2nd May 2007 07:00
Communisis PLC02 May 2007 2nd May 2007 Communisis realigns key Barclays contract to focus on value added services Communisis plc ("Communisis" or "the Company"), a leading UK print and printmanagement business, is pleased to announce today that it has successfullycompleted a major realignment of its contract with Barclays plc. This will seeCommunisis charge market rates for a range of print related services includingdemand management, digital asset management, brand compliance and accountmanagement services. In line with the announced strategy, Communisis will provide print at no mark-upand Barclays will be provided with direct access to Communisis' print supplychain via Communsis' IQ (Instant Quote) software which will be installed on thedesktops of Barclays marketing campaign managers. This is the first time thatthe software has been made available to a client. This will give Barclaysaccess to instant quoting and spot-pricing in a competitive market and allow forthe direct online ordering of print. It will also allow campaign managers toimprove efficiencies and processes by matching specifications to lowest priceproduction and immediately assess the cost of modifications to the design ofprinted materials. These changes will deliver a substantial cost saving toBarclays. The duration of the original contract with Barclays remains unchanged. Steve Vaughan, Chief Executive of Communsis said today: "At the time of Communisis' preliminary results, we announced our intention tofundamentally transform the Company's business model and focus on profitablegrowth rather than increasing volumes. The realignment of our contract with Barclays demonstrates that the value-addedservices model can be successfully applied to the print and print managementindustry and signals our determination to implement our new corporate strategy.It takes us away from fast-commoditising areas of business into ones that addreal value to our clients, while providing Communisis with a sustainable,profitable and long term business relationship." Jon Kirby, Chief Procurement Officer at Barclays plc, commented: "We are pleased to have completed the restructuring of this agreement withCommunisis. We are in the process of deploying a new operating model which will provideBarclays access to flexible workflow and procurement tools which will help us todrive innovation throughout the print supply chain. In essence, we will now havedynamic, transparent management information that will allow us to make effectivebusiness decisions which balance quality, delivery and cost and drive internaland external process improvements." For further information please contact: Communisis plcSteve Vaughan, Chief ExecutivePeter King, Finance Director 0207 4264690 Financial DynamicsEdward BridgesJames Melville-Ross 0207 8313113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Communisis PLCBarclays