Red Hat Selects Lecorpio as Exclusive Patent and Trademark Management Solution
World's Leading Provider of Open Source Software Solutions Broadens Existing Customer Relationship to Include Trademark Management
FREMONT, Calif., Nov. 4, 2014 /PRNewswire/ -- Lecorpio, the leader in cloud-based Intellectual Property (IP) management and analytics, today announced that existing customer Red Hat — an acknowledged business innovator — is now moving forward with the next phase of its IP workflow solution by adding Lecorpio's trademark module to consolidate all assets into one ecosystem and efficiently scale the company's global IP portfolio.
Red Hat uses Lecorpio's IP asset management software to streamline its idea-to-asset workflow and create a cohesive process for better-informed decision-making. Using Lecorpio over the last year, Red Hat has been able to eliminate cumbersome spreadsheets, accelerate the patent filing process and broadly analyze its patent portfolio in real-time.
"Maintaining a strategic defensive IP portfolio is a necessity in today's competitive business environment, and we've made significant strides over the past year using Lecorpio. Lecorpio enables us to strategically analyze our patent portfolio as it relates to current market conditions and that helps ensure that our portfolio remains relevant over time," said Jared Engstrom, senior patent attorney at Red Hat. "The next phase of this strategic engagement involves trademark management. Based on the success we've had thus far and Lecorpio's unique ability to build workflow for our process, we expect to further optimize the management of our intellectual property assets."
In the IP-driven technology industry, trademarks are vital to effective brand management. With the addition of Lecorpio's trademark module, Red Hat can systematize its trademark lifecycle and shape its workflow to create a faster, easy-to-follow process, thereby contributing to its overall IP vision.
"We are delighted to hear that Lecorpio has helped Red Hat take their IP program to the next level. It's great that our IP management and analytics tools have helped them achieve a well-balanced portfolio and increase the number of quality patents granted," said Jay Madsen, Lecorpio's CEO. "We are pleased to expand our working relationship into trademark management and look forward to helping Red Hat maximize the value of its entire IP portfolio."
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.
Red Hat is a trademark of Red Hat, Inc., registered in the U.S. and other countries.
SOURCE Lecorpio
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