St. Charles, Illinois-based Diamond Marketing Solutions (DMS) has acquired BIT Statement Processing, a statement processing company located in Renton, Washington; as well as BIT Presort of Kent, Washington and Secured Data Services (SDS) of San Diego, California. DMS is an end-to-end partner in the creation, production, and deployment of data-driven, highly personalized communications in print and digital response media. Serving clients from a wide range of industries, DMS delivers targeted, relevant, accurate, and dynamic solutions in critical communications, direct marketing, and fulfillment. DMS specializes in highly secure, dynamic, and personalized communications through statements, invoices, legal notices, credit notifications, IRS forms, and other critical documents.
Together with BIT Presort and SDS, BIT Statement Processing has been a leader in custom statement designs, while enabling comprehensive drill down marketing. Focused on servicing the needs of Credit Unions Nationally, BIT specializes in personalized statement solutions as well as a customized web based software application for delivering secure estatement communications. Located in Washington and California, the addition of BIT Statement Processing, BIT Presort, and SDS to the DMS family greatly expands the DMS footprint to provide even more solutions to National financial services companies in the critical communications arena. This acquisition brings DMS to annual revenues of $70,000,000 across 6 locations in 4 States with 500,000 sq. ft. of production capacity and 500+ employees.
“The addition of BIT Statement Processing, BIT Presort, and SDS is very exciting for us. Their sophistication and experience in estatement communications allows us to build on the promise of offering seamless, end-to-end data driven and critical communication solutions to our clients,” DMS’ chief executive officer Mark Peterson said in announcing the acquisition. “BIT Statement positions DMS solidly at the intersection of critical communications and marketing messaging, adding new capabilities and talent to help take us—and our clients—to the next level. In addition, BIT provides integration with social media components such as interactive links and video streaming, and has been able to capture the customer’s personal experience, online, with warm visual messaging and dialogue with real people through a blending of technology and media tools.” Peterson said.
“Joining DMS is a win-win situation for everyone, most importantly, our clients,” said Mark Selland who now becomes President of West Coast Operations and will be an integral member of the Diamond Marketing Solutions executive management team. “The combination fills voids in both companies and allows BIT Statement to continue to provide exceptional financial communications online and in print for our clients, while answering their requests of expanded services including a full-suite of dynamic personalization and transpromotional marketing and fulfillment capabilities.”
BIT Statement will remain in its state-of-art location at 710 SW 34th Street, Renton, Washington, and will become known as BIT Statement Processing, a Diamond Marketing Solutions Company. The current staff will remain with the company, continuing to provide exceptional data driven communication services.