19 March 2018
visit www.ebaday.com

IIIR suspends 'Gmail' service

19 January 2006  |  4745 views  |  0 Boxingglove

Independent International Investment Research (IIIR) is to shutter its Pronet FX business in Europe and the US as a long-running trademark dispute with Google over use of the Gmail brand continues to simmer.

The dispute between the two firms began in April 2004 when California-based Google announced the launch of the Gmail e-mail service.

IIIR, which was formerly known as Market Age, claimed that the Gmail name infringed the trademark of a Web-based e-mail service operated by its Pronet Analytics subsidiary - called g-mail - which was launched in 2002. The group had registered the name with US trademark authorities just prior to the launch of Google's e-mail service in the UK.

Talks between the two companies broke down in August last year, as IIIR sought a settlement worth $1 million a year, comprising a $500,000 annual licence payment and $500,000 in advertising credits. Google has dismissed these claims as "exorbitant". In October, teh Web search giant announced that it was changing the name of its e-mail service in the UK to Google Mail, but that it would continue to lobby the trademark office and the courts to ensure its ability to use the Gmail brand.

In todays statement, IIIR says Google intends to make the process "as long and as expensive as possible". The firm adds that due to the "the regrettable diversion of resources" caused by the Google dispute, it will withdraw its current foreign exchange G-Mail service in Europe and the US with immediate effect "until the matter is resolved in court".

IIIR says dialogue with parties in relation to funding of related litigation is continuing and other growth areas in the company will ensure that revenues do not fall below market expectations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

IIIR forces Google name change in the UK

IIIR forces Google name change in the UK

20 October 2005  |  8477 views  |  0 comments
'We've got Gmail' The Market Age tells Google

'We've got Gmail' The Market Age tells Google

07 April 2004  |  5618 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
9060 views comments | 28 tweets | 39 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8479 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7244 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
7192 views comments | 15 tweets | 29 linkedin
AI augmenting compliance processesAI augmenting compliance processes
6945 views comments | 3 tweets | 5 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job