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CIC and Signix Announce Collaboration to Advance Electronic Signature Technology for Key Target Mark
CIC and Signix Announce Collaboration to Advance Electronic Signature Technology for Key Target Markets Including Leading Insurance Carriers & Securities Firms
REDWOOD SHORES, Calif., and ATLANTA, Feb. 28 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation (BULLETIN BOARD: CICI) ("CIC"), the leading supplier of biometric signature verification and a leading supplier of natural input software and electronic signature solutions and Signix, Inc. ("Signix"), a leading digital signature solution company announced today that they have entered into a strategic alliance.CIC's technology adds biometric signature capture and verification to Signix's hosted Public Key Infrastructure ("PKI") solution in order to verify the user's identity as part of the electronic document signing process. Users can electronically sign documents making the approval process natural and intuitive. This technology ensures virtually tamper-proof security and is the most reliable, efficient and effective way to approve and process documents electronically.
"We are pleased to partner with CIC to offer a more complete electronic signature technology," stated Pem Guerry, President of Signix. "As the business world transitions from paper-based processes to digital processes, it requires enabling solutions to facilitate and expedite the transition. Signix enables online digital signatures using a browser, and our alliance with CIC is of great strategic value for customers by also allowing a physical signature to be electronically captured. When the customer is present to sign a document, we believe that using a signature pad or tablet PC would be a preferred and more natural alternative."
Enterprises that have fully implemented electronic document programs have experienced substantial annual savings in the processing of millions of electronic forms. Processing documents electronically significantly reduces the risk of human error and decreases processing time and costs dramatically. In addition, the streamlined process boosts customer satisfaction and retention.
"We are extremely pleased about this alliance. By combining our technologies, CIC and Signix will offer unparalleled solutions by providing the most trusted and secure form of transmission from point to point with actual verification of the user. Allowing our customers the benefits of electronic transactions and processing with secure electronic signatures, both online and face-to-face, opens markets well beyond our initial focus on insurance and securities applications," stated CIC's Chairman & CEO, Guido DiGregorio.
As part of the alliance both companies provided best-of-breed solutions for the National Association for Variable Annuities' ("NAVA") eSignature Proof of Concept. The goal is to implement an electronic document management system to reduce processing time, errors and costs, while improving both efficiency and effectiveness by replacing paper with a digital system for handling policies, contracts and other legal documents.
"Managing the paper blizzard of information related to a customer's account is a challenging, time-consuming and expensive task. Having a digital system in place and using electronic signature technology enables the insurance and securities industry to improve internal efficiencies and significantly reduce processing, printing, mailing and storage costs, by accessing client data electronically," stated Deb Tucker, Vice President of NAVA.
About CIC
Communication Intelligence Corporation ("CIC") is the leading supplier of biometric signature verification and a leading supplier of natural input software and electronic signature solutions focused on emerging, high potential applications including paperless workflow, handheld computers, smartphones and eTransactions, enabling the world with "The Power to Sign Online(R)". CIC's products are designed to increase the ease of use, functionality, and security of electronic devices and eBusiness processes. CIC sells directly to OEMs and Enterprises and has products available through major retail outlets and key integration/channel partners. Industry leaders such as Charles Schwab, Fujitsu, IBM, Oracle, PalmSource, Prudential, Siebel Systems, Siemens Medical Systems, Sony Ericsson, Symbol and TVA have licensed the company's technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com/
About Signix
Signix (http://www.signix.com/) is a digital signature solution provider headquartered in Atlanta, GA with offices in Chattanooga, TN. The Company's patent pending technology allows online visitors to a website to be rapidly authenticated and issued digital signing credentials, enabling them to apply legally-binding signatures to documents utilizing the browser from any PC. Signix offers an advanced implementation of PKI, or public key infrastructure, which makes this highly secure technology practical and cost-effective for a wide range of new applications.
About NAVA
NAVA (http://www.navanet.org/) is a not-for-profit trade association located in suburban Washington D.C. NAVA provides a variety of services to the industry including educational forums, research, and conferences aimed at furthering the development and understanding of fixed and variable annuities, income annuities and variable life insurance. NAVA also maintains and supports an educational website for consumers at http://www.retireonyourterms.com/
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes," "anticipates," "hopes," "intends," "expects," and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC, its logo and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
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