Salim Kara

Last updated
Salim Kara
SalimKara2.png
Born (1949-06-01) June 1, 1949 (age 74)
NationalityCanadian
CitizenshipCanada (1978)
Occupation(s)Inventor, Entrepreneur
Organization(s)Kara Technology, Inc.
E-Stamp Corporation
iMobile Payment
myiStamp Inc.
Kara Vault Inc.
Known forPC Postage
Spouses
Yasmin Kara
(m. 1972;died 2013)
  • Shainaaz Kara (m. 2016)
Children
  • Shairose Kara
  • Alykhan Kara
  • Alnoor Kara

Salim G. Kara (born June 1, 1949) is an Indian-origin Tanzanian-born Canadian inventor, [1] [2] and Founder-CEO of Kara Technology, Inc., E-Stamp Corporation & and iMobile Payment. [3] As well as the co-founder of myiStamp Inc. [4] and Kara Vault, Inc. [5] He is credited with creating digital postage and is known as its inventor. He holds over 90 patents, 44 of which were issued in the United States. [6] [7]

Contents

Career

Kara migrated to Toronto in 1974 and started a refrigeration business with his two brothers, Sultan and Shiraz Kara. In 1993, he invented 'PC Postage'. In 1994, he secured several patents on a PC-rendered postage stamp. Kara founded a company in Houston, Texas - E-Stamp Corporation - to bring the concept of PC Postage to the American public after first satisfying the United States Postal Service and its consultants at Carnegie Mellon University that the concept could be implemented without risk to Postal Service revenues.

In March 1998, E-stamp got approval by the U.S. Postal Service [8] for the first product under the IBI Program that was allowed to produce electronic postage using an off-the-shelf PC. [9] In 1998, Salim Kara left E-Stamp Corporation, [10] paving the way for it to publicly trade with a market capitalization exceeding US$1 billion. In 2001, the technology, intellectual property and trade names of E-Stamp were sold to Stamps.com, which has recently been acquired at a valuation of $6.6 Billion, by Thoma Bravo, a leading software investment firm. [11] Following his innovative development of PC Postage, Kara proceeded to develop additional concepts for secure Internet based payment systems operating through Kara Technology and later iMobile Payment, Inc. where he developed additional ordering and payment systems, secure virtual tickets and virtual credit cards. His company's core technology was approved by BlackBerry and he became a BlackBerry ISV Alliance Member in 2006. [9]

In 2016, Salim and his son, Alnoor Kara, co-founded myiStamp Inc. and Kara Vault Inc. They have patents pending on their "Stamps on Demand" [4] and "Smart Collision Certificate" technologies. [5]

Lawsuit against Stamps.com

Kara filed a major patent infringement suit against Stamps.com asserting misappropriation of technology. This litigation resulted in a settlement in which Kara Technology, Inc. was awarded US$5.5 million. A Stamps.com press release stated, “On July 27, 2010, [12] the Company entered into binding terms of a settlement agreement with Kara Technology to resolve all outstanding litigation between the parties. Under the terms of the agreement Stamps.com will make a US$5.1 million payment for settlement of all claims asserted in the litigation, will purchase the patents asserted in the litigation for US$0.4 million, and will grant Salim Kara options on 35,000 shares of Stamps.com stock.” [13] [14] [15] [16] [17]

Awards and recognition

Further reading

Related Research Articles

<span class="mw-page-title-main">Postage stamp</span> Piece of paper which shows payment for postage

A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage. Then the stamp is affixed to the face or address-side of any item of mail—an envelope or other postal cover —which they wish to send. The item is then processed by the postal system, where a postmark or cancellation mark—in modern usage indicating date and point of origin of mailing—is applied to the stamp and its left and right sides to prevent its reuse. Next the item is delivered to its addressee.

<span class="mw-page-title-main">United States Postal Service</span> Independent agency of the U.S. federal government

The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas, and its associated states. It is one of the few government agencies explicitly authorized by the Constitution of the United States. As of 2023, the USPS has 525,469 career employees and 114,623 non-career employees.

<span class="mw-page-title-main">Envelope</span> Stationery item used for flat mail

An envelope is a common packaging item, usually made of thin, flat material. It is designed to contain a flat object, such as a letter or card.

