RR Donnelley Expands Relationship and Announces Strategic Investment in Mediant Communications, Inc.
Joint Solutions Enhance and Improve the Efficiency of Shareholder Communications
Chicago, IL – October 26, 2015 (GLOBE NEWSWIRE) — 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.