Editorial Contact: Investor
Contact:
Document Sciences Corporation Document Sciences Corporation
Dane Becker, 760-602-1400
dbecker@docscience.com lweller@docscience.com
Document Sciences Partnership
with Volante Technologies Expedites FpML Trade Confirmations
Partnership combines expertise in document
automation, FpML and messaging systems
Together the companies are developing the industry’s first
end-to-end solution for the OTC derivatives market that will match the
confirmed trade to the original ISDA documents, thereby ensuring compliance, speeding transactions and reducing costly
errors.
“By pooling our talents, Document Sciences and Volante will offer
a truly unique solution to revolutionize contract negotiations, work flow
management, risk mitigation and confirmation in the OTC derivatives space,”
said
xPressConfirms™,
part of Document Sciences’ acclaimed xPression® 3 product suite, automates the production and delivery of OTC
derivatives contracts and trade confirmations. Using xPressConfirms, contract
negotiations and exception handling are streamlined, making trades easier to
confirm and settle, lowering costs and reducing transaction time. Volante provides the communications
interfaces using FpML (Financial
products Markup Language), the business
“Document Sciences is expert in document automation for the financial services industry and we are experts in financial data management,” said Vijay Oddiraju, Founder & CEO, Volante Technologies. “Our partnership will ensure that financial institutions can automate the full path from trade to confirmation receipt, meeting regulatory obligations and exceeding customer expectations.”
Over 500 clients worldwide, including more than 60 Fortune
500 companies, use Document Sciences products in banking and financial
services, insurance, managed-care, telecommunications, utilities and print
service providers. Awarded the highly coveted EMC Designed for Documentum
designation and built on an open, component-based architecture using J2EE and
XML, xPression 3 seamlessly integrates with existing workflows to create and
deliver highly customized real-time, interactive and high-volume business
communications.
The Document Sciences and Volante derivatives solutions will
be presented throughout SIBOS in the EMC booth (#F39), October 1 - 5, at the
About Volante
Volante Technologies, Inc.
provides platform-independent enterprise data management solutions for the
financial services industry. Volante’s proven data management solutions are
running some of the most demanding applications in major financial services
firms and utilities. Volante’s solutions include support for high performance
& low latency requirements, complex message management, exception management,
trade and order repair. Volante modeling environment support includes all
financial industry formats, all XML-based formats including FpML, and message
flow control. Volante solutions run on open-source platforms as an alternative
to proprietary message brokers or application servers, and are deployed in
Service-Oriented Architectures (SOA). Volante is SWIFT certified.
Volante’s customers include both large and mid-tier financial institutions for
both the buy side and sell side communities, including Brown Brothers Harriman,
The Municipal Securities Rulemaking Board, and Broadridge to name a few.
Current partners include GoldenSource, Microsoft and Sun Microsystems. For more
About Document Sciences
Document Sciences is a market-leading global
provider of customer communications management solutions. Our award-winning
xPression software suite enables organizations to automate the creation and
delivery of well-designed, highly personalized communications -- from
customized marketing collaterals, contracts and policies to high-volume
relationship statements and correspondence. More than 500 content-driven
organizations worldwide, including over 60 FORTUNE Global 500 companies, use
Document Sciences' solutions to reduce development costs by up to 90%, improve
time-to-revenue by as much as 75%, and enhance the overall customer experience
with highly effective 1:1 communications. Based in
This
press release may contain "forward-looking" statements about possible
or assumed future results of our financial condition, operations, plans,
objectives and performance. You can identify these statements by the fact they
use words such as "believe," "expect,"
"anticipate," "estimate," "project,"
"intend," "plan" or similar expressions. Many possible
events or factors could affect our future financial results and performance.
This could cause our results or performance to differ materially from those
expressed in these forward-looking statements. Some of these events or factors
include the following: (i) national, international, regional and local
economic, competitive and regulatory conditions and developments; (ii) the
market for dynamic content publishing software; (iii) market acceptance of
enhancements to our existing products and introduction of new products; (iv)
continued profitability of our professional services; (v) maintaining our
relationships with Xerox Corporation and our other distribution partners and/or
other risks detailed from time-to-time in our SEC reports, including the report
on Form 10-K for the fiscal year ended December 31, 2006. We do not undertake,
and specifically disclaim, any obligation to update forward-looking statements.
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