<span class="mw-page-title-main">Postage stamps and postal history of the United States</span>

Postal service in the United States began with the delivery of stampless letters whose cost was borne by the receiving person, later encompassed pre-paid letters carried by private mail carriers and provisional post offices, and culminated in a system of universal prepayment that required all letters to bear nationally issued adhesive postage stamps.

This is a partial timeline of significant events in postal history, including dates and events relating to postage stamps.

<span class="mw-page-title-main">Private overprint</span>

In philately, private overprints or commercial overprints are overprints applied to postage stamps, postal stationery or revenue stamps by anyone other than the official stamp-issuing entity. These overprints have principally been used as a security measure, however, propaganda and commemorative examples are also known. When overprinted for security purposes, they serve a similar function to perfins. It is important to distinguish between private overprints and private cancellations.

Stamps.com is a brand and the former corporate name of Auctane, an American company that provides Internet-based mailing and shipping services. Until its acquisition by Thoma Bravo, Stamps.com was a public company traded on the NASDAQ exchange under the symbol STMP. The company's main offices are located in El Segundo, California.

<span class="mw-page-title-main">Personalised stamp</span>

A personalised (or personalized) stamp is a postage stamp on which, for a fee, an image and/or text of the purchaser's choosing may be placed. The stamps vary from country to country, and while some are normal stamps with a personalised label on the left attached by perforations, elsewhere the stamps are more properly regarded as one-piece personalised meter stamps with a colourful design next to the indicia. Stamps produced by Zazzle.com for the United States, for instance, are one-piece, self-adhesive with die cut margins to emulate perforations, and visually very similar to normal United States postage stamps, except for the addition of an information-based indicia (IBI) encoded by little black and white squares along one edge. A serial number appears next to the IBI.

<span class="mw-page-title-main">India Post</span> Statutory Body of India

India Post is an Indian government-operated postal system in India, and is the trade name of the Department of Post under the Ministry of Communications. Generally known as the Post Office, it is the most widely distributed postal system in the world. Warren Hastings had taken initiative under East India Company to start the Postal Service in the country in 1766. It was initially established under the name "Company Mail". It was later modified into a service under the Crown in 1854 by Lord Dalhousie. Dalhousie introduced uniform postage rates and helped to pass the India Post Office Act 1854 which significantly improved upon 1837 Post Office act which had introduced regular post offices in India. It created the position Director General of Post for the whole country.

<span class="mw-page-title-main">Postage meter</span> Machine for printing proof of postage payment

A postage meter or franking machine is a mechanical device used to create and apply physical evidence of postage to mailed items. Postage meters are regulated by a country's postal authority. A postage meter imprints an amount of postage, functioning as a postage stamp, a cancellation and a dated postmark all in one. The meter stamp serves as proof of payment and eliminates the need for adhesive stamps.

Pitney Bowes Inc. is an American technology company most known for its postage meters and other mailing equipment and services, and with expansions into e-commerce, software, and other technologies. The company was founded by Arthur Pitney, who invented the first commercially available postage meter, and Walter Bowes as the Pitney Bowes Postage Meter Company on April 23, 1920.

A Markmanhearing is a judicial proceeding held in the United States District Court for claims dealing with patent infringement. During a Markman hearing a judge is responsible for interpreting the meaning of words and phrases in a patent, ultimately providing what is known as "claim construction." This is also known as claim interpretation. A Markman hearing usually defines the scope of the patent either for or against the inventor. However, effects of the Markman hearing, include (1) what evidence to consider, (2) de novo review on appeal, (3) depletion of judicial resources, and (4) the timing of a Markman hearing.

DataTreasury, located in Plano, Texas, United States, develops, acquires and licenses technology for secure check image capture and storage. As of 2010 the company had 2 employees, about 1000 shareholders and had generated over $350 million in licensing revenue in the previous four years.

Riverbed Technology LLC is an American information technology company. Its products consist of software and hardware focused on Unified Observability, Network Visibility, End User Experience Management, network performance monitoring, application performance management, and wide area networks (WANs), including SD-WAN and WAN optimization.

Michael J. Critelli is the CEO and an investor in The MakeUsWell network of the MoveFlux Corporation. He is the former chairman and CEO (1996-2007) of Pitney Bowes.

