BOSTON, MA--(Marketwire - Jun 27, 2012) - Interactive Tracking Systems, Inc. ("itracks") and Artafact jointly announced today they have come to mutually agreeable settlement terms on the patent infringement lawsuit itracks filed against Artafact in 2008. The terms of the settlement are confidential; however, itracks has agreed to license its patent to Artafact in exchange for monetary consideration. As a result, the pending case in the District of Massachusetts will be dismissed.
The patent itracks offered for licensure is U.S. Patent No. 6,256,663, an invention entitled "System and Method For Conducting Focus Groups Using Remotely Located Participants Over A Computer Network." The patent was issued on July 3, 2001 and subsequently assigned to itracks.
About itracks
itracks is a leading provider of online market research services and the patent holder for online focus groups. Market research professionals and Fortune 500 companies recognize itracks' online applications as client-focused, reliable and flexible. The sophisticated suite of online qualitative and quantitative services is easy to use and comes equipped with a wide range of multi-media capabilities. Visit Itracks' website at http://www.itracks.com/.
About Artafact
For researchers who need a quick and easy solution for conducting online focus groups, Artafact is a virtual focus group facility that replicates a traditional focus group in a collaborative online environment. Artafact online focus groups and online bulletin boards offer state of the art features and functionality using reliable industry standard software. More information is available at www.artafact.com.