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Under the terms of the agreement, CIC will provide PurplePace with its industry proven electronic signature technology to streamline workflow and thereby achieve the significant efficiencies that result from a fully automated system for Government and Private Sector contracting, with specific focus on meeting standards for Government compliance and audit requirements. This agreement is focused on transitioning the paper-intensive Government acquisition process into streamlined eGovernment contracting workflow using CIC's electronic signature technology which will allow companies that serve the Government to enhance and speed-up the ability to do business while reducing the overall cost and providing more flexible options in contracting. "Consistent with the requirements of doing business with the Federal government and our private sector clients, this partnership is designed to improve efficiency, increase transparency, and strategically align with federal and industry policies and guidelines for electronic commerce," stated Omar Maden, CEO of PurplePace. "The joint solution is designed with technology standards in mind that will provide improved interoperability across a broad spectrum of government agencies, enabling greater collective bargaining power and cross utilization of services." CIC's eSignature solutions have provided documented ROI and are proven to meet the requirements of the most demanding and successful firms in the industry as well as affording top tier software solution providers the opportunity to meet the need to deliver electronic signature based solutions which enhance the customer experience while providing an exceptional competitive advantage. "Through this partnership, we are delighted to be working with a Government-focused solution provider on several projects," stated CIC's Chairman & CEO, Guido DiGregrorio. "The benefits of our electronic signature technology are highly applicable to PurplePace's Government and Private Sector applications and we look forward to gaining traction in this industry sector through a partner with a very clear focus and track record of achievement." 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 AGLA, Allstate, American Family, Bank of America, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wells Fargo and WFG (World Financial Group) 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. About PurplePace International, LLC PurplePace International, LLC is a management consulting and information technology (IT) solutions provider that serves the global needs of the private and public sectors. Our services effectively reduce your cost of operations by consolidating all business functions into a virtual environment that is customizable and scalable to the mission. For more information about PurplePace and our services, visit our website at www.purplepace.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 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
investorrelations@cic.com
PurplePace International, LLC
Media Inquiries:
Claudine Collette
703-769-4555
ccollette@madentech.com
SOURCE CIC Communication Intelligence Corporation http://www.cic.com For full details for CICI click here.
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