<span class="mw-page-title-main">Arthur Pitney</span>

Arthur H. Pitney (1871–1933) was an American inventor and businessman, best known as the father of the postage meter. Pitney filed a patent application, in Stamford, Connecticut for the world’s first postage meter on December 9, 1901. He presented, demonstrated and perfected his invention over two decades – after partnering with Walter Bowes, the postage meter was approved by the U.S. Postal Service. He co-founded the Pitney-Bowes Postage Meter Company in 1920, now known as Pitney Bowes - it is a $6.1 billion provider. Pitney’s invention, the Pitney Bowes Model M Postage Meter, has been recognized as an International Historic Mechanical Engineering Landmark by the American Society of Mechanical Engineers.

Walter Bowes (1882–1957) was an English-born industrialist and sportsman, who came to fame in the United States as the co-founder of technology firm Pitney-Bowes Postage Meter Company

<span class="mw-page-title-main">Murray D. Martin</span>

Murray D. Martin is the former Chairman, President and Chief Executive Officer of the U.S.-based Pitney Bowes. In 2007, he was appointed CEO to succeed Michael J. Critelli. Martin joined Pitney Bowes in 1987 and is best known for Pitney Bowes’ transformation from an American company selling goods and services into a global company.

Nils Aall Krag was a Norwegian businessman, inventor and industrialist. He was the founder of the firm, Krag Maskinfabrikk A/S, now a division of Pitney Bowes.

References

  1. Bransten, Lisa (April 16, 1998). "E-Stamp Aims to Lick A Long Postal Tradition". The Wall Street Journal .
  2. "Start-Up Postage Firm E-Stamp Names Ewald to Succeed Kapoor". The Wall Street Journal . March 3, 1999.
  3. "E-Post Pioneer's Start-Up Flounders". The Online Reporter. January 22, 2001. Archived from the original on March 24, 2018.
  4. 1 2 "Stamps on Demands". myiStamp Inc. Retrieved 2022-08-03.
  5. 1 2 "Smart Collision Certificates". Kara Vault Inc. Retrieved 2022-11-02.
  6. "Patents by Inventor Salim G. Kara". Justia . Retrieved 2018-03-14.
  7. Raga, Rao (January 22, 2001). "E-Post Pioneer's Start-Up Flounders". The Online Reporter. Archived from the original on March 24, 2018.
  8. "Not All Bad: An Historical Perspective on Software Patents". 11 (2). University of Michigan. 2005.{{cite journal}}: Cite journal requires |journal= (help)
  9. 1 2 Bleumer, Gerrit (November 25, 2007). Electronic Postage Systems: Technology, Security, Economics (Volume 26 of Advances in Information Security). Springer Science & Business Media. p. 67. ISBN   978-0-38-7446-06-6.
  10. Patience, Nick (March 4, 1999). "E-Stamp appoints New CEO & Ink Distribution Deals". HighBeam. Computergram International. Archived from the original on March 24, 2018.
  11. "Stamps.com Agrees to Thoma Bravo Buyout in $6.6 Billion Deal". Bloomberg.com. 2021-07-09. Retrieved 2021-10-26.
  12. "FORM 8-K: STAMPS.COM FILES CURRENT REPORT". Washington. Federal News Service. August 3, 2010. Archived from the original on March 24, 2018.
  13. "Stamps.com Sues Pitney". The Online Reporter. HighBeam. June 18, 2001. Archived from the original on March 24, 2018.
  14. "PC Postage Inventor Sues Stamps.com, Claims NetStamps Is a Rip-off.(Kara Technology Inc)". ePostal News. November 8, 2004. Archived from the original on March 24, 2018.
  15. "E-Stamp Settles Patent Litigation With Pitney Bowes". DMNews. July 3, 2001.
  16. Campanelli, Melissa (December 24, 2003). "Pitney Bowes, Stamps.com Settle Patent Lawsuits". DM News.
  17. "KARA TECHNOLOGY INCORPORATED, Plaintiff-Appellant, v. STAMPS.COM INC., Defendant-Cross Appellant". FindLaw . Retrieved March 19, 2018.
  18. 1 2 "Taking Internet Technology to New Heights". NRI World. August 19, 2002.