Document Sciences purchases Data Retrieval; includes ownership of document management technology and customer base.SAN DIEGO--(BUSINESS WIRE)--May 12, 1997--Document Sciences (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 :DOCX), a global leader in document automation solutions, Monday announced the purchase of substantially all of the assets of Data Retrieval Corp. from West Group of Eagan, Minn. Included in the purchase were exclusive ownership of the TextComply, TextDBMS, TextGen, TextMigrate and TextBook software products and the installed base of commercial accounts. Document Sciences will retain Data Retrieval employees responsible for the development, product support and customer service of such software products. In addition, Document Sciences will continue to provide training and consulting support for Data Retrieval customers. The acquisition culminates a 3-year relationship in which Data Retrieval provided key software components to Document Science's Autograph autograph Any manuscript handwritten by its author; in common usage, a handwritten signature. Aside from its value as a collector's item, an early or corrected draft of a work may show its stages of composition or “correct” final version. architecture. The products, known as Document Library Services, provide Autograph with document management and publishing-related workflow facilities. "We are delighted that the relationship we have enjoyed with Data Retrieval has culminated in this arrangement. Their expertise, products and customers have been an important factor in Document Science's growth and will become even more important as we move forward. We intend to maintain the relationship that Data Retrieval has worked to establish with their customers as well as introduce these customers to Document Sciences and our solutions," said Tony N. Domit, president and chief executive officer of Document Sciences. Document Sciences is a leading provider of personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. and customized publishing solutions for industries including insurance, managed health care, 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. , telecommunications, manufacturing/distribution, government agencies and commercial print service bureaus. The company's Autograph products and solutions enable a crucial form of communication between organizations and their customers by employing enterprise database assets designed to produce high-quality and cost-effective documents that can be distributed in high volume. The company is based in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. with regional sales-force locations across 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 Canada and with a European subsidiary in Nice, France, supporting Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . The company also markets its products in Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . At present, the company has licensed its products to more than 500 end-user customers worldwide. For more information, visit the Document Sciences Web site at www.docscience.com or send e-mail to marketing@docscience.com . -0- This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . While these statements reflect management's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary. These risk factors are identified in documents the company has filed with the Securities and Exchange Commission. Actual results could differ materially from those projected in such forward-looking statements. CONTACT: Document Sciences Corp. Gaylin Allbaugh, 619/625-2000 gallbaugh@docscience.com |
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