Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Prospectus-Centric Firm Changes Hands Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 18, 2009

A Prospectus-Centric Firm Changes Hands

by: Meredith Mazzilli

R.R. Donnelley & Sons Company has purchased Fitzgerald, Georgia-based Prospectus Central LLC. The purchase price was not made public. Prospectus Central has powered RR Donnelley's RightProspectus, which provides fund companies and others with alternatives for prospectus distribution to investors.
Company Press Release CHICAGO--(BUSINESS WIRE)--Jun. 18, 2009-- R.R. Donnelley & Sons Company (NYSE:RRD) announced today the acquisition of Prospectus Central, LLC. Located in Fitzgerald, GA, Prospectus Central has powered RR Donnelley’s RightProspectus offering, which provides mutual fund companies, variable annuity companies, retirement product companies, broker/dealers and clearing firms with cost-effective alternatives for distributing prospectuses to investors. RR Donnelley has offered e-delivery services for more than eight years and with the addition of Prospectus Central the company will be even better positioned to meet clients’ needs for the e-delivery of compliance documents and the management of consent at all points during the investment cycle, including pre-sale, point-of-sale and post-sale.

With this acquisition, RR Donnelley gains exclusive access to Prospectus Central's technology, RightProspectus — a prospectus e-delivery solution. This compliance delivery platform includes a document repository, powered by Prospectus Central, and a convenient online e-delivery and consent management application. RightProspectus offers mutual fund and variable annuity companies, broker/dealers and clearing firms the potential to lower costs for compliance delivery while continuing to meet disclosure requirements.

"This acquisition allows us to build on our success to date with our RightProspectus document repository and e-delivery solution. The easy-to-use online platform and its wireless capabilities give fund companies and intermediaries what they need at all stages of the investment cycle,” said Tom Juhase, President of RR Donnelley’s Financial Services offering.

"The RightProspectus document repository offers tracking and delivery confirmation functionality right at your fingertips,” added Scott Spivey, President and Founder, Prospectus Central, LLC. “This reduces potential miscommunication with investors. It also creates significant compliance benefits. Clients can rest assured that they are linking to the most up-to-date prospectuses. Given the significant cost savings realized with the platform, we believe the RightProspectus document repository can be the key communications workflow solution for the industry. The RightProspectus document repository represents a major step forward in prospectus delivery as it speeds up the investment process, while providing peace of mind for compliance officers."

More information about the RightProspectus document repository is available at financial.rrd.com. About RR Donnelley

RR Donnelley (NYSE: RRD) is the world’s premier full-service provider of print and related services, including business process outsourcing. Founded more than 144 years ago, the company provides products and solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley’s scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions.

For more information, and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at www.rrdonnelley.com.

Use of Forward-Looking Statements

This news release may contain "forward-looking statements" as defined in 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.
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use