CompanyOver a billion cell phones are shipped worldwide annually, most of which have built-in cameras. Although an essential feature, the cell phone camera is one of the most underutilized features on any handset. Mitek's vision is to leverage the capabilities of the cell phone camera for a suite of applications that provide practical solutions for every business person. Branded Oomph, for "Office on My Phone," these business applications are created specifically for smartphones equipped with cameras. To enable these applications, Mitek has invented proprietary technology called IMagePROVE™ that converts a camera-equipped cell phone into a mobile document scanner that has the ability to improve, read and extract data from any document captured by a cell phone camera. Mitek created IMagePROVE by utilizing its proprietary pattern recognition software that identifies and reads typed or hand written characters and numbers on documents, forms and checks. Mitek has utilized IMagePROVE to create applications that will help consumers and business people automate tedious, everyday tasks. It's flagship Oomph product, Mobile Deposit™, is the first mobile banking software application that allows banks to accept paper check deposits and bill payments via camera-equipped mobile phones. With Mobile Deposit, Mitek extends convenient deposit capabilities to millions of consumers who use camera-equipped mobile phones. In addition, Mitek has developed and markets Mobile Receipt™, an expense management applications that creates expense reports with a single touch, and Mobile Phax™, a document sharing application that replaces traditional fax machines. Mitek continues to innovate and plans to launch new products within the Oomph family. Mitek Systems is the leading innovator of advanced Image Analytics and Optical Character Recognition ("OCR") software that captures and reads data from any scanned document. A pioneer in intelligent recognition technology since 1985, Mitek Systems' software is used by the top 5 financial institutions in the United States and is used to process over 10 billion checks per year, monitor elections in the U.K. and mange container shipments in Singapore. Today, Mitek markets and supports the most comprehensive suite of recognition software used to test, clean, read and authenticate imaged checks or documents. Our products are used by customers and partners around the world. The technologies Mitek provides result in reduce labor costs, higher productivity, and lower fraud losses. Mitek's employees come from around the world and are attracted by the environment of technical innovation and industry leadership. The Company is located in the hub of Southern California's technology center in San Diego. Among its neighbors are other industry leaders providing a rich talent pool for continued growth. Mitek's stock has been publicly listed since 1987, and is currently traded under the ticker MITK.OB. Current investors include institutions, individuals and the Harland Clarke Corporation. Corporate HeadquartersMitek Systems, Inc. Corporate Governance DocumentsAudit Committee Charter |
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