Rockwell Automation Chooses Lecorpio to Maximize Value from IP Portfolio
Leading Industrial Automation Company Taps Lecorpio to Accelerate the Process from Idea to Asset
FREMONT, Calif., Sept. 10, 2014 /PRNewswire/ -- Lecorpio, the leader in cloud-based Intellectual Property (IP) management and analytics, today announced that Rockwell Automation has entered into an agreement to use Lecorpio's intellectual asset management solution to help speed innovation and make better business decisions.
Rockwell Automation, the world's largest company dedicated to industrial automation and information, has annual revenues in excess of $6B and employs 22,000 people. Last year, Rockwell reviewed hundreds of disclosures and was granted 126 U.S. patents. Going forward, the company is looking to gain more business value from innovation by accelerating the growth of its patent portfolio and by expanding its patents in key international markets.
In order to differentiate in a competitive marketplace, Rockwell has made managing its IP assets a top strategic priority. To elevate the value of its IP, Rockwell selected Lecorpio to help accomplish the following critical objectives:
- Faster time to asset: In a first-to-file environment, it is critical to move from invention to filing quickly. Rockwell selected Lecorpio to eliminate time-consuming manual entry, and allow its 10 patent review committees to move from idea to asset quickly.
- Secure end-to-end view: With a small internal IP department, Rockwell depends heavily on its international outside counsel team. Lecorpio's open solution will not only provide the Rockwell team with a comprehensive view of all IP data, but it will also allow Rockwell to securely share information between its vast network of outside counsel.
- Informed real-time decision making: In order to make better business decisions, Rockwell required a tool that provided a depth of rich analytics. Alongside its integrated analytics, Lecorpio's configurable offering will allow Rockwell to create a personalized view of its data.
- Open platform: With many different point solutions in place, Rockwell needed an open solution. Lecorpio's open platform can work with many different vendors and will not require an overhaul of established processes.
"After reviewing numerous potential suppliers, we concluded that Lecorpio was the right choice for us," said Alex Kuszewski, senior IP counsel at Rockwell Automation. "Their solution removed many manual processes and allowed us to deliver the right information to the right person in a timely manner. By giving us insight into the entire IP process and accelerating the process from idea to asset, we expect to be able to maximize the value of our IP." Kuszewski added, "We pride ourselves on being among the world's most ethical companies and we wanted to work with a partner whose core values closely mirrors our own. Lecorpio's solution and team fit the bill on all counts."
Jay Madsen, chief executive officer at Lecorpio added, "We're delighted to welcome a company of Rockwell Automation's industry stature to the Lecorpio family. As with the recent MarketView report from Hyperion Research, announcing Rockwell Automation as a Lecorpio customer is yet another piece of market validation that both our solution and our business approach are hitting just the right chords."
About Lecorpio
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 like Analog Devices, NEC, NetApp, Praxair and RF Micro Devices.
Learn more at www.lecorpio.com, or on Twitter @Lecorpio.
SOURCE Lecorpio
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