NetUpdate Acquires Digital Signature Company.(Brief Article)

NetUpdate Inc. has announced it has purchased Seattle-based DocuTouch Corp., a document management and digital signatures firm. The newly acquired technology will be made a part of the NetUpdate Transaction Platform. With the DocuTouch addition, NetUpdate will support the ability to securely store, route, collaborate on and digitally sign everyday business documents.

"The DocuTouch technology provides a critical component to our platform," said Tom Gonser, CEO and co-founder of NetUpdate. "DocuTouch's Secure Internet Document Exchange (SIDEX) technology has tremendous synergy with our solution. The combination of NetUpdate's transaction tools and DocuTouch's document management system will provide all of our users with the most advanced and easiest-to-use solution for managing document-centric business transactions."

The DocuTouch tools will first appear as part of NetUpdate's initial product, LoanUPDATE, the 'Virtual Loan Assistant'.

"All the inefficiencies in the mortgage process lead to overhead costs from $2,000 to $3,000 per loan," said Mr. Gonser. "This year, that translates into over $28 billion in loan processing expense. By ...