Anaqua Press Release
CONTACTS:
| Bruce Berman, Brody Berman Associates 212-683-8125 x216 bberman@brodyberman.com |
Ian Reid |
Anaqua Achieves Record Growth in 2007
Intellectual asset management software industry leader saw business
grow by more than 100%
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Boston, Feb 7, 2008 — Anaqua, a leading provider of intellectual asset management (IAM) software and services to global companies, announced record results for the 2007 calendar year. Total business booked grew by more than 100%, while the number of new clients doubled as a growing number of leading brand and technology companies selected the ANAQUA IAM system in 2007, including NXP Semiconductors, Diageo and Eastman Chemical.
“In today’s IP-driven economy, companies face new challenges to grow and protect value. Anaqua is building a collaborative community of IP leaders to develop innovative solutions for these challenges,” said Paul DiGiammarino, CEO of Anaqua. “We’re addressing issues like the impact of changing PTO regulations, growing litigation threats, IP for standards organizations, Open Innovation models and the pressure of ever-tightening budgets. It’s a new model for the IP software industry and I’m delighted by the positive response we’re getting”.
In 2007, the company continued the strong flow of IAM innovation driven by Anaqua's unique client-driven development model. Three new versions of ANAQUA were released during the year with major enhancements. Highlights included:
- A new trademark search and clearance module to automate global clearance projects using ANAQUA’s unique outside counsel collaboration capabilities
- Enhanced invention review processes with automated routing to reviewers and expanded options for re-evaluating business value throughout the life of an asset
- Full text search of IP records and all documents and emails stored in the ANAQUA document repository
- A new Budgeting module with automatic approval of matching invoices captured in ANAQUA’s electronic invoicing module
New service offerings were also made available in 2007. Anaqua introduced a managed application hosting service to allow clients to outsource the management and day-to-day operations of their ANAQUA system. A new premium support service was offered to allow clients to reduce or eliminate the need for application support resources within their IT organization. Over the course of the year, the company doubled the size of its technical staff in development, client services and support to meet the continued growth anticipated in 2008 in both Europe and North America.
About Anaqua
Anaqua’s software helps leading companies grow and protect company value with an advanced, flexible IAM solution used by more than 20,000 users in 100+ countries to manage more than $500 billion in intellectual assets. Companies have saved tens of millions of dollars in annual IAM costs with Anaqua, while increasing licensing revenue, return on R&D and improving alignment of IA with business goals. The ANAQUA IAM solution supports the full IA lifecycle from idea to monetization for all IA categories, including inventions, patents, trade secrets, brands and trademarks. Clients include BAT, Ford, Kimberly-Clark, Microsoft, NXP Semiconductors, Diageo, Eastman Chemical and The Coca-Cola Company. Anaqua is headquartered in Boston, MA, and has a European head office in London. For additional information please visit http://www.anaqua.com.
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