Communication Intelligence Corporation ("CIC") (OTC BB: CICI), a leading supplier of electronic signature solutions for the Financial Industry and the recognized leader in biometric signature verification announced today that it has completed a licensing agreement with Oracle Corporation (Nasdaq: ORCL) for CIC's complete SignatureOne(TM) suite of biometric and electronic signature products for Oracle's Siebel Handheld for Pharma and Siebel Handheld for Service products.
CIC's products provide financial institutions and their solution providers the ability to streamline signature based business processes and to meet legal, compliance and non-repudiation challenges. The products include a great deal of flexibility in providing biometric handwritten signatures and the ability to deliver CIC's best practice eSignature process with alternative signature types such as: click-wrap, passwords, voice, fingerprint and PKI, through a common architecture and methodology.
"We are pleased with the enhanced functionality and value that we have already passed on to our customers by utilizing CIC's eSignature technology within our Mobile CRM platform," said Guy Waterman, Senior Director of Mobile CRM Products for Oracle. "With these products, we look forward to enhancing our offerings that require electronic signatures and additional forms of authentication, thereby expanding our capabilities for truly paperless processing within Oracle's enterprise solutions."
"With the growing demand for eSignatures in the modern enterprise, we are focused on establishing and expanding our relationships with industry leading partners with the expertise and resources to provide complete vertical market solutions that can leverage our technology," commented Joe DePaola, Vice President World Wide Sales for CIC. "We look forward to the opportunity to work with the world's largest enterprise software company to determine where greater use of our technology can help provide the value added capabilities of biometric and electronic signatures for its clients."
CIC's SignatureOne suite includes its SignatureOne Server, Sign-it(R), and iSign(R) software. CIC's SignatureOne Server provides user authentication, profile administration and transaction receipts. Sign-it and iSign provide shrink-wrapped application plug-in as well as developer tools for the integration of signatures into complex enterprise architectures and custom applications. CIC's technology supports a common process and methodology to provide a uniform program interface for multiple signature methods and multiple signature capture devices, simplifying enterprise-wide integration of business process automation tasks requiring eSignatures, and virtually eliminating the need for paper copies and ink signatures.
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. Industry leaders such as AIG, Charles Schwab, Prudential, Nationwide (UK) and Wells Fargo chose CIC's products to meet their needs. 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 .
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.
NOTE: CIC, its logo and the Power to Sign Online are registered trademarks. Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. All other trademarks and registered trademarks are the property of their respective holders.
Contact: Investor Relations Inquiries, Chantal Eshghipour of CIC, +1-650-802-7740, or investorrelations@cic.com.