CIC and enTrust & Title Partner to Provide Cutting Edge eSignature Solution to the Real Estate & Mortgage Industry in the Middle East
By Communication Intelligence Corporation, PRNEWednesday, December 16, 2009
First Escrow & Title Company to Provide Electronic Signature in Dubai
REDWOOD SHORES, California and DUBAI, United Arab Emirates, December 17 - 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 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."
About enTrust
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
www.entrusttitle.com/ENTTE/StaticPages/Home.aspx
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, 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 www.cic.com
*In December 2008, CIC was named to Forrester Research's "Hot Banking
Tech Companies To Watch in 2009" Report
(www.cic.com/Apps/PRDetails.aspx?id=299).
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award
for Market Leadership
(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 investorrelations@cic.com enTrust & Title Media Inquiry: Aziz Valliani +971-04-434-5730 info@entrusttitle.com
Investor Relations and Media, Chantal Eshghipour of CIC, +1-650-802-7740, investorrelations at cic.com, or media, Aziz Valliani of enTrust & Title, +971-04-434-5730, info at entrusttitle.com
Tags: california, California And Dubai, Communication Intelligence Corporation, Middle East, Redwood shores, united arab emirates