InnerWorkings Signs Print Management Agreement with Morningstar
CHICAGO—June 2, 2011—InnerWorkings Inc., a leading provider of managed print and promotional solutions, announced an enterprise print management agreement with Morningstar Inc., a leading provider of independent investment research.
Under the agreement, InnerWorkings will provide outsourced print procurement and print management services for Morningstar, including direct mail, charts and commercial printing. InnerWorkings will assign a team of print production managers to be based at Morningstar’s headquarters in Chicago to work with its product marketing groups.
“Morningstar has experienced tremendous growth over the past several years, and we believe we’re ideally suited to address its ever-expanding and complex print production requirements,” said Marc Collins, senior vice president of enterprise solutions, InnerWorkings. “We will leverage our proprietary technology to maximize cost savings opportunities for Morningstar, and introduce reporting capabilities that greatly enhance the company’s ability to monitor and adjust its spending on print production.”
Scott Cooley, chief financial officer for Morningstar, said, “InnerWorkings’ business model resonates with us because of its objectivity and transparency. By gaining access to its network of 8,000 certified suppliers, we’ll save time and money.”
InnerWorkings Inc. (Nasdaq: INWK) is a leading global provider of managed print and promotional solutions to corporate clients across a wide range of industries. With proprietary technology, an extensive supplier network and deep domain expertise, the company procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution. The company also owns and operates the online business printing site, Inkchaser.com. InnerWorkings is based in Chicago with 35 offices in North America, South America and Europe. For more information, visit www.inwk.com.
Morningstar Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors and institutions. Morningstar provides data on approximately 390,000 investment offerings. Morningstar also offers investment management services and has approximately $135 billion in assets under advisement and management as of March 31, 2010. The company has operations in 26 countries.