Silanis Wins Mercuriades Technical Innovation Award for ApproveIt Web Server.
Business Editors/High Tech Writers
MONTREAL--(BUSINESS WIRE)--May 27, 2002
Silanis Technology Inc., the leading developer of electronic signature solutions, walked away first-place winner in the Technical Innovation Research and Development, PME PME Petites et Moyennes Entreprises
PME Professional Military Education
PME Pequenas e Médias Empresas (Portugal)
PME Petite et Moyenne Entreprise
PME Psychology of Mathematics Education
PME Pi Mu Epsilon category during Thursday night's Les Mercuriades 2002 dinner gala. The award was granted based on the company's development and launch of ApproveIt(R) Web Server, the industry's first consumer-based e-signing solution that enables high-value legal transactions, such as mortgage and car loans, to be quickly and securely signed by consumers over the Web using no additional software other than a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. .
Only four months after its launch, the solution has already begun to trigger the much-awaited growth of B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. e-signing applications. Quicken Loans Quicken Loans Corporation is a retail home mortgage lending firm in the US. Quicken Loans Inc. is comprised of the Quicken Loans and Rock Financial, and Title Source, a settlement service provider. Quicken Loans closed $18 billion in residential mortgage loans in 2006. , a top five online mortgage provider, is integrating ApproveIt Web Server into its online services to eliminate the shipping delays and reduce the fall-out that occurs while applicants wait for loan documents to arrive at their home for signing. Over 13,000 car dealers across the U.S. are being supplied with the solution as part of Dealer Track's aggregator services to provide 24-hour turnaround Turnaround
A situation where a company that has had poor performance for an extended period of time experiences a positive reversal.
A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. on dealer funding. Silanis is also working closely with other top financial institutions in the U.S.
Although electronic signatures were passed into law almost two years ago by former President Bill Clinton, organizations have not - until now - adopted e-signatures for consumer applications because they lacked the ease-of-use needed for mass market adoption. ApproveIt Web Server's innovative new "Electronic Process Signature(TM)" technology is the first solution to balance consumer ease-of-use with the level of security and IT compatibility required by organizations, thus creating a new industry standard.
Silanis Technology Inc. is a leading developer and provider of electronic signature and approval management software to over 900 organizations within the financial, government, manufacturing, aerospace, pharmaceutical and healthcare sectors. Hundreds of thousands of people are signing their documents electronically using Silanis' solutions, including the entire U.S. Joint Chiefs of Staff, 40,000 U.S. Army Medical Command (MEDCOM MEDCOM Medical Command (US Army)
MEDCOM Mediterranean Regional Committee for START ) personnel, and General Motors Acceptance Corporation Commercial Mortgage Division (GMACCM). A privately held company privately held company
A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , Silanis was founded in 1992.