iSIGN And CEGEDIM Agree To EU Exclusivity
REDWOOD SHORES, CA, January 25, 2016 – iSign Solutions Inc. (“iSIGN”) (OTCQB: ISGND), a leading supplier of electronic signature and other software solutions enabling secure, cost- effective and paperless management of contracts and other document-based transactions, today announced an amendment to its license agreement with European partner Cegedim S.A. (“Cegedim”) (EURONEXT: CGM). Under the terms of the amendment, iSIGN will be Cegedim’s exclusive provider of electronic signature and related software, and Cegedim will be iSIGN’s exclusive reseller in 32 countries, mainly in the European Union.
“iSIGN has enjoyed a multi-year partnership with Cegedim and has fully integrated our electronic signature software with some of their key product and service offerings,” said Philip Sassower, co-chairman and chief executive officer for iSIGN. “Our technology is currently being used in commercial production environments by several Cegedim clients in Europe. They and we expect increasing partnership revenue as a consequence of Cegedim’s substantial go-to-market efforts. Both companies had been operating on a mutually exclusive basis, and we both feel that this is the right time to formalize our exclusivity as we enter what we believe to be an exciting period of growth.”
“iSIGN has played a key role both in providing its software technology and in supporting our efforts to establish our joint solution as the de facto leader in Europe for electronic signatures, payment solutions and dematerialization for enterprise customers,” said Jean-Marie Simon, director for Cegedim Global Payments. “We have made a significant investment in this initiative in the belief that Europe is about to witness rapid acceptance of e-signature and related solutions – similar to what is currently happening in the United States. Our strategy has been to establish reference accounts with major companies and governmental organizations. We are currently under contract with marquee names in the pharmaceutical, insurance, banking, real estate, industrial, government and service sectors, and are witnessing increases in new contracts signed, clients in production and the number of processed transactions alike. We look forward to a productive future for the benefit of both iSIGN and Cegedim.”
iSIGN and Cegedim’s partnership initially focused on helping enterprises migrate their systems to the Single Euro Payments Area (“SEPA”), the European Union's initiative aimed at harmonization of member state money transfer systems. Cegedim's innovative MA€A software suite has been rolled-out by more than 200 major European companies to handle SEPA-compliant debit transactions. Many of these companies are now in the process of activating MA€A’s e-signature capabilities. In 2014, the partnership expanded to offer a new solution (CG Pay) that seamlessly handles 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 and reduces its cost structure.
iSIGN (formerly known as Communication Intelligence Corporation or CIC) is a leading provider of digital transaction management (DTM) software enabling fully digital (paperless) business processes. iSIGN’s solutions encompass a wide array of functionality and services, including electronic signatures, simple-to-complex workflow management and various options for biometric authentication. These solutions are available across virtually all enterprise, desktop and mobile environments as a seamlessly integrated software platform for both ad-hoc and fully automated transactions. iSIGN’s software platform can be deployed both on-premise and as a cloud-based service, with the ability to easily transition between deployment models. iSIGN is headquartered in Silicon Valley. For more information, please visit our website at www.isignnow.com. iSIGN’s logo is a trademark of iSIGN.
Founded in 1969, Cegedim is an innovative technology and services company in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs almost 3,500 people in 11 countries and generated revenue of €494 million in 2014. Cegedim SA is listed in Paris (EURONEXT: CGM). To learn more, please visit www.cegedim.com and follow us 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.
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