SOURCE: Bowne & Co., Inc.

February 29, 2008 16:14 ET

Bowne Completes Acquisition of GCom2 Solutions, Inc.

NEW YORK, NY--(Marketwire - February 29, 2008) - Bowne & Co., Inc. (NYSE: BNE), a leader in shareholder and marketing communications services, today announced it has completed the acquisition of GCom2 Solutions, Inc., a leading provider of proprietary financial administration and reporting software and solutions to the global investment management industry. Bowne acquired GCom's assets and operating business for $45 million in cash. The acquisition, which was originally announced on February 7, 2008, is expected to be accretive to the Company's 2008 financial results.

With estimated annual revenue of approximately $25-$30 million, GCom offers a robust, innovative suite of scalable software products that provide investment administrators easy-to-use, intuitive solutions, offering significant cost savings, while addressing their reporting and shareholder communication challenges. GCom's products will be integrated with Bowne's existing automated composing tools and output capabilities that file and print shareholder communications. As a result, Bowne will be the only firm providing the investment management industry a true end-to-end solution. GCom operates in the United States, the United Kingdom, Ireland and Luxembourg.

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing communications services around the world. Dealmakers rely on Bowne to handle critical transactional communications with speed and accuracy. Compliance professionals turn to Bowne to prepare and file regulatory and shareholder communications online and in print. Marketers look to Bowne to create and distribute customized, one-to-one communications on demand. With 3,400 employees in 60 offices around the globe, Bowne has met the ever-changing demands of its clients for more than 230 years. For more information, please visit www.bowne.com.

Contact Information

  • Investor Relations Contact:
    William J. Coote
    VP & Treasurer
    212-658-5858
    bill.coote@bowne.com

    Media Contact:
    Pamela Blum
    Manager, Corporate Communications
    212-658-5884
    pamela.blum@bowne.com

    Bowne & Co., Inc.
    55 Water Street
    New York, NY 10041
    (212) 924-5500
    Fax: (212) 658-5871