CHICAGO, IL and Alexandria, Feb. 23, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Wellspring , the leader in enterprise software for scouting, investing in, managing, and commercializing research and intellectual assets, and CPA Global , the world's leading provider of intellectual property (IP) management software and services, today announced at AUTM 2015 a partnership that will deliver a unique 'one-stop-shop' software solution for robust IP management and technology transfer.
The joint offering will provide organizations with a comprehensive and integrated management system for all their knowledge assets - from identification to exploitation - together with a world-class IP renewals capability to ensure that valuable patents and trademarks are maintained and protected globally. Wellspring clients will benefit from access to CPA Global's IP management software, including Memotech and FoundationIP, as well as the Company's renewals expertise. In turn, CPA Global's clientele will be able to leverage Wellspring's knowledge supply chain technology, including Sophia, the software system for accelerating research and innovation management.
The renewals process is a critical stage in the safeguarding of valuable IP rights – and one that is fraught with risk. With over 45 years' experience of managing renewal payments, CPA Global provides industry-leading assurance standards and is trusted by clients to perform over 1.5 million renewals every year. Its IP management software keeps track of when and where payments need to be made around the world, with payments being handled through a worldwide network of offices and agents. CPA Global's renewals service also includes extensive, automated patent and trademark office data verification to help identify potential data inaccuracies.
In a knowledge economy driven by collaboration, success depends on transparency and access: identifying, evaluating, and sourcing technologies, designs, expertise, and other knowledge assets. Wellspring's software captures, curates, and connects the knowledge assets organizations need in an intuitive, efficient way. Used by more than 500 organizations, Wellspring's software products manage the Knowledge Supply Chain, with modules designed for Technology Transfer, Technology Scouting, Corporate Venturing, Intellectual Property, Contract Management, Clinical Trials, Sponsored Research, and more.
CPA Global Chief Executive Officer Tim Griffiths commented: "CPA Global is proud to partner with Wellspring to address client needs across the entire innovation lifecycle. Wellspring provides the software infrastructure and collaborative network to identify, manage, and develop knowledge assets. Our combined solution takes this an important step further, amplifying the value of an organization's research activities by providing highly efficient IP management and peace of mind that intellectual assets are protected."
Dr. Robert Lowe, Chief Executive Officer at Wellspring, added: "With today's announcement, Wellspring clients can easily deal with the complexity of all the global authorities regarding their patents and trademarks. CPA Global offers the convenience to track and make payments so organizations do not have to worry about losing protection. Wellspring now more than ever enables our clients to capitalize on their knowledge assets to out-innovate the competition, while safeguarding their intellectual asset value."
About Wellspring
Wellspring unifies the process of discovery for organizations that transform knowledge into innovation. With research and innovation professionals having to accelerate innovation in today's competitive environment, corporations, hospitals, universities, and government agencies turn to Wellspring to identify useful technology inside and outside their organizations and exploit their knowledge assets. Sophia is the flagship platform solution with a range of modules for organizations to choose and configure to meet their specific needs. Sophia is also connected to Flintbox, the world's largest online exchange of early stage technologies.
Wellspring works with more than 500 organizations worldwide, ranging in size from 100 to more than 100,000 employees. Wellspring's software products manage an organization's complete knowledge supply chain, enabling clients to scale their innovation programs by providing transparency to the knowledge within their organizations, in their partner networks, and emerging on the horizon. For further information, please visit: http://www.wellspring.com
About CPA Global
CPA Global is the world's leading intellectual property (IP) management software and services specialist, and an international provider of outsourced legal services. With offices across Europe, the United States and Asia Pacific, CPA Global supports many of the world's best known corporations and law firms with a range of IP and broader legal services, helping them to manage risk, cost and capacity, and realize greater value for their businesses and IP assets.
CPA Global helps corporates and law firms in managing valuable IP Rights, such as patents, designs and trademarks, ensuring that IP portfolios are protected, maintained and regularly reviewed in order to maximize value. Working closely with its clients, CPA Global ensures they have the best information on which to base IP decisions, and the best support in terms of helping implement those decisions.
Founded in Jersey, Channel Islands in 1969, CPA Global today employs some 2,000 people, serving clients' needs in 200 jurisdictions through its own offices and an extensive agent network. For further information, please visit: http://www.cpaglobal.com .
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