Relizon Wins $90 Million Contract with Canadian Imperial Bank of Commerce (CIBC)
Press release from the issuing company
DAYTON, Ohio and BOUCHERVILLE, Quebec, March 10, 2004 - The Relizon Company, a leading provider of business process solutions in document management, billing and relationship marketing, today announced that it signed a deal worth an estimated $90 million over the next five years with the Canadian Imperial Bank of Commerce (CIBC) in Q4 2003. The contract calls for Relizon to provide CIBC with document management solutions and marketing fulfillment services for CIBC's banking network across North America.
With more than 9 million personal banking and business customers, CIBC offers a full range of products and services through its comprehensive electronic banking network and at branches and offices across Canada,
the United States and around the world. It has the largest bank machine network in Canada, with over 4,300 ABMs in branch and non-branch locations throughout the country.
"We are delighted to be chosen as a strategic sourcing partner for one of the largest financial institutions in North America," said Rodney Hedeen, president and chief executive officer of The Relizon Company. "CIBC is a leader in best-practice financial services for its customers, and we are proud to work with them to develop and implement best practices in their document management and marketing fulfillment processes across Canada and the U.S."
Mohamed Yacoub, president and CEO, Relizon Canada, said, "CIBC is an important addition to our growing presence in the financial marketplace. Relizon Canada today is the document management and fulfillment services supplier of choice to several of the largest banks, brokerages and insurance companies in Canada."
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.