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Mr. DiGregorio joined CIC in November 1997, as President & COO, and rapidly developed and implemented a comprehensive plan that leveraged key CIC technologies including handwriting recognition and biometric handwritten signature verification focusing on specific market opportunities with significant growth potential. He was named President & CEO in June of 1999 and Chairman, President and CEO in February 2002.
The initial strategy focused on introducing text entry products such as Jot for mobile computing devices such as PDAs & smartphones and on retail sales via CIC.com. CIC emerged as the leading provider of text entry software and as a result CIC’s share price increased from under $1 to nearly $13 in 2000 with well over a billion dollars in investor profits. The follow-on focus on biometric and other electronic signature solutions aims at providing the benefits of the paperless environment to primarily the financial services industry. This strategy included the acquisition of PenOp in 2000 which significantly enhanced CIC’s IP position. CIC had emerged as the leading provider of eSignature technology with highly differentiated products and large scale deployments with a marquees list of top-tier financial institutions thereby positioning CIC, we believe, to again deliver significant shareholder profits and increasing shareholder value.
Mr. DiGregorio came to CIC with twenty years at the CEO level of responsibility with large and small companies, mostly in high technology products, serving both consumer and corporate markets. He began his career with General Electric, where after successive promotions in product development, sales, and strategic marketing assignments including high visibility ventures in both corporate and consumer products, he rose to the position of General Manager of an industrial automation business.
Prior to joining CIC, Mr. DiGregorio was recruited as CEO of several companies. He was responsible for positioning those companies for accelerated and sustained sales and earnings growth. Those companies include Exide Electronics, Proxim, Maxitron Corp and Display Technologies Inc. | 