LONDON, Aug. 24 /PRNewswire/ -- The world's leading IP management
specialists, Computer Patent Annuities Limited Partnership (CPA) is pleased to
announce it has completed the acquisition of Minneapolis based FoundationIP
and has taken a controlling stake in Minneapolis and India based Intellevate.
"These acquisitions are part of our diversification strategy to further
enhance CPA's ability to deliver a wide range of IP support services," said
Peter Sewell, CPA's Chief Executive Officer. "Through our stake in
Intellevate, we connect to the leading IP outsource support organisation.
Through the acquisition of FoundationIP, we acquire the industry's leading
tool for delivering those services."
FoundationIP and the Intellevate service companies were founded in 1999 by
Steven Lundberg and the law firm of Schwegman, Lundberg, Woessner & Kluth,
P.A., US based patent attorneys and have added over 100 new customers in the
last year. According to Lundberg, "FoundationIP allows IP lawyers to share
information in real-time, harness the power of e-automation and allows work to
be done wherever it can be achieved most effectively. In other words it
enables a true global workplace. FoundationIP has allowed us to establish a
large IP support team inside the Intellevate India facility and use it to
deliver high value, low cost IP support services to Schwegman clients."
According to Leon Steinberg, Intellevate's CEO, "We are excited to become
part of the CPA Group. We have been growing over the last two years at a
blistering pace, as US based outsourced IP services and India based offshore
services have gained legitimacy. Although we have been profitable, financing
our growth has been a challenge. CPA offers us the financial resources to add
personnel and facilities. They also give us access to their significant
Corporations have been offshoring legal services for several years.
However, this is the first instance where a major name in IP management
services has acquired an outsource/offshore provider of legal support
services. This transaction is evidence that offshoring is becoming
With facilities in India and the US, Intellevate offers its US customers
both on-shore and offshore legal support services. It exclusively serves
intellectual property law firms and in-house legal departments. Its services
include prior art searching, docketing, proofreading, paralegal services and
patent illustration. Its world-class facilities and security provide a cost
effective option for law firms to increase capacity and quality. To learn more
visit the company online at http://www.intellevate.com .
FoundationIP provides an intuitive, integrated, customizable environment
for corporations and law firms to manage IP matters in a collaborative manner.
The system is offered primarily in an ASP environment, meaning that there is
no software to buy or equipment to purchase or maintain. The system's
customizable workflow allows users to save money by streamlining and
automating the IP prosecution process the way they want. To learn more, visit
the company online at http://www.foundationip.com .
CPA is the world's leading IP management specialist. With over 35 years of
patent and trademark experience and approximately 40,000 clients across the
globe, CPA performs over one million renewals annually. Spanning IP
administration, surveillance, systems and strategy, CPA's products and
services include: software systems, patent, design and trademark renewals,
trademark searching and watching, domain name management, Internet monitoring
and patent analytics reports and consulting. http://www.cpaglobal.com
About Schwegman, Lundberg, Woessner & Kluth
The Schwegman law firm is nationally known for its pioneering practice
management methods and technology in the intellectual property area. These
methods and technology, combined with its excellent attorneys, have resulted
in the firm being recognized three years in a row as producing some of the
highest quality patents in the United States. http://www.slwk.com