Press Room

3/15/2011

Press Release - EquityNet is Granted Patent No. 7,908,194 by U.S. Patent & Trade Office

Fayetteville, AR -- EquityNet, LLC is pleased to announce that the U.S. Patent & Trade Office granted the Company’s second patent on March 15, 2011 as patent number 7,908,194. The patent is titled “Electronic Enterprise Analysis Apparatus” and describes an automated and interactive system for analyzing and scoring privately-held enterprises.

 

EquityNet’s CEO and inventor of the patent, Judd Hollas, stated, “This granted patent describes the first automated system capable of capturing information about a privately-held enterprise and producing an analysis of the enterprise, including validation and reconciliation of assumptions and projections, dynamic peer benchmarking, and many forms of scoring values. This is a system/apparatus patent and hence, much stronger than a business method patent.  It was also granted after the U.S. Supreme Court's Bilski section 101 decision and therefore was reviewed and granted by the USPTO under those more stringent criteria.”

 

In addition to the newly-granted patent, EquityNet has a significant portfolio of patents pending in the United States, covering multiple distinct inventions. As the technology leader in the private equity domain, the Company continues to produce innovations for which it will aggressively seek intellectual property protection, including patents.

 

The abstract for Patent no. 7,908,194 is as follows: An automated and interactive system that facilitates efficient capitalization/liquidation and monitoring of privately-held enterprises through a network-driven marketplace is disclosed. The system may be comprised of a dynamic process for enterprise characterization, a customizable computational engine that utilizes statistical reference information to quantify a multi-factor scoring value for each unique enterprise, a customizable system for investor-users to filter, rank, and screen enterprise prospects, a customizable system for monitoring the performance of enterprises, an integrated internal system for electronic communication between market participants, and an empirical feedback system that provides a dynamic knowledge base of statistical reference information for various computational components of the invention.

 

To view the patent: U.S. Patent No. 7,908,194