REDWOOD SHORES, Calif., and EXTON, Pa., Nov. 24 /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 it has formed an alliance with iPipeline, a leader in on-demand software that supports marketing, selling, and processing solutions for the nation's top insurance carriers, distributors and producers. Under the alliance, the two companies are providing a combined offering to a leading provider of comprehensive life insurance products, for a variety of wealth management needs. This initial application is exclusively provided to a top-5 US insurer.
Under the terms of this agreement, CIC will provide iPipeline with its industry proven electronic signature technology. The CIC products provide real-time eSignature capture, verification, and binding as well as the ink display and encryption technologies for iPipeline's wizard-based iGO Forms Platform. iPipeline's iGO Platform is an intelligent fillable forms solution being deployed for a leading life insurance product provider's high-net-worth life insurance customers. This Web-based service offers rapidly accessible product information, rate quote and application forms. The combined capabilities enable validation of completed forms, accuracy of the information provided, and an electronic approval process, and access to all of this information in the client systems without the significant expense and delays associated with the traditional paper-based process.
"With our focus on full functioning, easily extensible and proven electronic signature technology, CIC is an excellent choice for us because of its successful track record in the financial services sector," said Tim Wallace, CEO of iPipeline. "The cost and time savings realized through straight through processing are significant. CIC's electronic signature technology provides the final and essential step to easily migrate to a truly paperless environment. Our combined offering provides our customers with a safe, secure and convenient experience."
"When leading insurance companies select and deploy our electronic signature solutions, it validates the confidence in CIC and its products that we strive for," stated Guido DiGregorio, CIC's Chairman & CEO. "We see a significant trend among carriers towards integrating forms with eSignature. We look forward to continuing our work with iPipeline to support its current and future product and customer needs, the goal of which is to enable straight through processing of electronic forms and the ultimate objective of a truly paperless process."
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/WFG, 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
iPipeline leads its industry in providing the next-generation suite of sales distribution software to the insurance and financial services markets as an on-demand service. iPipeline's channel solutions for carriers, distributors, and agents includes comprehensive forms, illustrations, and content enabling the industry to market, sell and process insurance faster with 100% accuracy. iPipeline provides agents everything they need to make a sale by aggregating over 125 insurance companies, 850 distributors, and more than 400,000 agents in a single, Web-based network.
iPipeline's simple, intuitive system integrates directly with nearly 1,000 Websites including the industry's largest banks, broker-dealers and insurance distributors on a subscription-based model. This integrated approach enables insurance companies to automate sales distribution, eliminates point-of-sale mistakes, and streamlines the issuing of insurance policies. With headquarters in Exton, Pennsylvania, iPipeline has offices in Georgia, North Carolina and Wisconsin. For more information, please visit: http://www.ipipeline.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, Ceremony, Sign-it 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 firstname.lastname@example.org iPipeline Michael Persiano Vice President Marketing email@example.com 484-348-6555, x479
|SOURCE Communication Intelligence Corporation|
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