REDWOOD SHORES, California and DUBAI, United Arab Emirates, December 17 /PRNewswire/ -- Communication Intelligence Corporation (CIC) , a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification and enTrust Title Ltd. (enTrust), the first escrow title conveyance services company in Dubai, announced today that they have entered into a strategic partnership to integrate CIC's electronic signature verification software with the enTrust Title Enterprise (enTTE) System and provide that solution as Software as a Service (SaaS) and jointly promote each other's product offerings.
Under the terms of the agreement, CIC is providing its industry proven electronic signature technology to perform biometric verification of handwritten signatures on enTrust's enTTE system, an enterprise system SaaS platform to eliminate misrepresentation and provide additional layers of security for title and escrow transactions. The combined offering will be available and support multiple hosts in multiple countries enabling real-time verification of biometric signatures and the binding of signatures to the documents with enTrust Title documents.
We chose CIC because of its established leadership position in the industry, strong, successive track record and expertise in biometric and electronic signature solutions, stated Aziz Valliani, Founder, Chairman CEO for enTrust. Incorporating CIC's eSignature technology into our product offerings provides an effective, secure, simple and convenient method of facilitating the enormous and sometimes daunting task of buying or selling and renting real estate and other investment opportunities in this region.
In response to the challenges of the real estate market, enTrust's solution offers protection to the buyer, seller, landlord and tenants. The issues of legal ownership, authority to enter into contract, registration of deed, misrepresentation, financial disclosures, and non-availability of documents in time for a resale, are resolved when using the enTrust's Escrow Services.
Our partnership with enTrust, pioneering the first escrow services company in Dubai, delivers a winning combination of safety, speed and simplicity and creates an unrivalled functionally rich system mitigating financial risks to the buyer, tenant and/or the lender, state CIC's Chairman CEO, Guido DiGregorio. We are confident that this combined offering will significantly improve the transfer of property in the region for foreign investors as well as UAE citizens. Further, we believe our technology and this partnership with enTrust positions CIC for a leadership role in the evolving Middle East real estate market for legally binding and secure land and real estate transactions.
enTrust and Title is the first Escrow Title Conveyance Services Company in Dubai, UAE. It is licensed and recognized by RERA and the Dubai Land Department. enTrust Title group of companies provides state-of-the-art technology tools and services for Brokers, Agents, Developers, Attorneys and Financial Institutions to provide simple and expeditious settlement services. The Company retains a team of highly skilled professionals from USA who have over 100 years of cumulative experience in handling complex real estate, commercial, business and personal property transactions. Operating out of Dubai Internet City, its parent Company has developed technologies to make the transaction process cost effective and improve the quality of service with increased transparency to enhance client confidence and at the same time reduce operational overhead. For more information please visit our website at http://www.entrusttitle.com/ENTTE/StaticPages/Home.aspx
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, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wachovia, 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 (http://www.cic.com/Apps/PRDetails.aspx?id=299).
**In October 2007, CIC was awarded the 2007 Global Frost Sullivan Award for Market Leadership (http://www.cic.com/news/awards/2007GlobalFrostNSullivanAward.pdf) in the dynamic signature verification market.
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 +1-650-802-7740 email@example.com enTrust Title Media Inquiry: Aziz Valliani +971-04-434-5730 firstname.lastname@example.org
SOURCE: Communication Intelligence Corporation