CHICAGO, Oct. 20 /PRNewswire/ -- ICAP Ocean Tomo, the intellectual property brokerage division of ICAP plc (IAP.L) and the world's premier patent auction firm, will auction technology related to the secure administration and evaluation of online tests at the upcoming Fall 2010 Live Auction in Napa, California on November 11th.
With the rise in online education, there has been a significant increase in the number of tests administered over the internet. The US patent and application in this lot provide test administrators with a testing mechanism that ensures a fair administration of online testing using encrypted test files and biometric data. The technology described by the assets also provides for the combination of multimedia such as audio, video, or graphics within the test content. Biometric details (fingerprints, retinal scans, etc.) are taken from each participant and are sent with the participant's test responses in separate encrypted files to a remote server for evaluation. The use of encrypted files enhances security levels, while the biometric data based verification prevents unauthorized access.
As of the start of the 2008-2009 school year, more than 4.6 million college students were taking at least one online course, a 17 percent increase from 2007.(1) "The assets of this lot should be of interest to educational institutes and entities providing online testing services and e-learning programs," said Dean Becker, ICAP Ocean Tomo CEO.
To learn more about this lot and how to participate in the Fall Live Auction please contact Dean Becker at Dean.Becker@us.icap.com.
To view the Fall Catalog online visit http://icapoceantomo.com/auction/fall/catalog.
About ICAP Ocean Tomo LLC
ICAP Ocean Tomo is the intellectual property brokerage division of ICAP and the world's premier patent auction firm.
ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.
(1) "Study: Online Education Continues Its Meteoric Growth," US News and World Report, January 26, 2010. http://www.usnews.com/articles/education/online-education/2010/01/26/study-online-education-continues-its-meteoric-growth.html
SOURCE ICAP Ocean Tomo