KANSAS CITY, MO., November 10, 2009: DST Technologies, Inc., a provider of business process management solutions to the financial services and brokerage industries, and Miningham & Oellerich, Inc. (M&O), an enterprise data solutions provider for institutional broker-dealers, banks and insurance companies, today announced they have formed a strategic relationship for the purpose of jointly marketing their solutions to better serve clients in the broker-dealer industry.
Working collaboratively, DST Technologies and M&O will each deliver its own solution designed to help performance oriented broker-dealer organizations improve productivity, quality and unit cost management. In the initial collaborative implementation of their respective solutions, the client saw improvements in its processing time for new account transactions of 200 percent.
About DST Technologies, Inc.: DST Technologies, Inc. is a wholly owned subsidiary of DST Systems, Inc. Through sophisticated information processing and computer software services and products, DST Technologies helps clients improve productivity, increase efficiencies and provide higher levels of customer service. For clients in a variety of industries, including mutual funds, brokerage, healthcare, insurance, and video/broadband, AWD has helped reduce the cost of operations while increasing the speed and accuracy of business processing and customer service through business process management technology. For more information about AWD, visit www.dstawd.com.
About Miningham & Oellerich, Inc.: Miningham & Oellerich, Inc. enables clients to achieve and sustain breakthrough continuous improvements in service, operational costs, and performance by providing contemporary and adaptive technology solutions and sales productivity tools all on one platform or in concert with clients existing technology assets. Our solutions are delivered through professional consulting services by a dedicated staff and experienced management team that assures our products excel amid the constant evolution of technology, business practices and regulation. Our flagship product, the Serve Me! Suite, is a robust tool for home office personnel that provides a myriad of capabilities. M&Os systems are integrated with all major industry clearing providers. For more information, please call 212.542.4300 or visit www.serveme.com.
The information and comments above may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DSTs views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DSTs latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.