CMS and IPDefine announce Global Patent Initiative

International law firm CMS, in collaboration with patent AI specialist IPDefine Ltd., have developed a cutting-edge turnkey solution that is poised to make intellectual property monetization more accessible than ever before. Introducing CMS Umbra.

By combining IPDefine’s industry-first AI innovation with CMS’s legal and commercial expertise, CMS Umbra enables businesses to evaluate, optimize, and monetize their patent portfolios at an unprecedented level of speed and low cost.

Unleashing the true potential of IP

Intellectual property should be enforced with the same level of vigor with which it is protected. When managed effectively, patents can be a significant profit driver for a business, either through technology exclusivity or through license royalties. However, the reality is that many intellectual property registrations sit idle and never see an opportunity to generate revenue.

Toby Sears, IP Partner at CMS, comments: “Patents should actively contribute to business success. We see far too many businesses sitting on their patent portfolios without a clear strategy for management. CMS Umbra has been developed to apply the power of AI to this process, allowing businesses to manage and derive value from their patent portfolios with ease. We arm businesses with a transparent view of both risks and opportunities, enabling more informed, strategic decisions about their IP portfolio.”

Risks of improperly managed intellectual property

According to the World Intellectual Property Organization (WIPO), there are approximately 16 million granted patents in existence around the world. Most patents are registered and held for defensive purposes, but a strategy that focuses exclusively on defense will inevitably miss the opportunity to realize the large profits that patents have the potential to generate.

Emphasizing the critical need for businesses to recognize the varied risks associated with insufficient patent portfolio management, Joel Vertes, IP Partner at CMS, says: “These risks range from reputational damage stemming from counterfeit products to unnecessary management and maintenance costs, decreased profits, and a loss of security and safety for customers. With CMS Umbra, we provide a rapid, data-filtering and analysis solution that addresses and overcomes cost and complexity concerns.”

From cost center to profit leader

Registering and maintaining IP is expensive—but it doesn’t have to be. By switching the focus from maintenance to monetization, businesses can transform their patent portfolio from a cost center to a profit leader.

IPDefine CEO Aaron Mollin comments: “CMS Umbra is a powerful tool, which can give businesses access to accurate valuation and crucial strategic insight on their patent portfolios. IPDefine’s industry-first infringement discovery technology rapidly scours every corner of the internet to identify infringers, providing businesses with oversight of new licensing and litigation targets. By working with the team at CMS, businesses can expertly identify and leverage infringement, ensuring the value of their portfolio is maximized.”

To find out more about CMS Umbra, please visit: Patent commercialization | CMS Umbra | Data Driven Disputes

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