NEW YORK, N.Y. (July 30, 2008) - The Hertz Corporation (NYSE: HTZ) has selected Océ Business Services to provide global document process outsourcing services to support Hertz’s efficiency improvement and reengineering initiatives.
"Our ongoing commitment is to be the lowest cost, highest quality and most customer-focused company," said Mark P. Frissora, Hertz’s chairman and chief executive officer. "We have selected Océ Business Services as the best means to help us improve efficiency, quality, and service worldwide."
John Thomas, executive vice president, global supply chain at Hertz added, "Partnering with Océ Business Services will enable Hertz to contain costs and adapt greater efficiencies throughout the organization. We’ll also be able to leverage Océ’s extensive Six Sigma® expertise and methodologies to improve our operational performance and integrate best practices into our document management processes."
Océ will provide a range of services that span the document lifecycle (creation through disposal). These services include mail management; document imaging; print/copy management, records management and storage; and multi-function device (print/copy/fax/scan) fleet management.
"We are pleased to be associated with Hertz, one of the world’s largest and most respected brands," said Joseph R. Marciano, president and CEO of Océ Business Services. "This global agreement will apply our document management services and technology to help Hertz achieve its reengineering and efficiency enhancement goals as well as improve its document processes across a variety of operational areas."
About the Hertz Corporation
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand, operating from approximately 8,100 locations in 147 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, Asia, and the Middle East. Product and service initiatives such as Hertz #1 Club Gold, Hertz NeverLost® customized, onboard navigation systems, SIRIUS Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation (www.hertzequip.com), offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers through more than 360 branches in the United States, Canada, France and Spain.
About Océ Business Services
Océ Business Services, Inc. is one of the world's leading providers of document process management services and technology to law firms, corporations and the public sector. Its spectrum of managed solutions spans the document lifecycle. These include print/copy, fleet, mail services, Six Sigma®-based performance management, records management and eDiscovery. Océ Business Services is one of the most experienced providers of eDiscovery, paper discovery, forensics and web-based review services for complex litigation and regulatory compliance matters. Océ Business Services' integrated capabilities allow it to serve enterprise-wide requirements with advanced technology, people and processes. By enabling organizations to manage and control document assets, Océ helps reduce costs, increase efficiency, mitigate risk and introduce innovation. To learn more, visit www.obs-innovation.com.
About Océ
Océ N.V. is a leading international provider of digital document management technology and services. The company’s solutions are based on Océ’s advanced software applications that deliver documents and data over internal networks and the Internet to printing devices and archives -- locally and around the world. Supporting the workflow solutions are Océ digital printers and scanners, considered the most reliable and productive in the world. Océ also offers a wide range of display graphics, consulting and outsourcing solutions.
Océ employs around 24,000 people, with 2007 revenues of approximately $4.6 billion, operates in more than 90 countries and maintains research and manufacturing centers in the Netherlands, the United States, Canada, Germany, France, Belgium, the Czech Republic, Romania and Singapore. Océ North America is headquartered in Trumbull, CT, with additional business units in Chicago, IL; New York City; Boca Raton, FL; Salt Lake City, UT; Coventry, RI; and Vancouver, BC. North American revenues represented approximately half of Océ’s worldwide business in 2007, and employment is currently 11,000. For more information about Océ, visit www.oceusa.com. Outside the U.S., consult www.oce.com.