GenuNET™ 4.5 Stands as Industry's Most Comprehensive Product
Suite to Minimize Counterfeiting, Gray Market Diversion and IP
Infringement
Boston - Business Wire - November 30, 2005
Brand owners looking to combat intellectual property infringement and
online sales of counterfeit, gray market and stolen products can now
access the industry's most comprehensive online brand protection
solution -- GenuNET 4.5 from GenuOne, a provider of brand protection
management solutions.
Brand owners looking to combat intellectual property infringement and
online sales of counterfeit, gray market and stolen products can now
access the industry's most comprehensive online brand protection
solution -- GenuNET 4.5 from GenuOne, a provider of brand protection
management solutions.
Because of its low barrier to entry and global reach, the
Internet has become a primary factor in the enormous increase of
counterfeiting, gray market diversion and intellectual property theft.
Today, products ranging from networking equipment, footwear, auto
parts, clothing, accessories, pharmaceuticals and electronics are
easily counterfeited and sold online to consumers across the world.
Key GenuNET 4.5 enhancements include: enhanced case management
workflows, increased system speed, broader trade board coverage,
extended coverage to 14 additional eBay country sites bringing the
total to 24 sites, the ability to monitor eBay stores and expanded
database functionality.
GenuNET 4.5 includes the following modules:
-- GenuNET Auctions™: Through an agreement with eBay, GenuNET
extracts and uploads relevant listings, applies specific filters and
alerts enabling organizations to quickly identify suspicious listings
and track suspect sellers across any of the 24 eBay sites of concern.
The system also enables users to automatically terminate and archive
multiple infringing listings at once. GenuOne offers enforcement
services to manage the auction shutdown process on behalf of its
clients.
-- GenuNET Tradeboards™: By tracking hundreds of online B2B
(business-to-business) exchanges, GenuNET reports sellers offering
client products in bulk and at deep discounts from retail prices,
allowing users to gather the information they need to better focus
investigative and legal resources on identifying the source of
counterfeit goods and/or unauthorized distribution.
-- GenuNET PriceWatch™: A proprietary search and parsing system
for tracking global product pricing trends and variances, GenuNET
PriceWatch gives customers the ability to track online product pricing
and regional availability across retail web sites. By analyzing this
data, users can: identify unwanted market activity such as sales of
counterfeit, stolen or diverted products; see long term pricing trends
and geographical availability; and make more informed pricing
decisions.
-- GenuNET Intellectual Property™: Clients can track
unauthorized use of their trademarks within domains (including Top
Level Domains and all country codes) and Intellectual Property
violations or non-compliance issues, within web pages, across the World
Wide Web. Data is categorized according to a pre-defined set of
infringements, yielding high priority and actionable results that
enable clients to manage the integrity of their brand across the
Internet.
"The Internet is a perfect medium for unauthorized product
sales and fraud. With its global reach and low cost of entry, the
Internet provides counterfeiters and unauthorized distributors a
platform to sell to millions of consumers across the world," said
GenuOne CEO, Jeffrey Unger. "Organizations need to understand how
widespread their problem is and proactively protect their brands and
products online. As the industry's most mature and proven solution,
GenuNET arms customers with the intelligence and resources they need to
minimize sales of counterfeit goods, ensure channel compliance and
control the use of their intellectual property. As the online auction
and trade board industry matures, our users can expect that GenuNET
will incorporate a greater number of those sites to its monitoring
capabilities."
"GenuNET is an essential tool for any organization looking to
manage complex sales and distribution channels," said Brett Millar,
Manager, Anti-Counterfeit Programs, Cisco Systems. The ability to
gather detailed and enforceable information is invaluable in helping us
prevent the distribution of counterfeit and gray market products."
About GenuOne
GenuOne provides brand protection
management solutions that secure the products and supply chains of the
world's leading brands from counterfeiting, online piracy and gray
market diversion. Its solution-driven approach combines web-based
software, security tags and professional services into a global brand
protection management system. GenuOne currently tracks hundreds of
millions of unique products across four continents with a focus on
major corporations in the footwear and apparel, luxury goods,
pharmaceuticals and consumer electronics industries. GenuOne is the
only company that protects a company's assets across the global supply
chain and on the Internet.
Contacts
SHIFT Communications
Monica Pandolfi, 617-681-1235
mpandolfi@shiftcomm.com