RR Donnelley Awarded $465 Million Document Business Processing Outsourcing Agreement by ING
December 06 2006 - 6:30AM
PR Newswire (US)
Astron Selected to Provide Print and Mail, Scanning, Fulfillment
and Other Services CHICAGO, Dec. 6 /PRNewswire-FirstCall/ -- R.R.
Donnelley & Sons Company (NYSE:RRD) today announced that
UK-based Astron, an RR Donnelley company and leading Document
Business Process Outsourcing (DBPO) provider, has been awarded a
seven-year $465 million outsourcing agreement by ING. Astron is a
wholly-owned subsidiary of RR Donnelley. ING, a leading global
financial institution that provides banking, insurance and asset
management services to over 60 million private, corporate and
institutional clients, has selected Astron to provide a range of
document related services including print and mail, scanning,
fulfillment, application development and others. The agreement
expands Astron's European platform and enhances its ability to
serve customers' pan-European DBPO needs. Sjaak de Graaf, COO ING
Retail Banking said, "Astron's broad capabilities, depth of
experience in processing banking and insurance documents and
ability to implement a program of this complexity and magnitude
made them an effective choice for this important initiative." Bob
Nelson, President of Astron stated, "We are delighted to be given
the opportunity to help ING achieve its objectives and welcome the
ING employees who will become a part of Astron. This groundbreaking
agreement accelerates our ability to serve the comprehensive needs
of customers throughout Europe and demonstrates the value of our
focus on delivering measurable results across a spectrum of
document based business process outsourcing requirements." 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 140 years ago, the
company provides 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, visit the
company's web site at http://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. DATASOURCE: R.R. Donnelley & Sons
Company CONTACT: Media Contacts, Doug Fitzgerald, Senior Vice
President Marketing & Communications, +1-630-322-6830, or , or
Investor Contact, Dan Leib, Senior Vice President - Finance,
+1-312-326-7710, or , both of R.R. Donnelley & Sons Company Web
site: http://www.rrdonnelley.com/
Copyright
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
Historical Stock Chart
From Oct 2023 to Oct 2024