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Bowne Enters Into Strategic Alliance With Clarity Systems, Launches New Compliance Reporting Software Solution
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY, October 6 / MARKET WIRE/ --
Bowne & Co., Inc. (NYSE: BNE), a global leader
in shareholder and marketing communication services, today announced that
it has entered into a strategic marketing and sales alliance with Clarity
Systems, a provider of software solutions for financial budgeting,
planning, forecasting, consolidation, analytics and financial statement
reporting.
As a result of the alliance, Bowne is launching a new financial statement
reporting tool for automated external reporting. Bowne's tool offers
compliance clients support further upstream in their documents' lifecycles
and improves the efficiency of the external reporting process. In addition
to helping clients consolidate, edit, track and manage their financial
reports, Bowne's automated external reporting tool offers attractive,
additional benefits for clients. Through state-of-the-art technology, it
will be integrated with the Bowne's robust composition network, and offers
clients multiple output formats, including Microsoft Word?, PDF,
EDGAR-ready HTML and XBRL.
"Our alliance with Clarity enables us to offer compliance professionals a
true end-to-end solution," said Bill Penders, President of Bowne. "Bowne's
external reporting software automates a traditionally manual process, and
by integrating this capability with our existing suite of compliance
solutions, clients' projects will move seamlessly throughout the entire
document life cycle, from the earliest stages of file creation straight
through to the final stages, including submission to the SEC and delivery
to shareholders."
With a more streamlined and automated process, Bowne will help clients cope
with tighter filing deadlines and expanding disclosure requirements, as
well as give them greater confidence in the accuracy of their data.
"We're pleased to enter into this relationship, and are confident that we
will add significant value to Bowne's suite of compliance services," said
Frank Pizzolato, CEO, Clarity Systems. "We look forward to working with
Bowne and its blue chip client base."
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
3,700 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 Clarity Systems
Clarity Systems delivers software solutions to the Office of Finance. Its
software helps large and mid-market organizations around the world improve
their budgeting, planning, consolidations, scorecarding and management
reporting processes and also automates their external reporting processes
to support the production of regulatory and statutory reports. Clarity's
unified applications help CFOs reduce reporting risk while simultaneously
improving operational efficiency. For more information, please visit
www.claritysystems.com or call 1-877-410-5070.
Investor Relations Contact:
John J. Walker
SVP & Chief Financial Officer
212-658-5804john.walker@bowne.com
Media Contact:
Pamela Blum
Director, Corporate Communications
212-658-5884pamela.blum@bowne.com
Bowne & Co., Inc.
55 Water Street
New York, NY 10041
(212) 924-5500
Fax: (212) 658-5871
Copyright ? 2008 Marketwire
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