Leading International Financial Printing Firm Acquires Competitor to Expand Service Offerings; forms one of the world's largest financial communications companies
NEW YORK, March 10, 2017 /PRNewswire/ -- Toppan Vite, a leading international financial printing, communications and technology company, announced today the strategic acquisition of Vintage, a division of PR Newswire. Vintage provides regulatory compliance across capital markets, corporate services, and institutional and fund services.
"We're incredibly excited to be joining forces with Vintage," said Jeffrey Riback, President of Toppan Vite. "Vintage's clients and resources are now part of one of the largest financial printing companies in the world. We're proud to offer Vintage's clients our global financial printing and communications capabilities and enhance the firm's technology-based solutions for today and the future."
The acquisition expands the Toppan Vite global footprint and doubles the size of the company. Toppan Vite plans to make extensive investments into the business following the merger, focusing particularly on enhanced technology.
"Aligning with Toppan Vite will improve Vintage's business offerings for its clients, partners and employees," said Cision CEO, Kevin Akeroyd. "Combined with Vintage's hard-earned reputation for value and nimble service and Toppan Vite's global reach, first-class service offerings and exceptional technology, Toppan Vite will provide countless business advantages for its clients' most important financial moments. We are excited to continue our relationship with Toppan Vite, and to seamlessly deliver their newly combined offerings to our joint customers."
Vintage, formerly Vintage Filings, was founded in 2002 and acquired by PR Newswire in 2007. PR Newswire was acquired as part of the Cision group of companies in 2016. The terms of the deal are not being disclosed.
About Toppan Vite
Toppan Vite, a leader in financial printing and communications solutions, is part of the Toppan Printing Co., Ltd., the world's largest printing group, headquartered in Tokyo with approximately US $13 billion in annual sales. Toppan Vite has been a pioneer and trusted partner in the financial markets for three decades, serving the financial, legal and corporate communities with meticulous, responsive service and unparalleled local market expertise and capabilities. Toppan Vite's expanding U.S. operations deliver a hassle-free experience for mission-critical content for capital markets transactions, financial reporting and regulatory compliance filings, investment companies and insurance providers. Learn more at www.us.toppanvite.com.
Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact. As the creator of the Cision Communications Cloud™, the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence. Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact. Headquartered in Chicago, Cision serves over 100,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, Latin America and Australia. For more information, visit www.cision.com or follow @Cision on Twitter.
SOURCE Toppan Vite