DOCX Document Sciences Corp (MM)

Partnership combines expertise in document automation, FpML and messaging systems CARLSBAD, Calif., Oct. 2 /PRNewswire-FirstCall/ -- Document Sciences (NASDAQ:DOCX) today announced a partnership with Volante Technologies to automate the production and transmission of trade confirmations over a range of messaging systems. Document Sciences leads the on-demand document management market, empowering clients with solutions for account on-boarding, contract negotiations, customized client collaterals and research solutions. Volante Technologies provides data management solutions for the financial services industry. Its award-winning technology provides the ability to model all aspects of data processing and communicate with diverse applications and financial networks. 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 Jack McGannon, President and Chief Executive Officer, Document Sciences. "As a result of this partnership, financial services organizations will be able to eliminate manual processes, reduce costs and manage risk." xPressConfirms(TM), part of Document Sciences' acclaimed xPression(R) 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 information exchange standard for electronic dealing and processing of financial derivatives instruments. FpML plays a key role by organizing financial data in a standard way that can then reliably be transformed to meet the requirements of each messaging system. Volante adds the ability to process this data without any hand coding -- a unique approach that is also completely infrastructure agnostic. "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 Boston Convention & Exhibition Center. 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 information please visit http://www.volantetech.com/ 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 Carlsbad, California, with award-winning offshore services operations in Beijing, China and offices across the U.S., in London and Sydney, Document Sciences also markets its products in Europe, Australia, Canada, New Zealand, Latin America, Asia and Africa. For more information about Document Sciences Corporation, call 888.4.DOC.SCI or visit http://www.docscience.com/. 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. DATASOURCE: Document Sciences Corporation CONTACT: Editorial, Dane Becker, +1-760-602-1400, , or investors, Leslie Weller, +1-760-602-1400, , both of Document Sciences Corporation Web site: http://www.docscience.com/ http://www.volantetech.com/

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