Ianitor, the company formed by former staff members of JSE-listed secure electronics transaction company, Prism Holdings, yesterday withdrew its application for leave to appeal against a temporary interdict preventing them from selling technology based on Prism`s GSM intellectual property. Ianitor has also tendered Prism`s costs.
Ianitor`s application was scheduled to be heard in the Witwatersrand High Court today. (Friday January 25, 2002).
This follows an order handed down by Justice Hoffman in December 2001 indicting Johan Liversage, MD of Ianitor and 10 employees from marketing or selling software copied or adapted from Prism`s AirComm or AirTrax GSM middleware products. This technology is used to transmit SMS text messages and conduct transactions over a cellphone.
The order also required all the respondents` copies of products based on Aircomm and Airtrax to be handed over to the Sheriff of the court and it instructed Liversage to comply with a restraint of trade agreement.
Meanwhile, in line with the interdict`s requirements, Prism has instituted action aimed at making permanent the relief granted in the temporary interdict.
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