RR Donnelley Expands Relationship and Announces Strategic Investment in Mediant Communications, Inc.
26 October 2015 - 9:30PM
R. R. Donnelley & Sons Company (Nasdaq:RRD)
announced today that it has made a minority investment in Mediant
Communications, Inc., a provider of electronic and printed
shareholder communications. Under the terms of the agreement, which
formalizes and expands an existing strategic partnership, the
companies will continue sales and development of their joint proxy
services and post-sale fulfillment offering to broker dealers and
advisors.
With services ranging from an advanced, web-based shareholder
communications platform to the distribution of prospectuses,
regulatory reports and proxy communications, Mediant serves broker
dealers, banks, mutual funds and corporate issuers and has worked
alongside RR Donnelley for more than six years.
In combination with Mediant’s advanced technology, RR Donnelley
will provide post-sale fulfillment empowering customers to reduce
complexity through improved process efficiency, enabling greater
cost control and enhancing the user experience through the latest
innovations.
“We are delighted to have RR Donnelley as an investing strategic
partner,” commented Arthur Rosenzweig, President of Mediant
Communications, Inc. “This is an important step toward expanding
Mediant’s technology platform through further development of joint
end-to-end solutions that automate the vertical integration of the
investor communications industry."
“With this investment, the combination of RR Donnelley and
Mediant Communications will expand our technology solution to
provide an even more comprehensive compliance and financial
communications service,” stated Eric Johnson, RR Donnelley’s Sr.
Vice President of Sales. “It will offer advisors and wealth
managers new opportunities for innovation and savings across the
complete process of creating and distributing shareholder
communications.”
About RR Donnelley
RR Donnelley (Nasdaq:RRD) helps organizations communicate more
effectively by working to create, manage, produce, distribute and
process content on behalf of our customers. The company assists
customers in developing and executing multichannel communication
strategies that engage audiences reduce costs, drive revenues and
increase compliance. RR Donnelley’s innovative technologies enhance
digital and print communications to deliver integrated messages
across multiple media to highly targeted audiences at optimal times
for clients in virtually every private and public sector.
Strategically located operations provide local service and
responsiveness while leveraging the economic, geographic and
technological advantages of a global organization.
For more information, and for RR Donnelley's Global Social
Responsibility Report, visit the company's web site
at http://www.rrdonnelley.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements
speak only as of the date of this news release and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley
disclaims any obligation to update or revise any forward-looking
statements.
Media Contact: Phyllis Burgee, Director Communications:
Tel: +1 630-322-6093 E-mail: phyllis.burgee@rrd.com
Investor Contact: Dave Gardella, Senior Vice President Finance:
Tel: +1 312-326-8155 E-mail: david.a.gardella@rrd.com
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