Evergreen Agreement Minimum Term Extended to January 2029
SAN JOSE, CA / ACCESSWIRE / October 23, 2019 / iSign Solutions Inc. ('iSIGN') (OTC PINK:ISGN), 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 the extension of its partnership with Cegedim SA ('Cegedim') (EURONEXT: CGM), an innovative technology and services company and a leading European player in electronic invoicing, global payments and the digitization of paper-based business processes across all business sectors.
In an agreement signed earlier this month, the minimum term of the exclusive partnership between Cegedim and iSIGN has been extended for an additional three years to January 2029. The electronic signature technology provided by iSIGN is fully integrated in a number of Cegedim solutions and is currently in production with several major European-based companies. These integrations enable Cegedim to provide both standalone e-signature solutions and to power a groundbreaking electronic payment service that seamlessly handles transactions from purchase orders and invoices to scheduling and fulfillment of payments.
'Over the past several years, iSIGN has worked closely with Cegedim to integrate electronic signatures into a number of our key market offerings and to deliver custom solutions for some large corporations,' said Jean-Marie Simon, director of global payments for Cegedim. 'Since initial rollout in 2016, we have tripled the transaction volume for our joint offering in each subsequent year, and we are on track for continued growth moving forward. Based on our contracted user base we expect to experience significant acceleration in the number of transactions commencing in 2020.'
'We are extremely pleased with our relationship with Cegedim, the leading European e-invoicing network,' said Philip Sassower, co-chairman and chief executive officer for iSIGN. 'Cegedim and iSIGN share the view that the expansion of e-signature in Europe is gaining momentum and we look forward to our mutual financial success over the coming years.'
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 more than 4,500 people in more than 10 countries and generated revenue of €468 million in 2018. Cegedim SA is listed in Paris (EURONEXT: CGM). To learn more, please visit: www.cegedim.com, and follow Cegedim on Twitter @CegedimGroup, LinkedIn and Facebook.
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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