Syngrafii Acquires Assets of Velocity e-Sign and LIVEsign
The acquisition brings technology designed for real estate professionals to Syngrafii iinked Sign™, Video Signing Room™, and iinked Seal™ platform to drive growth in the global real estate sector e-signature market
TORONTO — November 17th, 2022 — Syngrafii Inc. (Syngrafii), a global e-signature company that provides the most comprehensive range of compliant remote-signing solutions, announced today that it has acquired all the software source code and trademarks of Velocity E-Sign Inc. and LIVEsign™ for an undisclosed amount.
The acquisition of Velocity, a remote signing platform specifically designed for Canadian real estate professionals, will drive further adoption of Syngrafii’s cloud-based iinked Sign™, Video Signing Room™ (VSR), and iinked Seal™ platform within the global real estate, mortgage, and conveyance sectors.
Syngrafii is the only integrated e-signature and video signing platform that allows for the execution of original, one-time-use biometric ink signatures onto electronic documents. Its product suite, which includes the LongPen® technology, ensures full compliance and non-repudiation by providing single-use signatures that preserve biometric data providing enhanced security, identity certainty, and specific intent.
The Proptech technology developed by Velocity, which is a Whitby 1855 accelerating company member, enables real estate agents to better connect with WebForms and request signatures in a secure cloud environment. The acquisition represents another milestone in the further expansion of Syngrafii’s iinked Sign™ platform into the global remote signing market.
Under the terms of the agreement Velocity’s CEO, Timothy Fennessey will join Syngrafii’s management to head its real estate sector sales and marketing team.
“We are very pleased that we have acquired Velocity’s assets and also have Tim Fennessey, the founder, become part of our Management team, said Matthew Gibson, CEO of Syngrafii. “Tim will be able to build on iinked Sign’s momentum in the estate sector. Velocity is also bringing the market-specific technology focus it developed for realtors to Syngrafii. Being integrated with the iinked™ platform, these realtor-friendly features will position Syngrafii to expand its scope of services to its current clients and develop a global real estate client base.”
Tim Fennessey, founder, and CEO of Velocity said: “As the founder and CEO of Velocity, I am excited to join the Syngrafii team, bringing our unique knowledge capabilities in the real estate sector to further enhance the user experience for real estate professionals. The management and shareholders of Velocity also made this decision with full recognition and respect for Syngrafii’s position as a pioneer and leading holder of intellectual property in video signing.”
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Syngrafii provides a suite of next-generation e-signature tools that deliver the security of ink and paper globally, with a range of fully-compliant solutions. Syngrafii's patented video signing and iinked Sign™ e-signature solutions deliver a connected world where people, enterprises, and governments can immediately process original documents, signatures, and transactions across digital channels anywhere, anytime, in multiple languages.
Syngrafii has over forty-five granted and pending applications for its pioneering e-Signature iinked Sign™, Video Signing Room™, and iinked Seal™ technologies. The patented Syngrafii VSR™ all-in-one electronic signing solution enables compliant signing, witnessing, notarization, and secure storage of documents in a live video-conferencing session that accommodates multiple document signers. iinked Sign™ preserves the unique biometric nuances and identity certainty of a traditional signature and mitigates the risk of fraudulent behavior. The use of VSR provides enhanced consumer protection and supports businesses’ increased commercial need for the remote execution of documents.
Syngrafii also offers a service to execute one-time ink signatures on physical documents over the internet via a robotic pen-LongPen®.
Syngrafii and Velocity Contact:
Velocity E-Sign Inc. is a Canadian company headquartered in Whitby Ontario. Its founder and CEO Timothy Fennessey initially created the platform as a service to help Real Estate agents on his team in 2015. Since then his vision and leadership allowed Velocity to quickly develop into a platform that offers e-signature solutions and services to real estate agents and brokerages across the country.
Syngrafii Media Contact:
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