Arbortext Extends Enterprise Publishing Leadership; Continues Aggressive Growth Plans
Ann Arbor, Mich., and London, United Kingdom, October 13, 2004 – Arbortext, the leading provider of XML-based Enterprise Publishing Software, today announced it has completed the acquisition of Advent Publishing Systems, Ltd. (Advent3B2). Arbortext's acquisition of Advent3B2 combines two leading publishing software companies and continues its successful track record in expanding its leadership position in the Enterprise Publishing Software industry.
Arbortext's Enterprise Publishing Software helps companies streamline and automate their information creation and publishing process to deliver information that is more accurate, relevant and timely. Through the acquisition of Advent3B2 and its product line, Arbortext extends the benefits of enterprise publishing to design-intensive and complex documents such as financial reports, marketing collateral, consumer catalogs, directories and journals. Using Arbortext Enterprise Publishing Software, organizations can automate the publishing process in order to deliver better information faster and at a lower cost .
"This acquisition underscores Arbortext's strategy to become a leader in Enterprise Publishing," said Mark Walter, Senior Analyst, The Gilbane Report. "The 3B2 software complements Arbortext's well-known XML editing tools and will enable Arbortext to target more typographically complex publishing applications in the corporate setting as well as make a more concerted effort to sell into commercial STM publishing, where many publishers are in the midst of migrating to XML."
Commenting on the acquisition, Ken Swanson, Senior Vice President of Operations at Bowne & Co., Inc. had this to say, “This is exciting news. As a long-time customer of Advent3B2, we've been very successful with the development of the Advent3B2 composition engine for our future publishing initiatives. I am confident the combined companies will enable us to take advantage of a stronger product line to fulfill our plans for enterprise publishing. I expect the combined companies will take advantage of each other's strengths, making for a stronger partnership that is built on customer focus and teamwork for us.”
Raymond Schiavone, President and CEO for Arbortext, said “The acquisition of Advent3B2 is consistent with our growth strategy, business goals and commitment to our customers. Advent3B2 has a long and distinguished history in software that automates the publishing of documents with complex layout and design, outstanding talent, and a strong customer base. Advent3B2's technology enables us to extend enterprise publishing solutions to additional applications, departments and organizations.”
“We are excited to join Arbortext and be part of a well known and respected team that is revolutionizing how organizations publish information,” said George Punton, Advent3B2's Managing Director and CEO. “This acquisition is great news for Advent3B2 customers because it reinforces and protects their investment as we move toward standards-based publishing platforms. Advent3B2 customers can take advantage of our combined efforts to develop and deliver a wider range of high quality products and services for enterprise publishing applications throughout the organization.”
With this acquisition, Arbortext will broaden its product offerings and grow its customer base with the inclusion of over 300 Advent3B2 customers. Arbortext will also expand its operations by combining the Advent3B2 development, professional services and sales and marketing capabilities through the integration of its Swindon , United Kingdom and Konstanz , Germany offices.
About Advent Publishing Systems, Ltd.
Advent3B2 develops and markets a comprehensive suite of innovative publishing software based on the latest industry standards including XML. Its growing, global customer base includes The European Parliament, Boeing, GlaxoSmithKline, the US Patent and Trademark Office, Bertelsmann and the Canadian House of Commons.
About Arbortext
Arbortext is the leading provider of Enterprise Publishing Software that enables organizations to create and automatically publish large amounts of information, such as technical manuals, pharmaceutical product information, legal information and software documentation. Enterprises around the world use our software to publish in multiple languages to multiple audiences in multiple hardcopy and electronic output formats. Arbortext's software is installed at over 1,400 organizations worldwide.
Current customers include American Express Financial Services, Audi, Boeing, Bombardier, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Ricoh, Sun Microsystems, Toyota , United Airlines, Volkswagen and Volvo. Arbortext is a founding member and active participant in both the XML Activity of the World Wide Web Consortium (W3C) and the Organization for the Advancement of Structured Information Standards (OASIS). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information, please visit www.arbortext.com
About Single-Sourcing Solutions
Single-Sourcing Solutions is an expert in the PTC Arbortext product suite. Because of our deep experience with the Arbortext toolset and in the practical development and deployment of mission-critical, custom XML development, Single-Sourcing Solutions has the expertise required for successful dynamic information delivery. Single-Sourcing Solutions is active in the global Arbortext community and related information development communities.
For more information on Single-Sourcing Solutions, please visit https://www.single-sourcing.com.
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