Docucorp Announces Agreement with Virtusa
March 16 2006 - 6:30AM
Business Wire
Docucorp International(R) (Nasdaq:DOCC), a leading provider of
Customer Communication Management (CCM) solutions, today announced
an agreement with Virtusa Corp, a global software development and
IT services firm. As part of the agreement, Virtusa will supplement
Docucorp's full-time development staff to further enhance the
innovative Web-based portal used by Docucorp's business process
outsourcing customers. In addition, Docucorp will leverage
Virtusa's considerable financial services expertise to deliver
tailor-made, cost effective business solutions to the wealth
management market at a more aggressive pace. "By leveraging
Virtusa's global breadth of systems integration and consulting
experience, we will be able to increase Docucorp's business
agility," said Bruce Dale, senior vice president, products,
Docucorp International. "This agreement will allow us to take
advantage of their global technology best practices, domain
knowledge and offshore cost differentials to accelerate the
time-to-market of our application development and strengthen our
around-the-clock support." "We are honored to be closely aligned
with the industry leader in Customer Communication Management
solutions," said Virtusa chairman and chief executive officer Kris
Canekeratne. "With our deep experience in software product
development and our Productization(R) approach to software
platforming efficiencies for ISVs and financial services clients,
we are confident Virtusa will be able to add a measurable impact to
Docucorp's business, both in its product development and its
customer implementation services." About Virtusa Virtusa is a
global provider of software development and IT services to Fortune
1000 enterprises and leading software product vendors in the
financial services, communications, retail and high technology
industries. Virtusa helps its clients improve their business
agility and IT efficiency by building, integrating, testing, and
supporting software platforms tailored exclusively to meet the
client's needs. Founded in 1996 and headquartered in Massachusetts,
Virtusa has offices and technology centers throughout the U.S.,
U.K. and Asia. For more information, visit www.virtusa.com. About
Docucorp Docucorp markets Customer Communication Management (CCM)
solutions via a portfolio of information software, business process
outsourcing and professional services, which enables companies to
create, publish, manage and archive complex, high-volume,
personalized information in-house or fully outsource to Docucorp.
The company has an installed base of more than 1,300 customers,
including some of the largest insurance, utility, financial
services and health care organizations. Headquartered in Dallas,
Docucorp has facilities in Atlanta; Silver Spring, Md.; Bedford,
N.H., and London, as well as an international presence in the
Benelux, Switzerland, Central and Eastern Europe, Middle East and
Africa regions. Certain information contained in this news release
may include "forward-looking" statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements,
other than historical facts, included herein are forward-looking
statements. These statements involve risks and uncertainties, such
as competition, technological developments, loss of significant
customers and the other factors discussed in the Company's periodic
reports filed with the Securities and Exchange Commission, that
could cause the Company's actual results to differ materially from
those expressed or implied by these forward-looking statements.
Docucorp is a registered trademark of Docucorp International. (C)
2006 Docucorp International. All Rights Reserved. Company,
organization and product names mentioned herein are trademarks or
registered trademarks of their respective owners. Docucorp and its
symbol are trademarks of Docucorp International.
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