An Innovative Technology Leader Focused On Market Leadership & Sustained Shareholder
CIC, located in Redwood Shores, CA was founded in 1981 in conjunction with Stanford
Research Institute (SRI), based on research conducted by SRI on proprietary pattern
recognition technologies. CIC focused on further research and development of the
technology, including multi-lingual handwriting recognition, digital ink compression,
biometric signature verification and electronic signature technologies.
For the first seventeen years, the Company focused primarily on text entry applications,
utilizing CIC developed pen enabled tablets and handwriting recognition software,
to bypass the keyboard and provide direct input to desktop computers in the Asian
In early 1998, the Company implemented a plan that leveraged key CIC technologies
including handwriting recognition and biometric handwritten signature verification
focused on specific market opportunities with significant growth potential in the
The initial focus on handwriting recognition software for handheld devices such
as PDAs and Smartphone's resulted in investor profits estimated at well over
a billion dollars in 2000. By early 2001, however, handheld device shipments of
both PDAs and cell phones began the sharp decline, driven by the economic downturn,
negatively impacted by the dot com bubble burst, and then exacerbated by the tragic
events of 9/11/01.
In the face of this adversity, and recognizing the upside market potential in addressing
the paperless enterprise, the Company redirected resources on the emerging electronic
signature market leveraging CIC's biometric signature verification technology
and acquiring PenOp in late 2000 significantly strengthening CIC's Intellectual
Property. CIC focused this technology on winning large scale deployments with Industry
leading early adopters such as AGLA, Allstate, Charles Schwab, Nationwide Bank (UK),
Prudential, Snap-On Credit, State Farm, Travelers, WFG(World Financial Group) and
The follow-on strategy, aimed at the emerging electronic signature market, has now
progressed and positions CIC for significant growth and upside potential as that
market nears takeoff.
CIC is proud of its history as an acknowledged innovative technology leader focused
on maximizing customer value to establish and maintain market leadership in emerging
high potential markets thereby enabling its objective of rewarding its shareholders,
despite the challenges of high tech emerging businesses, with increasing shareholder
value and the potential of significant shareholder profits.