News
FOR IMMEDIATE RELEASE
PrintSoft Acquired by Australia Post
MELBOURNE, – July 1, 2005 -
Australia Post today announced the completion of its acquisition
of PrintSoft.
Australia Post decided to acquire PrintSoft because it is
an ideal platform for the development and marketing of Australia
Post’s “Post eLetter” service. Australia
Post’s goal is to make this product, with its dramatic
cost and operational savings, available to businesses both
in Australia and worldwide.
PrintSoft will operate as an independent, wholly-owned subsidiary
of Australia Post and will retain the existing PrintSoft management
team. The acquisition includes the Australian, US, German
and Czech offices and the global headquarters will be based
in its current Cheltenham, Melbourne office.
PrintSoft’s existing range of document composition
products will continue to be supported and enhanced. PrintSoft
will continue to focus on helping its customers be successful
with its existing products and on driving new products to
market.
Consistent with Australia Post’s broad strategic direction,
the acquisition of PrintSoft represents a key initiative designed
to maintain and grow the core Australia Post letters business
by making letters a more cost effective communications medium.
The acquisition of PrintSoft will help to realize the potential
of Post eLetter and ad hoc desktop mail opportunities around
the world.
Australia Post and PrintSoft jointly developed Post’s
successful Post eLetter solution which enables clients to
create letters, invoices, statements and postcards on their
desktop, then securely submit them electronically to the service
bureau, where they are automatically aggregated, sorted and
produced for optimal production and postage saving.
Initially developed to assist a major financial institution
consolidate costly desktop mail production processes across
their organization, over 80 Australian companies now use the
service to produce and mail more than 12 million documents
annually.
The Post eLetter product suite has the potential to provide
significant cost and operational benefits to the mail industry
as a whole. PrintSoft will offer to license this technology
to the global Mailing industry. New adopters will gain access
to the untapped and profitable desktop mail market.
The acquisition is an important move for existing and prospective
customers, as the support of Australia Post will help PrintSoft
to improve its existing products, deliver innovative new products
and maintain global leadership.
About Australia Post
Australia Post is a progressive and commercial government-owned
business enterprise dedicated to providing accessible, reliable
and affordable postal services for all Australians.
The corporation is self-funding and makes the best use of
its assets and resources in order to earn profits, which may
be reinvested in the business or returned as dividends to
the Commonwealth Government.
Australia Post is also charged with the responsibility of
meeting a number of community service obligations that require
the corporation to provide an accessible, affordable and reliable
letter service for all Australians, wherever they reside.
The corporation employs 35,049 full-time and part-time staff,
operates 4,477 postal outlets, serves 1.10 million customers
in its outlets every business day and delivers mail to 9.68
million Australian addresses. In 2003/04, Australia Post earned
a record net profit of $371 million (up from $331 million
in 2002/03) on earned revenue of $4.16 billion. Australia
Post offers one of the world’s lowest-cost letter services
and also leads the world in terms of delivery efficiency and
reliability. These results prove that quality community service
and healthy commercial returns can be attained simultaneously.
Additional information about Australia Post can be found
on www.auspost.com.au
For further information please contact PrintSoft,
e-mail: sales@printsoft.com
Telephone +61 (0)3 8585 -2900
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