RR Donnelley Makes Investment in Longtime Partner Mediant Communications
CHICAGO—October 27, 2015—RR Donnelley & Sons (RRD) announced that it has made a minority investment in Mediant Communications, a provider of electronic and printed shareholder communications. Under the terms of the agreement, which formalizes and expands an existing strategic partnership, the companies will continue sales and development of their joint proxy services and post-sale fulfillment offering to broker dealers and advisors.
With services ranging from an advanced, Web-based shareholder communications platform to the distribution of prospectuses, regulatory reports and proxy communications, Mediant serves broker dealers, banks, mutual funds and corporate issuers and has worked alongside RR Donnelley for more than six years.
In combination with Mediant's advanced technology, RR Donnelley will provide post-sale fulfillment empowering customers to reduce complexity through improved process efficiency, enabling greater cost control and enhancing the user experience through the latest innovations.
"We are delighted to have RR Donnelley as an investing strategic partner," commented Arthur Rosenzweig, president of Mediant Communications. "This is an important step toward expanding Mediant's technology platform through further development of joint end-to-end solutions that automate the vertical integration of the investor communications industry."
Eric Johnson, RR Donnelley's senior vice president of sales, explained, "With this investment, the combination of RR Donnelley and Mediant Communications will expand our technology solution to provide an even more comprehensive compliance and financial communications service." He continued, "It will offer advisors and wealth managers new opportunities for innovation and savings across the complete process of creating and distributing shareholder communications."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) helps organizations communicate more effectively by working to create, manage, produce, distribute and process content on behalf of its customers. The company assists customers in developing and executing multichannel communication strategies that engage audiences reduce costs, drive revenues and increase compliance. RR Donnelley's innovative technologies enhance digital and print communications to deliver integrated messages across multiple media to highly targeted audiences at optimal times for clients in virtually every private and public sector. Strategically located operations provide local service and responsiveness while leveraging the economic, geographic and technological advantages of a global organization.
Source: RR Donnelley.