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Press ReleaseiLumen Files Patent Related to Private Company Benchmarking ServiceATLANTA, GA, December 1, 2004iLumen Inc., a financial information and technology company headquartered in Atlanta, today filed a patent application on behalf of its wholly-owned subsidiary, iLumen Global Benchmarking, Inc. The patent covers the secure, web-based collection and analysis of private company business performance information, and the delivery of trending reports comparing the results of one company to a customized and aggregated peer group. This patent application is the third in a series for iLumen’s proprietary iMonitor® data gathering and warehousing technology, which powers the iLumen Global Benchmarking service. “iMonitor’s benchmarking capabilities enable private companies to compare their interim and annual business performance to a peer group, which they can customize based on industry, geography, and financial attribute,” said Robert H. Woosley, Co-Founder and Chief Executive Officer of iLumen. “iLumen Global Benchmarking manages a growing database of private company financial information gathered using iLumen’s proprietary technology. The system electronically delivers comparative financial data, trends, graphs, and user-defined threshold-based alerts. Private companies need to understand how their business is performing relative to their peers. Using the iMonitor platform, we can deliver accurate and timely private company business performance information to a marketplace that has never had access to it before.” iLumen Global Benchmarking’s database is a secure repository of standardized, aggregate, and anonymous private company financial data that is populated with periodic submissions of accounting data from participating private companies. iLumen Global Benchmarking data covers various industry sectors and enables custom peer group comparisons. For more information visit: www.ilumen.com/benchmarking.htm. About iLumeniLumen, Inc. is a financial information technology company that delivers and manages private company data gathering and analysis solutions designed to solve critical problems in risk management, financial compliance and financial oversight within the banking, accounting and corporate environments. iLumen's services are based on a proprietary (patent pending) data warehousing engine known as iMonitor® that automates and standardizes the gathering, mapping, analysis and benchmarking of electronic accounting data from private companies.For more information visit www.ilumen.com or call 404-446-1600. iLumen™ and iMonitor® are trademarks of iLumen, Inc., all rights reserved. |
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