Press Releases and AnnouncementsDavid Corporation Celebrates 20 Years in 2004July 12, 2004 |
| San Francisco, CA – July 12, 2004 – DAVID Corporation has led the risk management information systems industry by
developing and supporting superior software products designed for self-insured,
self-administered organizations and third-party administrators (TPAs) since 1984. As an
industry leader, DAVID consistently offers flexible, powerful systems to handle multiple
lines of business including workers’ compensation, general liability, property and
casualty, automotive and marine claims. DAVID utilizes a solutions-focused, value driven approach to selling and servicing its clients. More than 300 Fortune 500 companies, municipalities and TPAs nationwide have selected DAVID to meet their information systems needs. A key element in the continuing development of Renaissance is the valuable feedback received from our clients. We incorporate the insights and recommendations of our clients into Renaissance to best meet the challenges that risk managers face every day. At DAVID, system development is just the beginning. We are committed to providing outstanding service and support to our clients. This pledge to client service is more than words, we provide our clients with a dedicated account manager to assist in installation and customization, on-site training and technical support. DAVID guarantees the support you need, when you need it, to simplify your claims processing and keep your Renaissance system optimized. About Platinum Equity Platinum Equity acquired DAVID Corporation in February 1997, refocusing its goals on providing excellent support service to its existing clients while simultaneously developing innovative new product lines in the expanding Windows environment. In mid-1998, DAVID leveraged Platinum Equity resources to develop and launch the first version of Renaissance, its Windows-based RMIS software. Duly impressed with the software’s exceptional architecture, user interface, and innovative client-server technology, the Chevron Corporation became the first of many leading companies to adopt the Renaissance system. Platinum Equity (www.platinumequity.com) is a global M&A&OSM firm specialized in the merger, acquisition and operation of mission-critical services and solutions companies. Since our founding in 1995, we have completed over 40 transactions, building a portfolio of 18 market-leading companies with 32,000+ employees, more than 600,000 customer sites and revenues of $5.5 billion. In 2003 Platinum Equity was named the 34th largest private company by Forbes.
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