SNS Silanis

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Silanis International Limited

27 April 2012

 
 RNS Reach Release   27 April 2012 
 

Silanis International Limited (the "Company") Announces Silanis Named One of the Fastest Growing IT Companies in Canada

The Company (AIM: SNS) is pleased to announce that Silanis Technology Inc. ("Silanis"), the leader in enterprise electronic signature solutions with the largest e-signature deployments, has been ranked among the top 10 fastest growing IT companies in Canada according to the 2012 Edition of the Branham300 by Branham Group, a leading information, communication, and entertainment technology analyst firm.

"I am proud to see Silanis recognized as one of the 10 fastest growing IT companies in Canada," said Tommy Petrogiannis, Silanis CEO and co-founder. "With enterprise-grade technology, marquee customers, world-class deployments and the most experienced team in the industry, Silanis continues to be the partner of choice in the market."

In 2011, Silanis increased revenues by 116 percent over the previous year. Several key factors contributed to this strong growth. In the financial services sector, the need to transform customer experience and modernize, tightening regulatory oversight, and pressure on the bottom line are driving adoption of e-signatures. In government, paperless mandates and the need for greater responsiveness, efficiency and cost savings continue to influence e-signature implementations.

Silanis is now responsible for processing over 600 million documents annually on behalf of customers. The company has the largest footprint in financial services with four of North America's top 10 banks standardizing on Silanis' solutions, in addition to the largest consumer lending deployment across 3,000+ branches. In insurance, eight of the top 15 carriers in North America are using Silanis to e-sign auto, home, term, whole and universal life products with their customers and agents.

Silanis is also the leading e-signature provider to government. Among Silanis' hundreds of government implementations, the US Army's enterprise license represents the largest e-signature and e-forms deployment in the world with 1.6 million users. As well, the US General Services Administration ("GSA"), which contracts for $40 billion in goods and services from the private sector each year, now processes all GSA schedules and modifications with Silanis e-signatures.

As the preferred e-signature provider for HP, Thunderhead and IBM, Silanis won top insurance and cloud computing awards in 2011, such as the IBM Lotus Award for Business Transformation through Cloud Computing and the prestigious 2011 Beacon Award for Best Insurance Industry Solution.

Details on the 2012 Edition of the Branham300 can be found online at www.branham300.com and in the April/May issue of Backbone Magazine (www.backbonemag.com), which is distributed nationally across Canada with the Globe and Mail.

About Silanis

Silanis is the most widely used e-signature solution in the world, responsible for processing over 600 million documents annually. Since the company was founded in 1992, our solutions have strengthened the business processes of thousands of organizations, including four of the top North American banks, eight of the top 15 insurance companies and the entire US Army, among others. Companies and government organizations around the globe depend on Silanis to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis' on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing and enable e-commerce and e-government transactions to be electronically executed from start to finish.

About Branham Group Inc.

Branham Group Inc. is a leading industry analyst and strategic consulting company servicing the global Information, Communication and Entertainment (ICE) Technology marketplace. Branham Group assists ICE Technology companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green IT and Cloud). Branham also produces an annual listing of the top ICT companies in Canada (www.branham300.com) and monitors over 450 Digital Health vendors (www.branhamgroup.com/digitalhealth).

For further details, please contact:

Silanis International Limited

Tommy Petrogiannis, Chief Executive Officer

www.sil-intl.co.uk

Tel: + 1 514 337 5255

Canaccord Genuity Limited

Simon Bridges

Tel: +44 (0)20 7050 6500

This information is provided by RNS

The company news service from the London Stock Exchange

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