Two of the Top-5 US Property & Casualty Insurance Companies Deploy CIC’s eSignature Server Solutions
REDWOOD SHORES, Calif., Jan. 13 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today that two leading providers of property and casualty insurance for auto, home and business have deployed CIC's SignatureOne(R) Ceremony(R) Server Solution to provide a completely paperless process for their customers.
The SignatureOne Ceremony Server is a J2EE server product that provides the capability to define and manage an electronic signature process within a Service Oriented Architecture to be implemented in an On-Premise Deployed Model or through a Software as a Service (SaaS) environment. This product enables the use of web services to pass documents and/or packages of documents and related data to a server that facilitates end-to-end management of multi-party approvals of documents, truly enabling the straight through processing of electronic forms.
"We are pleased that two of the top-5 US insurers chose CIC to fulfill their automation needs," stated Guido DiGregorio, CIC's Chairman & CEO. "The cost and time savings of doing business online are significant. CIC's electronic signature technology provides these leading insurers the final and essential step to easily migrate to a truly paperless environment. With their focus on full functioning, easily extensible and proven electronic signature technology, CIC was the natural choice for these leading insurance companies because of our extensive and successful track record of deployment in the financial services sector. We look forward to continuing the contributions our electronic signature technology is affording the insurance industry in meeting the challenges and market demands the industry is facing including sales process automation and enabling truly straight through processing of electronic forms."
About CIC
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AEGON, AIG, Charles Schwab, Prudential, Nationwide (UK), Snap-on Credit and Wells Fargo chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. 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
*In December 2008, CIC was named to Forrester Research's "Hot Banking Tech Companies To Watch in 2009" Report.
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.
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, SignatureOne, Ceremony and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information CIC Investor Relations & Media Inquiries: Chantal Eshghipour 650-802-7740 [email protected]
SOURCE Communication Intelligence Corporation
CONTACT: Chantal Eshghipour of Communication Intelligence Corporation, +1-650-802-7740, [email protected]
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