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.

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 Wells Fargo.

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.