iXmatch Receives U.S. Patent for its Matching Software

Minneapolis, Minnesota - Tuesday, November 13, 2001 - iXmatch Inc., the leading provider of matching software, today announced the U.S. Patent and Trademark Office has granted the company a patent for its matching software. iXmatch’s software is used to find the best possible match between the supply and demand for products or services.

iXmatch’s matching engine creates liquid transactions by matching buyers with best-fitting products and services in realtime. The software helps buyers define their specifications more precisely; allows sellers to describe their offerings more accurately; and identifies the best-fit solution for the buyer. “This patent validates our leadership role in the matching software arena,” said Kamala Puram, iXmatch Cofounder and Vice President of Sales and Marketing. “Receiving this patent reinforces our belief that customers deploying the next generation of CRM, eProcurement, Portal, and Human Capital Management applications will increasingly rely on cutting-edge iXmatch matching software to enable their business transactions.”

iXmatch is the industry’s first matching engine that seamlessly integrates a variety of technologies, including state-of-the-art data mining, collaborative filtering, personalization and information retrieval technologies, into a single solution. “The intellectual property at the heart of our matching technology is secured by this patent,” stated Gopal Sadagopal, iXmatch Cofounder and Vice President of Product Development. “The additional patents we have pending will further cement iXmatch’s status as the forerunner in the matching software category and propel our future success in an exciting growth area of the software marketplace."

iXmatch’s patented technology is optimized for the Microsoft Windows® platform. The company is a Microsoft Certified Partner, and its software is logo certified for Microsoft Windows 2000 Advanced Server. “By leveraging new Web technologies such as XML and SOAP, iXmatch rapidly brought to the market a powerful solution that helps customers achieve high returns on their technology investments,” said Paul Bazley, Microsoft Vice President of Enterprise and Partner Programs. “In the future, using the .NET development platform, iXmatch can provide powerful Web services to its customers,” continued Bazley. “Microsoft congratulates iXmatch on this significant achievement, and we look forward to the company’s continued success.”

About iXmatch Inc.
iXmatch is the leading provider of matching software. It provides the best possible match between supply and demand using proven realtime technologies and patented methodologies. iXmatch is a dynamic matching engine that allows suppliers to accurately describe the features of their products and services and buyers to accurately describe and prioritize their requirements. It adds significant business value to the B2B, B2C, Services (consulting, healthcare, insurance, legal, and financial services) and HR sectors by matching buyers to suppliers, products, or services or candidates to job openings. iXmatch is a Minneapolis, Minnesota company.