisher in 1835, the company grew steadily over the next century. Though virtually destroyed by Allied bombing in 1945, it recovered quickly after World War II. , has purchased a majority interest in the company. Led by former Bertelsmann executive William Reulein, BenefitNation specializes in a wide range of electronic publishing services for Fortune 500 companies in multiple markets including the healthcare, pharmaceutical and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries. Launched in January, BenefitNation's clients include eight of the top ten managed care organizations (MCOs) which include national companies such as the Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. Association and Cigna. "At the core , we provide e-publishing solutions that help companies improve and reduce the cost of their internal and external communications. We provide clients with the tools to author new documents or convert existing documents into XML/XSL and custom map each client's publishing workflow and business rules into an automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Enterprise Publishing System (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ). BenefitNation offers unique value by helping our customers web-publish, minimize duplicative business functions, eliminate paper and cut costs," Reulein said. BenefitNation will either install its software and systems at client locations or host and manage applications, which minimizes a company's upfront and ongoing investments in hardware, software, maintenance and large information technology staffs. In addition to digital communication methods, BenefitNation also supplies traditional print communications, warehouse, fulfillment/distribution management, and call center services. Rob Sorrentino, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bertelsmann, Inc., and Board member of BenefitNation, states, "This new alliance fits well into our Internet-based service businesses. We look forward to helping build BenefitNation into a premier web-based business service provider." BenefitNation's Board of Directors now includes several Bertelsmann executives. The company's executive team is based in Vienna, Va., with technology operations in both Vienna, Va. and Silicon Valley, Calif. About BenefitNation BenefitNation is a software and business service provider for multiple industry segments including the healthcare, pharmaceutical and financial services industries. Through business process automation, workflow mapping, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. programming, and customized document management, BenefitNation offers enterprise-wide platforms for internal and external publishing and communications - all through software applications that can either be installed or hosted and managed on an outsourced basis. For more information, visit www.benefitnation.com About Bertelsmann Arvato AG Bertelsmann Arvato AG (headquartered in Gutersloh, Germany) is one of seven Bertelsmann AG product lines. With more than 30 major subsidiaries throughout the world and an annual turnover of around DM 4.3 billion (for the last financial year) it is one of the largest media-service providers in Europe. Arvato offers its business partners tailor-made, optimized partial and complete solutions based on a modular approach. This is all thanks to the expertise of more than 17,000 employees at Arvato's global, networked locations, as well as the high-tech machinery and systems used by its companies. These companies include offset and rotogravure rotogravure: see printing. printing houses, as well as service providers (examples of main areas of concentration are the management of information, data and materials as well as call centers and service centers). For more information, visit www.arvato.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion