iSIGN and Cegedim Agree to EU Exclusivity
January 25 2016 - 9:23AM
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.
ABOUT iSIGNiSIGN (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.
ABOUT CEGEDIMFounded 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 STATEMENTSCertain 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.
Contact Information:
iSIGN
Investor Relations and Media Inquiries:
Andrea Goren
+1.650.802.7723
agoren@isignnow.com
Cegedim (EU:CGM)
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