MXI Security Recyclable Award Winning Portable Security Devices and CIC's Paperless Biometric and Electronic Signature Solution Offer a Sustainable
Approach to Security for Financial Services
REDWOOD SHORES, Calif. and MONTREAL, May 1 /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, and MXI Security(TM), the leader in providing superior managed portable security solutions, announced today that they have signed a strategic partnership agreement aimed at providing the first environmentally friendly portable electronic signature solution for the financial industry.
The two companies plan to leverage CIC's Sign-it(R) biometric and electronic signature product and, MXI Security's Stealth MXP(TM) Biometric Portable Security Devices and its ACCESS Enterprise(TM) device lifecycle management solution to enable financial services and government customers to benefit from a unique combination of strong authentication and non-repudiation for their daily operations.
"Organizations have long recognized the need for strong forms of authentication for critical applications," stated Guido DiGregorio, CIC's Chairman & CEO. "With this strategic partnership, CIC and MXI Security will provide customers with powerful protection and additional security while enabling the practical application of these devices for use in electronic signature applications affording the benefits of a paperless environment including significantly reduced costs and increased efficiencies."
MXI Security's technology provides a portable and manageable security platform that can host a wide variety of security applications. The ACCESS Enterprise management solution allows organizations to recycle their portable security devices and offers help-desk and recovery options. The driverless approach makes it inexpensive and easy to deploy the technology in a wide combination of network and security environments. A single MXP device can satisfy many of the security needs of an enterprise including strong authentication, public key cryptography for email signing and file encryption, easy provisioning of digital identities for network logins and single sign-on, as well as portable authentication for remote access. MXP devices are also ready for web services and federated digital identity systems with their capability for generating SAML tokens for WS-Trust claims based identity transactions.
CIC's Sign-it(R) products provide a multi-modal eSignature solution that enables organizations to sign documents and process transactions in virtually any environment, leveraging CIC's patented eSignature process. It provides the ability to quickly and easily configure various electronic signature methods including: click-to-sign, PKI, seals, biometric handwritten, voice and fingerprint, to fit the unique requirements of specific transactions.
"The addition of CIC's superior award winning biometric and electronic signature capabilities is an important step forward in extending the range of applications we can add value to with our Stealth MXP biometric devices," stated Lawrence Reusing, MXI's CEO. "Through our strategic partnership with CIC we will help customers effectively address their respective workflow automation needs beyond identity management with practical applications using a proven technology that has been deployed by the world's leading Financial Services Institutions."
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 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 tens of thousand 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
About MXI Security
MXI Security is the leader in providing superior managed portable security solutions designed to meet the highest security and privacy standards of even the most demanding customers. MXI Security solutions combine the power of secure storage with identity and access management services. Easy to manage and transparent to the end-user, MXI Security solutions enable organizations to satisfy multiple security needs with a single device, facilitating greater mobility without compromising security. For more information please visit http://www.mxisecurity.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
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|SOURCE Communication Intelligence Corporation|
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