Business Services Industry
American General Financial Group Chooses Document Sciences Solutions For Policy and Contract Compliance Automation
Business Wire, Oct 17, 2000
Business Editors, High-Tech Writers
CARLSBAD, Calif.--(BUSINESS WIRE)--Oct. 17, 2000
Document Sciences Corporation (Nasdaq:DOCX), a leading developer of eCRM and Document Automation software solutions, has been selected by American General Corporation (AGC), one of the nation's largest diversified financial services organizations, to provide policy and contract compliance automation software.
The Document Sciences Autograph architecture products license includes CompuSet, Visual CompuSet, Document Library Services (DLS) and associated DLS Clients for compliance management.
"American General is excited about partnering with Document Sciences Corporation for document automation solutions," said Sylvia Miller, Vice President -- Information Technology for American General. "Its suite of products is most appropriate for our varied environments and business models. We are also impressed with the company's strategic direction and ability to provide professional services to assist us in implementing critical document automation projects within tight timeframes."
Commenting on this transaction, Dan Fregeau, Vice President of Worldwide Sales and Marketing, stated, "This represents a very important enterprise-wide investment for American General. We are pleased their rigorous selection process concluded that our products and services meet their needs better than any others. We look forward to providing support to American General's team throughout implementation, operationalization, and beyond."
American General Financial Group is one of the nation's largest diversified financial services organizations with over $120 billion of assets and $20 billion of annual revenues and deposits. Headquartered in Houston, Texas, it is a leading provider of retirement services, life insurance, and consumer loans to 12 million customers. AG's common stock is listed on the New York, Pacific, London, and Swiss stock exchanges and is traded under the symbol AGC. AGC's Internet address is www.agc.com.
Document Sciences Corporation develops and markets software solutions that enable an enterprise to better communicate with their customers, through both Automated Personal Portals on the web and high-quality personalized documents that can be printed, viewed on demand, or distributed electronically in high volume. Over 680 customers worldwide use Document Sciences' products in insurance; banking and financial services; managed-care; telecommunications; utilities; and commercial print service bureaus. Customers include more than 60 Fortune 500 companies. Based in Carlsbad, California, with regional locations across the U.S. and a European subsidiary in Paris, France, the Company also markets its products in Australia, New Zealand, Brazil, Argentina and Chile. For more information about Document Sciences Corporation, visit www.docscience.com.
This press release contains forward-looking statements. In particular, words such as "may," "will," "should," "could," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other expressions which identify such forward-looking statements are by their nature predictions based upon current plans, expectations, estimates, and assumptions. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed or implied by such forward-looking statements. Other risks and uncertainties associated with the business of the Company may be reviewed in the Company's public filings, including the Company's Annual report on Form 10-K for its fiscal year ended December 31, 1999 and its Quarterly Reports on Form 10-Q on file with the Securities and Exchange Commission.
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