TIDMSNS

RNS Number : 6766Y

Silanis International Limited

30 December 2010

 
 RNS release   30 December 2010

Silanis International Limited (the "Company")

announces top 5 P&C insurance company chooses Silanis' e-Sign Enterprise Platform

The Company (AIM: SNS) is pleased to announce that a leading P&C insurance carrier has chosen Silanis Technology Inc. ("Silanis") for its e-signature requirements across all personal lines of business.

The win was awarded after an extensive competitive evaluation that focused on proven implementation experience, solution reliability and scalability across enterprise applications.

Silanis' e-signature platform met the leading insurer's requirement for a single solution for its distribution channels including online and call center. The enterprise e-signature platform will allow the insurer to provide the convenience and efficiency necessary to deliver consistent exceptional service to its customers regardless of the channel.

"With a customer base of over 10 million and growing, this insurer required a solution that could reliably scale to support millions of transactions annually," said Tommy Petrogiannis, CEO and co-founder of Silanis. "Silanis' e-Sign Enterprise Platform has already been implemented with adoption rates over 90% by three other leading P&C personal lines carriers".

Silanis and its e-Sign Enterprise Platform(TM) (formerly ApproveIt Web Server) meet these requirements by providing the organization with a highly customizable solution that supports its call centre and web channels. The platform will scale with the insurer's e-signing needs, while reducing the time, cost and complexity of porting new applications to the system.

E-Sign Enterprise Platform addressed another of the insurer's top requirements - a secure technology that helps mitigate legal and compliance risks. Silanis exceeds this requirement by enforcing business rules throughout the transaction and recording the entire transaction from start to finish, producing the strongest and most reliable legal evidence and audit trail.

For further details, please contact:

 
 Silanis International Limited          Tel: +1 514 337 
  Tommy Petrogiannis, Chief Executive    5255 
  Officer 
 Canaccord Genuity Limited              Tel: +44 (0) 20 
  Mark Williams                          7050 6500

About Silanis

Silanis' solutions have processed hundreds of millions of e-signatures since the company was founded in 1992 (50 million in 2010 alone), making it the most widely used e-signature solution. The world's largest insurance and financial services companies, government agencies, and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company's on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing to enable e-commerce and e-government transactions to be executed fully electronically from start to finish.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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