Critical Technologies mVault^® partners with VirPack to offer VirPack Vault™

Critical Technologies and VirPack, leading providers of document management and electronic delivery solutions for the mortgage industry, announce the release of VirPack Vault™, a hosted, web-based document management and electronic loan delivery platform that satisfies the needs of lenders and brokers from origination through post closing and investor delivery. VirPack Vault empowers all participants in the mortgage process to submit and access loan documents securely via the internet, creating an end-to-end paperless solution. Read Press Release (PDF)

Critical Technologies Awarded Patent for System and Methodology for the Storage and Manipulation of Documents

Critical Technologies, provider of the iMagio^® and mVault^® web document management solutions, announces the issuance of US Patent No. 7,197,703 by the US Patent and Trademark Office.

Critical Technologies’ web-based document management solutions, iMagio and mVault, are designed from the ground up to support all modern businesses, and the banking and mortgage industries in particular. Critical Technologies’ services allow businesses to manage all of their documents and records via the web, in secure, encrypted repositories hosted at Critical Technologies’ own data centers.

Commenting on the patent, Patrick Castleberry, Critical Technologies' president, said, “Critical Technologies is delighted to see that our software and services have been recognized with the issuance of this patent. This certifies that the iMagio and mVault technology pioneered by Critical is unique and provides real value to our customers. Our document imaging and management platform provides a useful means for capturing, transmitting, storing, searching, retrieving, and displaying documents in a multi-party environment across the web. Our patented method allows our customers to transmit and retrieve high volumes of confidential data at speeds formerly available only with expensive in-house systems. Our service saves businesses thousands of dollars per year in hardware, software, and IT support costs. This further confirms that we are providing valuable services that no one else can provide.”

About Critical Technologies: Founded in 1998 and headquartered in Edmond, Oklahoma, Critical Technologies is a leading technology provider offering powerful document management and workflow services via the web to banking, mortgage, and other industries.

For more information, contact Patrick Castleberry, President, at +1 405 478 8181 x120 or email patc@criticaltech.com.

MBA's National Secondary Market Conference & Expo 2007.

See us in New York on May 20-22, Booth 411 and learn how mVault ties you closer to lenders and investors. Instant electronic delivery of mortgage documents, saving considerable time and money, enabling your company's growth. More on Conference>

Redundant Data Center Now Online

May 15, 2006. Critical Technologies announces the opening or its redundant data center. iMagio, Critical's leading service for secure, hosted document management, has been designed and engineered for a high degree of availability and scalability. The hosting system provides customers with secure transport for mission-critical applications. From design to implementation, Critical's datacenter and network are optimized for speed, flexibility, and security across the full spectrum of IP transport services.

To strengthen Critical's commitment to these objectives, the company has opened a second data center installation in Oklahoma City. This redundant site is continually updated to maintain an up-to-date location for disaster-recovery purposes. The Oklahoma City location offers multiple Tier-1 Internet service providers, multiple UPS system, redundant HVAC units, a diesel generator for backup power, and around-the-clock system monitoring.

Revenue Management Solutions, LLC announced the acquisition of the MedRx® healthcare industry business from Critical Technologies, Inc. RMS provides a streamlined, end-to-end solution to processing healthcare receivables. The addition of the MedRx business will broaden RMS’s comprehensive processing of healthcare receivables. Read Press Release (PDF)

Composition Research Technologies Signs OEM Agreement for Critical Technologies’ iMagio^® Content Engine

OKLAHOMA CITY, October 23, 2006 – One of the leading developers of software tools for the high-volume transaction output market, CRTechnologies, has today signed an OEM agreement with Critical Technologies to OEM the iMagio Content Engine, the world’s most–flexible and –scalable databases. The iMagio Content Engine enables electronic records management of very large document archives, up to petabytes in size. Documents composed and formatted by CRTechnologies’ Over-Site™ Suite can now be directed to high-speed production printers, e-mail, web pages, and direct to archive, where they are immediately available for retrieval on any web browser by any authorized user.

Based in Fairfax, Virginia, CRTechnologies specializes in serving government agencies and contractors. By their nature, these organizations face data scalability problems of all kinds. In order to support millions of documents, most databases require a heavy investment in hardware, infrastructure, and personnel in order to perform at reasonable speed. Because of its unmatched speed and scalability, the iMagio Content Engine dramatically reduces this investment. A single server, equipped with suitable data storage, can support a database of nearly any size. The database can be loaded at a rate of up to two million pages per hour, and everything on every page is indexed, including the positions of all data. Because the index structure is virtual, the iMagio Content Engine completely eliminates the expense and time normally needed to restructure a database for a new purpose. Retrieval time is flat, sub-second, at all sizes. Documents are compressed and, combined with indexes, represent a footprint 32 percent smaller than the original document archive size.

CRTechnologies will integrate the iMagio Content Engine into its Over-Site Suite, offering licenses under the name ERM-Perfect™. The system is available for immediate delivery as software only or bundled with server hardware and a storage area network (SAN). The licensing model is flexible, ranging from limited-use terms to full corporate licenses. In addition, CRTechnologies and Critical Technologies offer complete professional services for integration of the product with other  applications, training, installation, and development of specialized search front-ends.

Press release (PDF)

Patrick Castleberry Handed Reins at Critical

June 1, 2006. John Frick, chairman of Critical Technologies' board of directors, announced today that company president, Patrick Castleberry, would assume the responsibilities formerly undertaken by departing chief executive officer, Thomas Dean, who recently resigned his position to pursue other business interests. Castleberry took the occasion to confirm the company's commitment to its core technologies and services, iMagio and mVault, and pointed to a period of unprecedented growth for those business areas over the past year.

For more information, please contact
Patrick Castleberry, patc@criticaltech.com