DST Announces Sale Of UK Customer Communications Business To Paragon Group

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.

About 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:
John Riley
DST Chief Marketing Officer, Communications and Investor Relations
1-816-435-1000

Media Contact:
Laura M. Parsons
DST Global Public Relations
1-816-843-9087
[email protected]

Safe Harbor Statement

Certain material presented in the press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, (i) all statements, other than statements of historical fact, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future or that depend on future events, or (ii) statements about our future business plans and strategy and other statements that describe the Company's outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. Whenever used, words such as "may," "will," "would," "should," "potential," "strategy," "anticipates," "estimates," "expects," "project," "predict," "intends," "plans," "believes," "targets" and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. Factors that could cause results to differ materially from those anticipated include, but are not limited to, the risk factors and cautionary statements included in the Company's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this press release to reflect new information, future events or otherwise.

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SOURCE DST Systems, Inc.

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