Anaqua, the global provider of innovation and intellectual property management solutions, today announced AQX, a leading-edge software platform that enables corporations to align their IP portfolio strategy with their business objectives and provides law firms powerful new automation and business development tools.
Built on modern, fast technologies in conjunction with Anaqua’s clients, the new software offers many benefits including a simplified user interface, data-rich analytics and business intelligence tools, and end-to-end financial management capabilities.
With AQX, users can leverage unique analytics and collaboration capabilities to develop IP assets that directly support their business objectives. The integration of public and private data analytics enables IP executives to easily track their organizations’ level of innovation, evaluate the strength of their portfolio, monitor the competitive landscape, and identify opportunities to leverage their IP to transform the business. Organizations can also measure and manage financial performance through the product’s Financial Management system, which provides IP matter management, budgeting, cost tracking, accruals, invoicing, and e-billing tools to optimize legal spend. The AQX platform allows law firms to mitigate risk, reduce cost and drive growth through unique analytics and differentiated offering.
“Intellectual Property management has become a business function,” said Vincent Brault, Senior Vice President of Product and Innovation at Anaqua. “Anaqua clients believe that IP is the business and they align their IP organization to power innovation, Freedom to Operate and brand protection. With AQX, we are addressing the unmet needs of IP and business executives by providing a software platform that gives corporations a competitive edge and helps law firms differentiate themselves and achieve business success.”
Commenting on the AQX platform, Eyal Iffergan, President of leading industry analysts Hyperion Research, said: "Corporate IP Operations are in the midst of transformative change characterized by both organic and material integration with the business units IP ops serves. With the release of AQX, Anaqua is seeding the heart of the IP Business Management ecosystem with a juggernaut of capabilities specifically designed to catalyze transformation and support core business strategies.”
Bob Romeo, CEO of Anaqua, added: “AQX is not just another release, but a significant step to connecting the IP team to the rest of the business and allows each client to make the system their own. It is a next-generation platform that empowers organizations with the tools they need to best impact their business. In large part, due to collaborating with our clients, we are transforming IP into Business Success together.”
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