Datatreasury Corporation Offers Technological Services To Companies

DataTreasury Corporation is the name of the company that was established by Claudio Ballard in 1998 and is located at Plano, Texas, United States. The name itself says that the company acts like a treasury for data and that is true. The company stores important data, documents and other information on behalf of several companies and organizations and provide only the authorized people to gain access to restricted information.

The plan for having the company developed after Ballard had invented the secure check imaging technology in 1994. He wanted to have a platform that would help market his technology to companies in need of it. Ballard had gone for dinner to a local pizzeria with his dad on a 1994 evening when he found that the man at the restaurant was storing credit card receipts at shoe boxes. This is when the idea struck him to have a technology that would store such important data in a secure manner.

Ballard knew that his technology would prove to be highly beneficial for the small businesses, banks and financial organizations and wanted these companies to avail their services. He was also sure that the company would prove to be a strong influence for the present and future small inventors and entrepreneurial innovators. According to Ballard, these individual would gain the impetus to create big ideas that would make the industrial elites and corporate giants all over the world sit up and take note.

The banks were highly benefited with this technology as they were spending huge amounts of money in transferring important data, documents and other important information in the wake of the secure check imaging technology. The technology was highly efficient and cost effective solution for keeping data secure. The secure remote image capture with transaction processing and centralized storage is the invention that does away with the shortcomings of conventional imaging as well as the transaction processing techniques.

The company also has the popular Global Repository Platform or GRP that is a state-of-the-art storehouse for securely storing, managing and retrieving different types of restricted information. The GRP is the platform that provides unparalleled levels of security along with accountability. It has been designed for supporting all kinds of files, management as well as retrieval based applications, and document and image storage.

DataTreasury Corporation licenses its extensive patent portfolio to companies independently or merged with their technology. The company only wanted to license its technology to companies that understand, respect and know the value of intellectual property. Problems arose when some of the banks started using the technology of the company as their own; this is when the company had to sue the banks on patent infringement grounds, though many of those banks settled the cause with the bank later.

The company’s own intellectual property is being faced with trials and tests at different courts and also being challenged at the United States Patent Office by defendants. These defendants have access to huge legal budgets and the largest law firms in the world. People who want the license to the company’s patent portfolio must go through their licensing policy.

DataTreasury Corporation acquires, develops and licenses its patent portfolio to companies that know the worth of intellectual property.