March 02, 2009 03:00 ET
Protecode Launches Software Intellectual Property (IP) Audit Services
Efficient Software Code Licensing and Copyright Analysis, for Establishing IP Ownership and Due Diligence in M&A, Software Commercialization and Litigation Cases
OTTAWA, ON and HANNOVER, GERMANY--(Marketwire - March 2, 2009) - Protecode® Inc. today
officially launched its Software IP Audit service, which provides expert
analyses of software code for Intellectual Property (IP) due diligence. A
comprehensive audit is usually conducted during a specific event such as a
M&A, equity investment, product introduction, demand for IP indemnity, and
commercialization of research work. Protecode Software IP Audit service
identifies licensing and copyright attributes of open source and other
third party content in the software assets of an enterprise, or detects
similarities between two specific code portfolios. Protecode combines its
software licensing expertise with its leading software IP analysis product,
Enterprise IP Analyzer™, to provide an accurate and efficient service.
Protecode's Enterprise IP Analyzer™ is a software solution that analyzes
and identifies all code in any directory, producing customizable reports on
the licensing and copyright obligations as well as other attributes of the
binary or source code.
"We were looking to acquire a leading edge software company, but first
needed a clear understanding of the Intellectual Property obligations of
the software assets. Partnering with Protecode experts helped us plan the
audit, establish IP policies, and interpret the final analysis reports,"
said Sri Kothuri, CEO of TechIT in Herndon, Va. "With Protecode's expertise
and their automated software IP management tools, we obtained more accurate
results in a matter of days rather than months compared to traditional
technical due diligence processes, and at less than 25% of the cost."
Protecode's Software IP Audit service removes IP uncertainties, reduces
risks, streamlines technology acquisitions or transfers, and lowers IP
indemnity vulnerabilities. Protecode works with the internal counsels,
leading IP law firms, investment banks, M&A specialists, and consulting
firms to provide expert, efficient and cost-effective scanning and analysis
of software code in enterprises.
"Testing for software IP cleanliness is equivalent to searching for the
title of a property that is for sale. Nobody thinks twice about the need to
ensure proper ownership. Recent court decisions have reinforced the heavy
costs of not complying with licensing and copyright obligations," said
Mahshad Koohgoli, CEO of Protecode. "Access to fast and effective software
auditing services and automated software governance tools should be
priority issues for software executives as they drive towards acquisitions,
reduced business risks and less costly software development through
outsourcing and use of Open Source software."
Protecode will showcase its products and services at CeBIT (Hall 6, Booth
E30), March 3rd-8th in Hannover, Germany.
Protecode Inc. delivers leading products and services for software
governance and Intellectual Property (IP) Management. Protecode IP Audit
Service is an accurate, fast and efficient process to determine Open Source
and other third party licensing obligations in a code portfolio. Protecode
products include Developer IP Assistant, the software industry's first
real-time IP management solution, Enterprise IP Analyzer, for bulk analysis
and reporting of existing code portfolio, and Build IP Analyzer, for
analysis and ensuring end products meet IP obligations. Protecode products
enable enterprises worldwide to achieve mandated IP governance and
effective rationalization of their source code assets, increasing corporate
value and reducing costs. For more information, visit www.protecode.com.