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WELSH, CARSON, ANDERSON & STOWE PURCHASES SSI AND DISC, INC., FROM NYNEX

 NORCROSS, Ga., Jan. 6 /PRNewswire/ -- Stockholder Systems, Inc. (SSI), and DISC, Inc. (DISC) announced today that New York-based investment firm Welsh, Carson, Anderson & Stowe (WCAS) has purchased SSI and DISC from their parent company, NYNEX Worldwide Services Group, Inc., (NYNEX) of White Plains, N.Y.
 NYNEX's sale of SSI and DISC is part of NYNEX's ongoing effort to focus on emerging growth opportunities worldwide related to its core competencies. Terms of the transaction were not disclosed.
 WCAS plans to merge the two software companies. The decision to merge the two companies stems from the firm's desire to capitalize on revenue growth opportunities and emerging opportunites in the financial and banking services industry. It is the intention of the new company to pursue product acquisitions aggressively. The firm also wants to take advantage of synergies that currently exist between the two companies since SSI and DISC offer similar software solutions to the cash management, wire transfer and risk management marketplaces. SSI President and CEO Robert Campbell will retain those titles in the combined company.
 Commenting on the acquisition, Campbell said: "We are pleased to have this relationship with Welsh, Carson, Anderson and Stowe. They have a strong reputation in the financial services software industry and will bring with them a wealth of knowledge and understanding of our business. We are looking forward to new opportunities with WCAS.
 "We are also looking forward to joining forces with DISC. With the complementary product lines offered by SSI and DISC, this merger will allow us to combine our efforts to offer superior software solutions, especially in the areas of cash management and wire transfer. With over 46 years of combined experience in these areas, we are certain customers will gain many advantages from this merger," said Campbell.
 WCAS is a partnership which specializes in the buyouts and other private equity investments in both the information services and health care industries. WCAS has total capital of approximately $2 billion and has in excess of 40 portfolio companies. It is differentiated from other private equity firms by its size, its industry specialization and strategic focus, its ability to supply both equity and subordinated debt and the experience and continuity of its general partners.
 Founded in 1971, SSI designs, markets and supports financial application software, primarily for IBM computers. Over 1,500 worldwide customers use SSI software for securityholder recordkeeping, wire transfer, cash management, check processing, elecronic funds transfer, mortgage origination and servicing, lease accounting and safe box accounting, debt recovery and scoring, and information distribution through networks and optical disk technology. The company has 346 employees.
 DISC, based in Owings Mill, Md., provides financial software, training, consulting and support to financial institutions, multinational corporations and U.S. government agencies. The 24-year- old company's software offerings include international and domestic cash management, wire transfer and reconciliation solutions, as well as U.S. regulatory compliance software and services. DISC has 212 employees and also has offices in Atlanta, New York, London and Hong Kong.
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 /CONTACT: Jimmy Locklear, vice president-Marketing, 404-840-1401, or R. Jason Anthoine, public relations manager, 404-840-1627 or, 404-303-0761 (after 6 p.m.), both of Stockholder Systems; or Robert Minicucci, general partner, Welsh, Carson, Anderson & Stowe, 212-945-2011/


CO: Stockholder Systems, Inc.; DISC, Inc.; Welsh, Carson, Anderson &
 Stowe; NYNEX Worldwide Services Group, Inc. ST: Georgia, New York, Maryland IN: CPR SU: TNM


BR-BN -- AT008 -- 9709 01/06/94 11:03 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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