KANSAS CITY, MO, May 4, 2017 /PRNewswire/ - DST Systems, Inc. (NYSE: DST), a leading global strategic advisory, technology, and operations outsourcing company today announced that it has completed the sale of its UK Customer Communications (CCUK) business to Paragon Group Limited. Paragon is one of Europe's leading providers of Customer Communications and Identification services.
Steve Hooley, Chairman, CEO, and President of DST said, "We believe it is in the best interest of our shareholders, clients, and associates to sell the UK Customer Communications business to a company that is committed to providing the ongoing investment and support required for its success. We believe that Paragon is the right fit for our UK Customer Communications business as it is well positioned to support clients' requirements for communications across the UK and Europe."
The transaction concludes DST's presence in the customer communications market. The company expects to fully realize the opportunities within its core Financial Services and Healthcare segments and continue driving long-term growth and value creation at DST.
DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. DST enables clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalize on ever-changing customer, business, and regulatory requirements in the world's most demanding industries. For more information, visit the DST website at www.dstsystems.com.
Investor Relations Contact:
DST Chief Marketing Officer, Communications and Investor Relations
Laura M. Parsons
DST Global Public Relations
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