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First Escrow & Title Company to Provide Electronic Signature in Dubai
REDWOOD SHORES, Calif. and DUBAI, UAE, - 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 http://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®" 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.
Contact Information
CIC
Investor Relations & Media Inquiries:
Chantal Eshghipour
650-802-7740
investorrelations@cic.com
enTrust & Title
Media Inquiry:
Aziz Valliani
+ 971-04-434-5730
info@entrusttitle.com