June 29, 2007

DocuSign and BioPassword Deliver First Solution Combining Electronic Signing and Strong Authentication

 

Innovative Keystroke Biometrics Software Authenticates E-Signatures to Increase Revenue Quickly, Reduce Costs, Improve Competitiveness for Financial Services, Web Businesses and Real Estate Industries

SEATTLE, WA (June 29, 2007) –BioPassword, Inc., the leader in software-only strong authentication, today announced a strategic partnership with DocuSign, the leading web-based electronic signature service. BioPassword’s multi-factor authentication software will be integrated into DocuSign’s advanced electronic signature service to deliver a comprehensive, easy-to-use web-based alternative to getting important documents signed using pen and paper.

DocuSign’s solutions are well-suited for companies like financial institutions and web-based businesses that want to quickly sign up new customers, increase close rates, quickly bind sales contracts, customer agreements and other important documents. Furthermore, the financial industry has embraced BioPassword’s software-only offering with more than 400,000 end users authenticated to-date. Combining these two technologies is ideal for businesses that want to increase revenue, customer close rates, improve competitiveness and reduce costs.

BioPassword’s technology authenticates the user not the device by analyzing a combination of standard login credentials (userID and password), keystroke biometrics (unique typing rhythm) and knowledge-based authentication (user selected questions and answers). The software will be integrated into DocuSign's on-demand electronic signature solution that allows individuals and organizations to electronically sign legally binding documents by creating a unique, encrypted electronic signature for each individual.

Both companies target their mutual success in the financial services, web business and real estate industries. The combined offering will provide the easiest way for these organizations to authenticate and electronically sign documents, contracts and agreements online while ensuring compliance with increased government regulations for advanced reporting and two-factor authentication.

“DocuSign provides an easy-to-use, web-based alternative to signing costly paper documents, our service not only cuts costs but drives higher revenue for our customers,” said Matthew Schiltz, CEO of DocuSign. “The integration of BioPassword’s unique technology enables us to offer advanced authentication and continue to deliver the easiest to use enterprise class electronic signature available in the marketplace.”

“BioPassword is dedicated to providing more organizations with an added layer of security that is cost effective and not cumbersome to users,” said Mark Upson, CEO of BioPassword. “We’re excited about partnering with DocuSign because together, our offering will enable an easy and secure solution that increases revenue and competitiveness plus reduces costs for companies.”

About BioPassword
BioPassword, Inc. (www.biopassword.com), located in Issaquah, Washington, leads the market in delivering enterprise security solutions for software-only strong authentication. BioPassword protects company and individual assets with a simple, yet powerful combination of the user’s standard login credentials (userID and password), keystroke biometrics (their unique typing rhythm), and knowledge-based authentication (user selected questions and answers). BioPassword's strong authentication software is fast, accurate, transparent, scalable to millions of users and immediately deployable across the organization and the Internet without the need for expensive tokens, cards or other specialized hardware. To learn more about BioPassword visit our Web site or contact us at (425) 649-1100. For a live demonstration of BioPassword’s keystroke biometrics, log onto www.biopassword.com/demo1.

About DocuSign
DocuSign offers a web-based electronic signature service that provides the simplicity, speed and security required to deliver, sign and store documents. Designed from the ground up for business-class usage, this service integrates the technical infrastructure and legal compliance needed to operate an end-to-end electronic signing service that replaces the old pen and paper process. DocuSign customers span a variety of industries and range from the largest corporations to the smallest branch offices. These customers are enjoying quantifiable benefits with DocuSign, including removal of costs, increases in revenue and acceleration in business velocity. DocuSign also offers a direct positive impact on our global environment by reducing paper consumption and transportation emissions. For more information please visit www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.