CIC Chooses MGS as Exclusive Reseller to Achieve eSignature Growth Objective in the Middle East
REDWOOD SHORES, Calif., Dec. 6, 2010 /PRNewswire/ -- (OTC Bulletin Board: CICI) Communication Intelligence Corporation ("CIC") the leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification announced today the appointment of MGS, certified reseller partner of OpenText and a leading provider of IT consulting and implementation services, as exclusive master distributor of CIC's full suite of electronic signature products with responsibility for establishing optimal distribution channels within the Middle East.
This appointment is to satisfy a number of key business-related drivers in the Middle East market such as regulatory compliance to manage content, security, improving administrative efficiencies and providing an end-to-end total solution as part of an overall infrastructure upgrade for a wide range of sectors including government, oil & gas, financial services and healthcare.
"MGS is recognized as an important player in the Middle East and therefore we are pleased to announce this extended agreement and we look forward to their increasing contributions as our master distributor to leverage the emerging eSignature growth potential in the Middle East," stated Guido DiGregorio CIC's President. "As a master distributor, MGS is authorized to sell CIC's full suite of eSignature solutions both directly and through its network of sub-resellers, which, when combined, serve as a diverse customer base in terms of size, industry and geography thus significantly increasing our presence in these markets."
"CIC's portfolio of eSignature solutions will play a major role in achieving our objective of increased market penetration and revenue growth," stated Assem Rashidi, MGS' Executive Manager. "CIC's proven technology will complement and enhance the effectiveness and efficiency of the solutions we provide to both our direct enterprise customers as well as our integration partners."
Communication Intelligence Corporation's (CIC) products enable companies to achieve truly paperless work flow in their eBusiness processes by providing multiple signature technologies across virtually all applications in SaaS (Software as a Service) and fully deployed on-premise delivery models. CIC based solutions afford Straight through Processing (STP) which delivers increased revenue generation by enhancing the customer experience and significant expense reduction through paperless and virtually error free electronic transactions.
Industry leaders such as AGLA, Allstate, American Family, Charles Schwab, JP Morgan Chase, Nationwide (UK), 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 millions of end users, with over 500 million electronic signatures captured, eliminating the need for over a billion paper documents. 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.
MGS is an IT company established in 1992. MGS is a leading Enterprise Content Management (ECM) provider in the Middle East. MGS operates through enterprise and business solutions i.e. turnkey projects, complex systems development and integration and strategic planning and consulting services. For more information about MGS, please visit www.mgs-tech.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.
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