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IPX provides fee-based IPM Consulting Services to help organizations research, maximize, and expand their IP value and align their IP strategy with their global strategic goals.
IPX builds productized software modules vis a vis lighthouse customer development.
IPX provides an integrated hosted solution for organizations seeking to manage their IP portfolios more effectively.
IPX, having used its proprietary tools organize, analyze, optimize, and expand technologies and markets, will take financial and management roles in the commercialization of Intellectual Property assets with clients where it has assisted them in developing and executing integrated IP strategies.
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Many market forces that will drive the adoption of IPM products and services over the next decade, there are three factors that will create a significant shift in organizations IP Focus. in the next two years for services where IPX has a competitive advantage. The three factors that are aligning to create the perfect storm are: Sarbanes – Oxley; Open Source Software; and Global Sourcing / Offshore Development. Any one of these alone is providing significant opportunities for IPM, but intersection of the three creates a compelling business proposition.
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The Open Source movement, with products like Linux, mySQL, and JBoss continues to gain momentum and represents significant opportunities and challenges for IP management. There’s lots of open source software out there. There’s not a single Open Source license and some of them are extremely onerous. The General Public License (GPL) provides very strong ownership rights back to the Free Software Foundation in exchange for use of Open Source Software. This creates potential devaluation of a company’s assets if it has leveraged these Open Source materials in a way that impacts its ownership of key IP.
Moreover, the GPL is unable to police itself as is evident in the case of Linux. There is no monitor of the IP that is transferred into the Open Source portfolio. This creates potential liabilities for companies that utilize these resources. In addition to IBM, Daimler Chrysler is being sued for breach of contract for use of Linux. So, there is no free lunch and no free software.
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One of the most pervasive trends in Software development, is Global Sourcing. While once reserved for large multi-national corporations, global sourcing is fundamentally changing the global software industry. One of the risks of global sourcing (especially in countries that do not have a history of protecting IP rights) is that open source code is utilized in a way that brings into question ownership. |
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As a predictable to corporate fraud, Congress has passed laws that place onerous requirements on companies related to financial reporting and financial reporting systems. This legislation has heightened the need for more accurate assessment of various corporate assets and liabilities. McKinsey and Company estimates that SOX compliance will be a $20B industry in 2005. One of the issues that must be addressed to comply with SOX is IP risks.
Intellectual Property (IP) is one of the least understood and most poorly managed assets of most organizations and may represent either the single largest annuity-revenue opportunity –
Companies and institutions are seeking ways to integrate IPM into their capital, operating, and competitive strategies. This integrated Enterprise Asset (both tangible and intangible) Management approach has been extremely fragmented, with no one able to integrate all aspects of understanding into strategic and financial asset management. Current service providers are too small, fragmented, and have viewed the business too long in silos to catch on to the changing needs of institutions and companies in IP management.
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