Cegedim and CIC Expand EU Partnership
29 Janeiro 2015 - 12:23PM
Communication Intelligence Corporation ("CIC") (OTCQB:CICI), a
leading supplier of electronic signature and other software
solutions focused on the paperless, secure and cost-effective
management of document-based transactions, today announced the
expansion of its partnership with Cegedim SA ("Cegedim")
(EURONEXT:CGM), a global technology and services company and a
leader in electronic invoicing, global payments and
dematerialization (the removal of paper-based processes).
In an agreement signed earlier this month, the term of the
partnership has been extended for a minimum of five years. Also,
the license grant has been expanded from electronic signature
solutions sold on a standalone basis and applied to Single Euro
Payments Area ("SEPA") debit and credit mandates. Now included is
the management and authentication of end-to-end digital transaction
management solutions that seamlessly handle payment transactions
from the issuance of purchase orders and invoices to scheduling and
fulfillment of payment. This workflow process improvement
dramatically increases the velocity of the customer's cash
cycle.
"CIC has been instrumental in Cegedim's ability to deliver fully
digital workflow solutions to our client base," said Jean-Marie
Simon, director for Cegedim Global Payments. "Our product and
service offerings leverage CIC's highly secure, flexible and
powerful solutions for electronic signatures, as well as for
routing, authentication and other key workflow elements. We are
witnessing increased demand for our joint solutions and expect
business to accelerate over the next several quarters and into next
year."
Current deployments in production include standalone use of
electronic signatures by a leading global pharmaceutical company
and SEPA mandate processing by an international engineering
services group, as well as by several mutual insurance companies.
Cegedim has also signed a number of contracts that are expected to
go into production in the next few quarters, including ones with a
financial institution specializing in payment solutions and
consumer credit, a leading equipment rental company, a major
European pharmaceutical company and a global wholesale trader in
tools, equipment and other hardware, among others.
"All the hard work and investment by both Cegedim and CIC over
the past three years is developing into market traction," said
Philip Sassower, chairman and chief executive officer for CIC.
"Cegedim selected CIC as its technology partner given our
software's proven ability to handle enterprise-level, highly
scalable workflow management and authentication solutions that are
used by leading financial institutions in the United States to
process hundreds of millions of annual transactions. We are very
excited that our combined efforts and market leading solutions will
lead to revenue in the current quarter. We believe that future
sales from this high transaction volume opportunity will
accelerate, driven by the above described existing relationships,
SEPA and the interest by French and other European companies in the
powerful blending of digital transaction management and electronic
signature solutions."
ABOUT CIC
CIC is a leading provider of digital transaction management
(DTM) software enabling the paperless management of document-based
transactions. CIC's solutions encompass a wide array of
functionality and services, including electronic signatures,
biometric authentication and simple-to-complex workflow management.
These solutions are available across virtually all enterprise,
desktop and mobile environments as a seamlessly integrated platform
for both ad-hoc and fully automated transactions. CIC's platform
can be deployed both on-premise and as a cloud-based service, with
the ability to easily transition between deployment models. CIC is
headquartered in Silicon Valley. For more information, please visit
our website at www.cic.com. CIC's logo is a trademark of CIC.
ABOUT CEGEDIM
Founded in 1969, Cegedim is a global technology and services
company specializing in the healthcare field. Cegedim supplies
services, technological tools, specialized software, data flow
management services and databases. Its offerings are targeted
notably at healthcare industries, life science companies,
healthcare professionals and insurance companies. The world leader
in life sciences CRM, Cegedim is also one of the leading suppliers
of strategic healthcare industry data. Cegedim employs 8,000 people
in more than 80 countries and generated revenue of €902 million in
2013. Cegedim SA is listed in Paris (EURONEXT:CGM). To learn more,
please visit: www.cegedim.com, and follow Cegedim on Twitter
@CegedimGroup.
FORWARD LOOKING STATEMENTS
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 customer purchases of the Company's
solutions; (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.
CONTACT: CIC
Investor Relations and Media Inquiries
Andrea Goren (+1.650.802.7723; agoren@cic.com)
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