LUND, Sweden – February 22, 2016 – Anoto Group AB, today announced that it has signed an exclusive agreement with Texas-based RamQuest, Inc., the premier provider of real estate title and settlement solutions for the Land Title industry in the United States, to integrate the INKWRX™ data capture platform. INKWRX technology will be used to launch RamQuest’s own Inx digital pen solution which is tailored to automate the digitization of forms necessary to consummate the mortgage and settlement aspects of a real estate transaction. RamQuest’s title production software is used to facilitate approximately 2 million real estate closings per year and will use the technology in a 10-year agreement to market the Inx solution to more than 30,000 title and settlement agents Nationwide in the US.
“INKWRX has proven itself as a solution that can increase efficiencies and reduce operational costs in a variety of industries that have traditionally worked through paper forms,” states Edward Belgeonne, Founder and CEO of INKWRX(TM) (Destiny Wireless, Inc). “By helping our customers decrease or even eliminate dependency on manual paper-based processes, they’ve been able to more readily meet the expectations of the information age and to better focus on driving growth. We look forward to working with RamQuest to deliver these benefits to the real estate Mortgage and Land Title industries.”
INKWRX is a web-based digital data capture platform which allows businesses to go paperless or paper-lite, primarily through the use of Anoto enabled paper, digital forms, and digital pens that seamlessly integrate with a company’s current system and workflow. INKWRX is used to enhance processes related to the capture, digitization and processing of information collected through various input methods. Based on INKWRX technology, RamQuest’s new Inx will provide closing agents with the benefit of electronic copies of every signed document that may be accessed with just a few mouse clicks, as well as the ability to immediately and remotely send those copies to all closing parties. The implementation of the INKWRX technology will take 6 months.
“With millions of transactions taking place via paper forms, the deployment of the Inx solution is expected to have a significant positive impact on the real estate process,” states Paul Bandiera, President of RamQuest, Inc. “Our closing solutions are unmatched in our market, and Inx will allow us take it to the next level not only through improved efficiencies and reduced costs but also will advance the Consumer Finance Protection Bureau’s initiatives to improve the home buying experience of the consumer.
“We are delighted to have entered into this long term strategic partnership with RamQuest in the United States and to be supplying our hardware and the INKWRX software solution on a transaction based model” states Stein Revelsby, CEO of Anoto Group AB. “We look forward to the launch of services after the initial six month implementation phase and If the minimum exclusivity volume targets of the deal are met it will have a strong impact on Anoto`s revenues and gross margin. We see huge potential in the transition of the US mortgage and land title industry into the digital era with our technology and RamQuest’s new e-closing solution”
For further information, please contact:
Stein Revelsby, CEO Anoto Group AB, tel. +46 (0)733 45 12 05 Anoto Group AB (publ), org. nr. 556532-3929, Mobilvägen 10, SE- 223 62 Lund Tel. +46 46 540 12 00 www.anoto.com
About Anoto Group AB Anoto is a global leader in digital writing and drawing solutions. Its technology platform and branded products enable high-precision pen or stylus input on nearly any surface --- from capturing and digitizing handwritten notes and business forms on paper to designing, creating and collaborating directly on large interactive displays, whiteboards, and walls up to 24 feet. Anoto, its strategic licensing partners, and developer community offer a broad portfolio of products, applications and services to business, consumer and education markets, including best-in-class digital note-taking, creative solutions, collaborative solutions, classroom learning solutions, and document processing & management. The Anoto Group has over 150 employees and is headquartered in Lund (Sweden), with offices in Norrköping (Sweden), Basingstoke, Guildford and Wetherby (UK), Los Angeles, San Francisco, and Boston (US) and Tokyo (Japan). Anoto’s Livescribe brand is the leading maker of smartpens, which bring notes, words, & ideas to life by connecting pen & paper to the digital world. Anoto is traded on the Small Cap list of NASDAQ OMX Stockholm under ANOT.
For more information about Anoto or Livescribe, please visit www.anoto.com
Follow Anoto on Twitter at: @anoto
About INKWRX. INKWRX™ is a web-based digital data capture platform which allows businesses to go paperless or paper-lite; capturing important business information effortlessly using tablets or digital pens. By moving customers from pure paper forms to digitally-integrated ones, INKWRK reduces paperwork delays and helps build custom workflows that integrate with a company’s current system. Founded in 2002, Destiny Wireless Ltd now trading as INKWRX became a subsidiary of Anoto Group AB in August 2011.
To learn more about INKWRX™, visit: www.inkwrx.com.
About RamQuest, Inc. RamQuest, Inc. is a Texas-based corporation that has been serving the title industry since 1991. As the provider of the industry’s most comprehensive title and settlement solutions, RamQuest products are currently in use for closings in all 50 states.
For more information about RamQuest, visit www.ramquest.com.
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