Digonex® Awarded Patent for Innovative Dynamic Pricing Technology
Digonex® awarded patent for innovative dynamic pricing technology.
Indianapolis, IN (PRWEB) July 19, 2006 -- Digonex Technologies, Inc., an Indianapolis based software development company, announced today that it has been awarded a patent for the Digital Online Exchange (DOE), a dynamic commerce engine that systematically changes prices based upon behavioral and econometric demand marketing principles.
The patent issued yesterday covers the adjusting of price for items, online or off in a dynamic real time fashion. This includes adjusting price based on profit optimization variables that are set before the sale of an item begins and time based price adjusting.
Using a proprietary algorithm system, DOE continuously identifies the ‘sweet spot’ where prices follow perceived market value and generate the maximum economic return. DOE works for any retailer, capturing additional revenue during times of peak demand and stimulating sales once demand subsides.
According to Jan Eglen, CEO of Digonex Technologies, Inc., “DOE is unique because it optimizes profitability while giving consumers fair prices. It’s a new economic system where consumer demand sets the prices and whole catalogues are priced correctly. This is the true long tail economic system. It is a very exciting time; this patent recognizes the pioneering efforts by our dedicated technical and business staff and the support of our shareholders.”
DOE is able to integrate into a variety of database setups employed by clients. Adapting to a growing market opportunity, Digonex has evolved the pricing platform into a flexible, portable technology designed to meet the growing market demand for dynamic pricing infrastructures. A technical overview of DOE can be found at http://www.digonex.com/Press/Digonex_Overview_Press_7_06.pdf
About Digonex Technologies, Inc.
Software developer Digonex Technologies focuses primarily on development of automated and optimized pricing platforms for e-commerce, allowing client companies to increase customer retention, and maximize revenue. Digonex has also developed Nabit®, an important worldwide eBay buyer application. For more information, visit Digonex Technologies’ website at www.digonex.com
Digonex is a registered Trademark of Digonex Technologies, Inc.
Nabit is a Trademark of Digonex Technologies, Inc.
The Digital Online Exchange is covered by US Patent Number 7,080,030
Media Contact:
Chris Pohl
For Digonex
317-638-4150
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