FREMONT, Calif., Oct. 22, 2014 /PRNewswire/ — Lecorpio, the leader in cloud-based Intellectual Property (IP) management and analytics, today announced that Waters Corporation has selected Lecorpio’s intellectual asset management solution to unify its IP program and provide analytics to drive better business decisions.
Waters, a $1.9B Massachusetts-based corporation, relies heavily on its IP assets to stay ahead of its competitors. The publicly traded company has been delivering scientific solutions worldwide to laboratory-dependent organizations for over 50 years. Like many companies, as the value of its IP grew, the company’s processes started to become cumbersome and fragmented and it became increasingly challenging to keep IP strategy in alignment with evolving business objectives.
With a current portfolio of over 1,200 patents and another 1,500 patents pending globally, it was crucial for Waters to have a centralized database to better understand the value of its IP assets. Lecorpio offered a solution that would bring together resources scattered across the globe and unify the management of Waters’ entire IP portfolio, providing critical insight needed to make better business decisions.
In addition, Waters wanted to improve the efficiency of its idea-to-asset workflow. Based on the best practices of some of the most active patent filing organizations across the globe, Lecorpio is providing pre-built workflows that will help to streamline Waters’ existing processes. By delivering the right information, to the right person, at the right time, Waters will be able to optimize filing efficiency and see real-time analytics for each filing.
“After a thorough examination of numerous IP management solutions, Lecorpio was the clear winner because of its comprehensive patent management and out-of-the-box analytics,” said Jamie Rose, associate general counsel at Waters Corporation. “Lecorpio will give us the necessary tools to make faster and smarter business decisions. With Lecorpio, we can easily interpret key analytics and get a clear picture of our complex global IP portfolio. As a result,” Rose added, “we’ll be able to spend our resources more intelligently, eliminate inefficiencies, and ensure our patent filings are aligned with our overall business strategy, which will help our bottom line and keep us at the leading edge.”
Jay Madsen, Chief Executive Officer at Lecorpio added, “We are pleased to welcome Waters to Lecorpio’s expanding East Coast client base. As we grow, it is great to have a leader in the health and life sciences industry leverage Lecorpio as its exclusive patent management solution – demonstrating that our solution can benefit any company for which IP is a key strategic asset.”
Lecorpio, the leader in IP management and analytics solutions, helps innovative companies quickly turn ideas into assets. The enterprise-class suite of applications spans the entire IP supply chain, including invention disclosure management, patent and trademark management, e-billing, licensing management, and general matters management. The platform includes powerful workflow capabilities that easily configure to a company’s business process, and includes an IP dashboard with over 160 KPIs.
With over 500,000 users worldwide, Lecorpio is used by 13 of the top 100 most active US patent filers, including well-known innovators such as Analog Devices, NEC, NetApp, Praxair, and RF Micro Devices.
Learn more at www.lecorpio.com, or on Twitter @Lecorpio.
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