(COMTEX) B: GENEVA DIGITAL: Geneva Digital acquired by Xenos Group
B: GENEVA DIGITAL: Geneva Digital acquired by Xenos Group
OCT 26, 1999, M2 Communications - Walton on Thames, Surrey -- Geneva
Digital, a UK-based supplier of electronic document solutions, has
merged with Xenos Group, a North American-based world leader in
e-commerce document presentment software.
Xenos Group invested in Geneva Digital because of its blue chip
client base, which consists of financial service, telecomms and utility
organisations; excellent reputation as a leading electronic document
solution provider and integrator; and because of the UK company's
outstanding growth and profitability record.
There is a great deal of synergy between the two IT companies as they
are leaders in the electronic document sector. For Geneva, the merger
gives the company additional financial resources; enables it to expand
into other European countries; and provides a world leading e-document
technology to its wide, established customer base. Geneva Digital will
rebrand as Xenos Europe in due course.
"This is an exciting day for Geneva Digital and its clients and is
synergistic with our direction" said Glen Manchester, the company's
managing director, who becomes group chief executive for European
operations and a board member of Xenos Group. "We anticipate that
Xenos' technologies will be in considerable demand as more and more
European companies adopt e-commerce strategies incorporating electronic
document presentment and EBPP (electronic bill presentment and
payment)."
About Xenos Group
Based in Toronto and Dallas, Xenos Group (www.xenosgroup.com) is a
leader in software for on-line statements and bills. Using the world's
most advanced transformation and presentment technology, Xenos gives
companies the ability to convert any high-volume printed document into
a personalized e-document. Customers such as Bear Stearns, Bank of New
York, Merrill Lynch, Manulife Financial, Bell Canada and the Canada
Post Electronic Post Office use Xenos Group software to transform and
distribute more than one billion document pages every year. The company
was listed on the Toronto Stock Exchange (symbol: XNS) on August 11th
1999.
About Geneva
Geneva Digital, based in Walton-on-Thames, Surr ey, has established
itself as one of the UK's foremost providers of document enabled
e-commerce solutions. The document solutions specialist supplies
premium, cutting-edge digital document repository, viewing and Internet
billing solutions to many of the country's largest organisations.
Geneva's extensive client base - including many of the leading
financial services, telecoms and utility companies - are using its
technology and services to generate, store, view and deliver very high
volumes of documents for applications such as customer services.
Geneva Digital is based at:
Walton Lodge, Bridge Street, Walton-on-Thames, Surrey KT12 1BT. Tel:
01932 252999. Fax: 01932 252288. Email: enquries@geneva.co.uk Web:
www.geneva.co.uk
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