ATLANTA, Dec. 1, 2004 (PRIMEZONE) -- iLumen 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(r) 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/global_benchmarking.htm
About iLumen
iLumen, Inc. is a financial information and technology firm that develops web-based systems to streamline the transmission of private company financial data and produce real-time analysis and benchmarking. The Company's flagship product, iMonitor(r) (patent pending), is an electronic financial information platform that enables oversight for banking, accounting and corporate operations. iMonitor gathers, standardizes and analyzes financial reporting data to provide next generation standards-based benchmarks and trend analysis.
For more information visit www.ilumen.com or call 404-446-1601. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.
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