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Press Releases

Electronic Marketplace Portfolio Offered by GTT

Portland, OR Global Technology Transfer Group, Inc. (GTT), the world leader in patent asset services, announces the availability of key patent assets related to e-commerce platforms.

The patents cover on-demand or hosted e-commerce solutions that incorporate remote data access and product catalog templates. These solutions are part of the SaaS, or Software-as-a-Service market. Users of the technology include an array of multinational electronic marketplace platform providers that cater to the small and medium size enterprise segment.

Various projections put the SaaS market in the $8B-$13B for 2009. By 2013 it is estimated that 40% of online sellers will be using SaaS platforms such as the ones covered by the Electronic Marketplace Portfolio.

“The great thing about the Electronic Marketplace patent portfolio is that it covers technology currently adopted on a mass scale,” states Michael Lubitz, CEO and Chairman of GTT.

GTT is currently entertaining acquisition offers. To receive additional information regarding this opportunity, please contact Andrew Godsey at agodsey@gttgrp.com. All inquiries will be kept strictly confidential.

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