IPwe, the world’s first global patent transaction platform, has announced a newly formed strategic alliance with ANYFIVE, a company that integrates R&D and intellectual property rights solutions and services.
Together, IPwe and ANYFIVE are seeking to remove the complexities out of patent transactions, combining blockchain and artificial intelligence (AI) will reduce frictions within the patent ecosystem and unleash the economic potential of patents globally.
IPwe and ANYFIVE have joined forces to co-innovate and develop a comprehensive suite of solutions: from patent analysis and evaluation, annuity payment, patent sale and licensing, IP finance, insurance and consulting.
With this strategic alliance, ANYFIVE becomes a key service partner of the IPwe Platform and IPwe serves as an offshore partner for ANYFIVE’s solutions, hosted on the IPwe Platform.
ANYFIVE maintains a market share of nearly 80% in the Korean patent management solution market. In particular, IPwe will pair its solutions to support whole business cycles and related service technology. With IPwe, the market leader in technology solutions for transacting in patents and patent services, and ANYFIVE’s consulting services for the discovery, creation, and utilization of IP creates credible, innovative and efficient end-to-end solutions to the patent ecosystem. The formation of the alliance between the two companies will bring a significant impact on the global IP market.
“ANYFIVE recognized early on that AI will impact the way patents are managed, transacted and financed. We are excited to partner with IPwe’s transactional expertise. It will allow us to help Korean patent owners unleash the potential of their patent portfolio while reducing the cost of ownership. At the same time, IPwe will propel our own AI solutions on the global market.”
“Korea is a pivotal market,” said Vince Fritzsimmons, IPwe’s COO. “We are thrilled to partner with the expertise and market reach that ANYFIVE brings.”
“ANYFIVE has developed a blockchain expertise as early as 2017. With IPwe, we will be able to deploy a blockchain-based platform and transform it into benefits for the patent ecosystem,” continued Brian JANG, ANYFIVE VP for International Development.
Erich Spangenberg, IPwe’s CEO, concluded: “A day will come when patents will be treated as a standard asset class by investors and finance executives. IPwe and ANYFIVE are making this a reality.”