Recognia Files Patent Infringement Lawsuit Against Autochartist

OTTAWA, Ontario -- (BUSINESS WIRE) -- Recognia Inc., a global leader in technical analysis and quantitative research for the financial services industry, announced today that it has filed a lawsuit against South African based MDIO Software CC (a/k/a Autochartist and/or Autochartist.com) and its CEO, Ilan Azbel, in the U.S. District Court, Southern District of Texas (Houston Division), alleging infringement of three (3) U.S. patents: U.S. Patent Nos. 6,801,201; 7,469,266; and 7,469,238. 

The asserted patents relate to Recognia’s inventions concerning methods for determining pattern candidates in time-series data, chart markup and annotation in technical analysis, and providing a financial event identification service.

“Recognia will vigorously protect its intellectual property covering products licensed around the world to retail brokerages, institutions and their trader and investor clients,” said Mr. Rick Escher, President and CEO of Recognia.

About Recognia (www.recognia.com)
Recognia is a global leader in actionable technical analysis and automated quantitative research. Available for more than a decade, Recognia is now accessible to more than 20 million traders and investors globally, providing actionable research and tools to assist in making better investment decisions. With presence in New York, Boston, Ottawa, London, Kuala Lumpur and New Delhi, and partners globally, Recognia has coverage of more than 85 exchanges worldwide, and analyzes more than 65,000 instruments, including equities, indices, ETFs, FX and futures daily.

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