RR Donnelley Acquires Prospectus Central
Friday, June 19, 2009
Press release from the issuing company
CHICAGO -- R.R. Donnelley & Sons Company 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.