eSignLive Technology named the leading producer of electronic approval software by top research firm
Montreal, Qc, September 18, 2001 — Silanis Technology Inc., makers of electronic signature and approval management solutions, was recently profiled by Gartner Inc. and named the leading producer of electronic approval software for internal business applications. The research note also highlighted the company’s business-to-business solution. Gartner looked at both Silanis’ ApproveIt Desktop and ApproveIt Collaboration Server solutions. ApproveIt Desktop is a PKI-enabled application that leverages existing cryptographic services such as MS-CAPI or an installed third-party PKI to create digital certificates for user authentication. It uses a proprietary technology to permanently embed an audit trail (including the electronic signature approval and related user and data authentication) in a document, so that it cannot be extracted or altered. Any change to the document invalidates the signature.
The passing of last year’s U.S. Electronic Signature in Global and National Commerce Act (E-SIGN), granted electronic signatures the same legal status as their pen and paper counterparts, and paved the way for Silanis’ ApproveIt Collaboration Server in the B2B environment. This companion server enables organizations to distribute a plug-in needed to securely verify and add legally binding e-signature approvals to documents at no cost to the business partner.
“Through a link sent by email, a business partner can register on the server and download desktop tools to sign documents,” Gartner’s McKibben wrote. “The primary value in this application is reducing the time (potentially weeks or months) and the costs of exchanging documents between trading partners.”
General Motors Acceptance Corporation Commercial Mortgage (GMACCM), the largest provider of commercial mortgages in North America, is Silanis’ first ApproveIt Collaboration Server customer. Having gone completely paperless in 2000, using ApproveIt Desktop across its 50 worldwide offices and 1,800 employees, GMACCM have extended the benefits of electronic signatures to their partners, suppliers, contractors and loan appraisers as part of their 2001 eBusiness initiatives.
“With 170 new government and commercial clients since January 2001, we’ve seen a 100% increase in revenues compared to the same period last year,” said Tommy Petrogiannis, President of Silanis. “This illustrates the growing demand for our technology, and the need for organizations to reduce overhead costs, increase efficiency and maximize employee resources.”
Founded in 1992, Silanis Technology, Inc. enables people to spend less time managing paper and more time driving business forward faster and more efficiently with the ApproveIt™ family of electronic signature products. Over 900 customers in the financial services, government, manufacturing, health and pharmaceutical sectors use ApproveIt™ Desktop software to sign electronically. This includes the US Joint Chiefs of Staff, the US Army MEDCOM, GMAC Commercial Mortgage, Nationwide Insurance and Dell Financial. Silanis also offers ApproveIt™ Collaboration Server for legally binding B2B e-signing. Silanis’ sales HQ are located in Washington, DC, and its R&D center in Montreal, Canada. The company also has a regional office in Campbell, CA, and sales and customer support units in other US cities, in addition to a network of value added resellers and integrators worldwide.
ApproveIt is a trademark of Silanis Technology, Inc. Other names and brands mentioned herein may be the trademarks of their respective owners.