REDWOOD SHORES, Calif., Nov. 1, 2012 /PRNewswire/ -- Communication Intelligence Corporation ("CIC" or the "Company") (OTCQB: CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, today announced that a major U.S. financial services leader and current Company client with approximately a trillion dollars under management, integrated the electronic signature capabilities of CIC's iSign® Cloud service with its annuity sales technology platform.
"We are pleased to announce this expansion of the relationship with one of our longest-standing financial services clients," stated Robert Williams, CIC's Vice President, Sales. "With this new high-security integration, CIC is providing true straight-through processing for annuity contracts, making it faster, easier and significantly more cost efficient. There is no need to print paper, gather handwritten signatures, forward documents to different signers and return them for completion. Our client will benefit from reduced back-office expenses, ease of tracking the transaction status, full audit record of the signing process, reduction of errors and automated electronic delivery of the signed documents."
"The addition of the iSign® Cloud capabilities by this key client reflects the increasing adoption of Software-as-a-Service solutions in our target markets, where appropriate for the client's specific application," added Williams. "We expect this pay-per-transaction implementation to build upon the recurring part of our revenue stream, and is another example of our ability to efficiently and timely complete challenging enterprise integrations."
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at http://www.cic.com. CIC's logo and iSign® are registered trademarks of CIC.
Forward Looking Statements
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 customer purchases of the Company's solutions; (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.
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SOURCE Communication Intelligence Corporation