Fidelity National Financial's Aptitude Solutions Forms Strategic Alliance With Mentis Technology to Support New Deed Recording R
January 27 2005 - 8:13AM
PR Newswire (US)
Fidelity National Financial's Aptitude Solutions Forms Strategic
Alliance With Mentis Technology to Support New Deed Recording
Regulations JACKSONVILLE, Fla., Jan. 27 /PRNewswire-FirstCall/ --
Aptitude Solutions, a division of Fidelity National Financial, Inc.
(NYSE:FNF) and leading provider of innovative technology solutions
for county government, including online county recording and
workflow management systems, tax deed filing systems, document
management systems and court case document management systems,
today announced the formation of a strategic alliance with Mentis
Technology, LLC, a premier developer of image and character
analysis and identification technology. By incorporating Mentis
Technology's aiINDEX application within their OnCore recording
software system, Aptitude Solutions will be able to provide county
recorders with OCR (Optical Character Recognition), giving them the
ability to automatically index their documents without human
intervention. In addition, OnCore will also be able to assist
county recorders with redacting or removing sensitive information,
such as social security numbers, from their public image library.
With the addition of automated indexing and redacting technology,
OnCore users can be assured that they are in compliance with
legislative mandates requiring the exclusion of specific personal
information from public documents. For example, one of Florida's
2004 statutes mandates that, by January 2006, county recorders must
keep social security numbers confidential and exempt as provided in
Florida Statute 119.0271 (details at http://www.flsenate.gov/ ).
"We are very excited about our alliance with Aptitude Solutions and
the ability to make aiINDEX available through OnCore," said Ann
Kirkbride, Director of National Accounts at Mentis Technology
Solutions. "This was an ideal opportunity for us to provide our
automated indexing and redacting technology to county government
directly through their recording system, helping these busy offices
improve their efficiencies and increase overall productivity," said
Kirkbride. "With state mandates that will soon require the
redacting of recorded documents, county recorders have been anxious
to find a reliable, efficient means of compliance," said Jordan
Chionchio, Executive Vice President of Aptitude Solutions. "Our
alliance with Mentis Technology further demonstrates our commitment
to providing county government with industry-leading technology to
meet their evolving needs," said Chionchio. About Fidelity National
Financial Fidelity National Financial, Inc., number 262 on the
Fortune 500, is a provider of products and outsourced services and
solutions to financial institutions and the real estate industry.
FNF had total revenue of more than $6.2 billion and earned more
than $560 million for the first nine months of 2004, with cash flow
from operations of more than $925 million for that same period. FNF
is the nation's largest title insurance company, with more than 30
percent national market share, and is also a provider of other
specialty insurance products, including flood insurance, homeowners
insurance and home warranty insurance. Through its subsidiary
Fidelity National Information Services, Inc. ("FIS"), the Company
is a leading provider of technology solutions, processing services
and information services to the financial services and real estate
industries. FIS' software processes nearly 50 percent of all U.S.
residential mortgages, it has processing and technology
relationships with 45 of the top 50 U.S. banks and more than 3,600
small and mid-sized U.S. financial institutions and it has clients
in more than 50 countries who rely on its processing and
outsourcing products and services. FIS also provides customized
business process outsourcing related to aspects of the origination
and management of mortgage loans to national lenders and servicers.
FIS offers information services, including property data and real
estate-related services that are used by lenders, mortgage
investors and real estate professionals to complete residential
real estate transactions throughout the U.S. More information about
the FNF family of companies can be found at http://www.fnf.com/ and
http://www.fidelityinfoservices.com/ . About Mentis Technology
Solutions Founded in October 2000, Mentis Technology was
established to develop expert software systems for image and
character analysis and identification. The company's technology
solutions address the pressing need by county government to process
and index an increasing number of recorded documents with fewer
staff resources. Mentis' aiINDEX system offers a revolutionary
software product that allows county clerks and recorders to enter
real estate and other documents into their existing recording
system faster and with more accuracy than current manual processes.
For more information about Mentis Technology Solutions, please
visit http://www.aiindex.com/ . This press release contains
statements related to future events and expectations and, as such,
constitutes forward-looking statements. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements of the Company to be different from those expressed or
implied above. The Company expressly disclaims any duty to update
or revise forward- looking statements. The risks and uncertainties
which forward-looking statements are subject to include, but are
not limited to, the effect of governmental regulations, the
economy, competition and other risks detailed from time to time in
the "Management's Discussion and Analysis" section of the Company's
Form 10-K and other reports and filings with the Securities and
Exchange Commission. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, +1-904-854-8120, or , or Darcy Patch, Senior
Vice President of Marketing, Office of the Enterprise,
+1-949-477-1173, or , both of Fidelity National Financial, Inc. Web
site: http://www.fnf.com/ http://www.fidelityinfoservices.com/
http://www.aiindex.com/
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