CIC Signs Agreement With CSC to Extend Electronic Signature Solutions Into Multiple Platforms

REDWOOD SHORES, Calif., Aug. 4 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: CICI) 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 announced today that CSC (NYSE: CSC) a leading information technology services company has signed an agreement whereby CIC's full suite of electronic signature technology will be incorporated into Celeriti™, CSC's new end-to-end suite of modern enterprise banking, payments, lending, cards and merchant products as well as into certain components of CSC's extensive portfolio of insurance processing systems.  

Under the agreement, CSC will be able to provide the essential technology components to effectively serve large, medium and small organizations needing electronic signature capabilities.  From concept to execution, CSC focused on the core pillars of customer experience when selecting a partner. These included brand, customer interface, and innovation relative to its customers' needs for sales, customer retention, and the ability to cross sell.  Banks, and other financial services firms, can continue to look to CSC to help them modernize, run and maintain their systems and infrastructure to achieve their growth, stability, security and cost reduction objectives.

"Our banking industry clients are increasingly seeking electronic signature solutions," said John Dickson, President of CSC's Banking and Credit Services Division. "With this alliance, we have combined the experience of two market leaders to offer a more cost-effective, secure and efficient process for signing new loan applications, opening new accounts and fulfilling service requests."

As part of its IT modernization framework, CSC's vision for its new suite of Celeriti products, components and services includes the extension of critical components of its architecture through electronic signature.  CIC's SignatureOne® Ceremony® Server is the answer.  CIC's electronic signature technology is designed to enable a bank to grow and change with the times.  The need for incremental, staged business innovations and improvements that provide improved customer service through well designed processes, and innovative products are needed to foster growth in a stagnant economy, where cost reductions are the rule. 

"Innovation is the lifeblood of any company large or small seeking to introduce new ideas and products that ultimately improve our clients' ability to serve their customers and grow.  In this age of complex social media, mobile banking and payments, it was important for CSC to select a partner that could handle a multiplicity of implementation scenarios," said Paul Leadbetter, CSC's Global CTO for Banking and Credit Services Division.  "CSC recognized CIC as a leader in providing this critical component of its SOA architecture, providing connectivity that could be seamlessly branded across an entire enterprise to provide a consistent level of customer service and compliance."

"Teaming with CSC represents the next step in our continuous efforts to truly deliver end-to-end solutions and services to meet the diverse needs of financial services organizations," stated Guido DiGregorio, CIC's Chairman & CEO. "We are now able to offer the industry a complete hosted or on-premise solution and an automated process that results in greatly expedited response times. We look forward to working with CSC and to extending our electronic signature technology to enhance CSC's other financial services platforms."

"Electronic signature is a critical component of most modernized workflow environments.  CSC understands the need to offer flexibility, scalability, and adaptability in its integrated solutions," stated Beth Selling, CIC's Vice President, Channel Development & Partner Sales.  "CSC has the expertise and understanding of the banking and insurance systems, and the professional services and consulting organizations to assist in designing and implementing quality technology improvements.  CIC's technology coupled with CSC's new Celeriti framework technologies provides a powerful combination capable of addressing most paperless processing requirements for a modern financial services organization."

About CIC

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.  Fore 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.

**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.

About CSC

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World's Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 94,000 employees and reported revenue of $16.1 billion for the 12 months ended April 2, 2010. For more information, visit the company's Web site at www.csc.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, SignatureOne, Ceremony and the Power to Sign Online are registered trademarks.  All other trademarks and registered trademarks are the property of their respective holders.

SOURCE Communication Intelligence Corporation