NEW YORK, NY — (MARKET WIRE) — 11/19/10 —
GoIP Global, Inc. (PINKSHEETS: GOIG) (FRANKFURT: 3GG) announced today that it acquired an interest in Add-on Exchange Inc., an SEC reporting company. Add-on Exchange Inc. has filed 2 patents, application numbers 20070180055 and 2070174143, that relate to cloud computing. Terms of the transaction can be found in Add-on Exchange Inc.’s8k filing. http://www.sec.gov/Archives/edgar/data/1415600/000116552710000795/g4471.txt
Cloud computing is Web-based processing, whereby shared resources, software, and information are provided to computers and other devices on demand. Cloud computing is a paradigm shift following the shift from mainframe to client-server in the early 1980s. Details are abstracted from the users, who no longer have need for expertise in, or control over, the technology infrastructure “in the cloud” that supports them. Cloud computing describes a new supplement, consumption, and delivery model for IT services based on the Internet, and it typically involves over-the-Internet provision of dynamically scalable and often virtualized resources. It is a byproduct and consequence of the ease-of-access to remote computing sites provided by the Internet. This frequently takes the form of web-based tools or applications that users can access and use through a web browser as if it was a program installed locally on their own computer. Typical cloud computing providers deliver common business applications online that are accessed from another Web service or software like a Web browser, while the software and data are stored on servers. A key element of cloud computing is customization and the creation of a user-defined experience.
Most cloud computing infrastructures consist of services delivered through common centers and built on servers. Clouds often appear as single points of access for consumers’ computing needs. Commercial offerings are generally expected to meet quality of service (QoS) requirements of customers, and typically include service level agreements (SLAs). The major cloud service providers include Salesforce, Amazon and Google. Some of the larger IT firms that are actively involved in cloud computing are Fujitsu, Microsoft, Hewlett Packard, IBM, and VMware.
Ike Sutton, GoIP Global, CEO, commented, “This acquisition of Add-on Exchange Inc. and its patents bring substantial value to GoIP not only for its potential licensing revenue, when the patents are approved but as a strategic partner for GoIP. Cloud computing is the future of mobile communications applications and we are excited to be involved.”
Day-Trading Penny Stocks