Best FastEpisode #3:  Was “Claimatrix” a UK company with a relationship to Capital Markets Technology?

In paragraph 486 of his ruling, Judge Campbell talked about a “…a 2011 slide presentation referring to CMT as the company which “delivers” Claimatrix (reference to another tech company and its services) in the UK.”

Campbell’s contention that Claimatrix was some obscure UK company is absolutely false! No where is there evidence that Claimatrix was a “company” at all:   claimatrix is a claims-processing software program  fully-owned by CMT!

It seems obvious that Campbell’s error came from his acceptance of this same error made by Steve Dowling in an affidavit he swore within which he said:

“Mr. Maines explained that CMT had an ownership interest in an established UK business referred to as “Simplex” that apparently marketed a technological
process for automated financial markets transactions processing. CMT was
slated to buy certain software assets of another UK company referred to as
“Claimatrix”, which could be monetized profitably in contract with and/or in
partnership with Simplex.”

Notice the grammatical ambiguity in the phrasing of “…to buy certain software assets of another UK company referred to as “Claimatrix”.”    Do the words “referred to as Claimatrix” connect back to “certain sofware assets” or the “UK company”?   Campbell opts for “UK company,” despite overwhelming evidence in the documentation before him that it was CMT’s software essential to the project.

For Judge Campbell to acknowledge that “claimatrix” was a patented software technology fully-owned by CMT and essential for the delivery of the Financial Transaction Platform in PEI would highlight how CMT and Simplex were indeed true “technology partners” – as the Auditor General confirmed – with each company owning an integral part of what would be required to establish a financial transaction platform in PEI.  Campbell’s insistence that CMT had nothing to do with the e-gaming or financial transaction platform throughout his 172 decision completely falls apart with a recognition of what “claimatrix” really was: patented software and not a company.

Consider what Paul Jenkins said about Claimatrix in his sworn affidavit – again, something Judge Campbell completely ignores in his ruling:

MacDonald: Okay. Fair enough. Claimatrix. At the time you invested, what did you understand Claimatrix to be?
Jenkins:  A reconciliation software. The background software for these claims.

Elsewhere in the same sworn testimony Jenkins stated that explains:

“It wasn’t till after that I understood that Simplex is its entity and CMT, through a process of negotiation, had ended up with 32 percent of Simplex; because Simplex, you  know, wanted some piece of CMT’s software. But I didn’t understand that at the time.”

There should have been no room for confusion about Claimatrix in Judge Campbell’s mind: in Paul Maine’s affidavit he explicitly says “Claimatrix, which CMT owns.”

The Truth?

There were numerous documents before Judge Campbell that mention and explain how CMT owned “Claimatrix” software used to process claims in the Financial Transaction Platform technology owned by Simplex. The “partnership” between Simplex and CMT hinged on the central importance of Claimatrix software.  Campbell’s misrepresentation of Claimatrix as a UK company – and completely ignores referencing the facts in other documents that were before him concerning how CMT’s claimatrix technology was a central and essential component necessary for the financial transaction platform initiative with the PEI government.