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December 16, 2008 08:30 ET
Virtual Data Room Offering Further Strengthened by Bowne
Extends Relationship With BMC Group Until 2013 and Provides for Ongoing Service Enhancements
NEW YORK, NY–(Marketwire – December 16, 2008) – Bowne Co. Inc. ( NYSE. BNE ), a global leader in shareholder and marketing communications services, today announced it has extended and deepened its strategic marketing alliance with BMC Group, Inc. a leading provider of information management technology and services for Bowne Virtual Dataroom . As a result of the agreement, which has been extended until 2013, Bowne is now the exclusive sales channel for BMC Group’s transactional VDR capabilities and will be able to offer clients more flexible service agreement term lengths. Additionally, the agreement provides Bowne with an option to purchase an ownership position within BMC Group VDR LLC.
“Despite the downturn in the overall capital markets, Bowne Virtual Dataroom continues to be a growing source of revenue for Bowne and has more than doubled in the last year,” said Brandon Farley, Managing Director, Bowne Virtual Dataroom. “Together with BMC Group, Bowne has made several enhancements to our virtual data room offering, including the recent introduction of an exceptionally flexible and robust rights management tool kit, and we are currently building a more dynamic user interface with variable content presentment capability. We are thrilled to take this relationship to the next level.”
“Expanding our partnership with a firm that has longstanding global relationships allows our team to complement Bowne’s core shareholder and marketing communications services with our information management platform,” said Sean Allen, CEO, BMC Group, Inc. “BMC Group focuses on delivering the best solutions and services for three of the most information intensive corporate events: mergers acquisitions, bankruptcy and class action. We look forward to continuing to collaborate with Bowne, its customers and their intermediaries to deliver industry leading information management.”
A secure online environment, Bowne Virtual Dataroom streamlines the M A and IPO due diligence process by allowing buyers, attorneys, accountants and others simultaneous access to documents from their own desktops, instead of travelling to review the content on paper. This same capability makes it a natural solution for corporations and private equity firms looking to facilitate their investment solicitation, financing and reporting processes. State-of-the-art encryption, multiple firewalls, virus/intrusion detection and other continually audited measures keep documents secure.
For further information on Bowne Virtual Dataroom, please visit www.bowne.com/BowneBMC
About Bowne Co. Inc.
Bowne Co. Inc. ( NYSE. BNE ) provides shareholder and marketing communications services around the world. Dealmakers rely on Bowne to handle critical transactional communications with speed and accuracy. Compliance professionals turn to Bowne to prepare and file regulatory and shareholder communications online and in print. Marketers look to Bowne to create and distribute customized, one-to-one communications on demand. With 3,200 employees in 60 offices around the globe, Bowne has met the ever-changing demands of its clients for more than 230 years. For more information, please visit www.bowne.com.
About BMC Group, Inc.
BMC Group, Inc. is a leading information management and professional services company serving major law firms, financial institutions and Fortune 1000 corporations. BMC Group collects, manages and delivers information through its professionals who combine transactional experience and sector knowledge to ensure relevant compliance and/or business requirements. BMC Group’s use of proprietary tools and processes reduces costs and decreases turnaround time for production and maintenance of critical information. BMC Group has multiple offices in North American cities, as well as in London and Hong Kong. www.bmcgroup.com