Kodak selected Scan Signature technology from AuthentiDate to achieve compliance with these statutory requirements, which are designed to legally authenticate personal signatures on documents as companies increasingly change from paper to electronic format as the media of choice for their archived data.
The company explained that its capture software is used and distributed through a large network of service providers which offer the product to their clients, in addition to being used directly by a broad range of end users.
This customer base, Kodak, said includes a substantial number of Germany's compulsory health insurance firms. Under the German Signature Act, these customers, as well as their service providers, have been obligated to exclusively use authenticated signatures pursuant to the Signature Act in high-volume document recording from August 2004 if the paper documents are being destroyed.
AuthentiDate's signature technology is designed to add legally valid signatures to documents without altering the underlying electronic data, so permitting downstream processes, such as OCR tools and workflows, to be executed without being affected by the application of the digital signatures.
Financial terms for the deal were not disclosed, but AuthentiDate said it will generate revenue through transaction fees.