Channelinsight Files Patent Infringement Lawsuit Against Zyme
Channelinsight Files Patent Infringement Lawsuit Against Zyme Solutions, Inc.
DENVER, CO -- (Marketwire) -- 12/17/12 -- Channelinsight today announced that it has filed a patent infringement lawsuit against Zyme Solutions, Inc. for unspecified damages. The lawsuit alleges that Zyme Solutions is infringing on Channelinsight's patent entitled Automated Channel Market Data Extraction, Validation and Transformation, U.S. Patent No. 8,296,258 B2. The suit was filed in the United States District Court in Denver, Colorado.
"We filed this case for a very simple reason," said Robert Smith, CEO of Channelinsight. "Channelinsight's intellectual property is being unfairly exploited in the sales of Zyme's channel data solution to customers. Channelinsight is one of the world's leading creators of intellectual property surrounding the usage of channel sales data, and one of the most progressive in embracing new, highly collaborative ways of driving and managing channel sales data for Fortune 500 High Tech companies. Everything we do is premised on the fundamental principle that Channelinsight's intellectual property is one of our core assets, and represents the work product of tens of thousands of man hours by our engineers and millions of dollars of investment."
Channelinsight offers the only complete cloud-based channel sales management solution, providing technology manufacturers with visibility into every partner and every end-customer in every transaction in real-time; allowing them to gain the insight necessary to drive sales and optimize inventory. Channelinsight collects POS and inventory data from over 4000 worldwide channel partners and processes over $100 Billion in channel sales transactions annually. Customers benefitting from this technology include Schneider Electric, HP, TE Connectivity, Intel, AMD and Lexmark. Channelinsight is an operating business unit of InfoNow Corporation and is backed by Rho Ventures, Sequel Venture Partners and Vedanta Capital, with headquarters in Denver and offices in Palo Alto.
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