Published November 15, 2023

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



About CMS

Founded in 1999, CMS is an integrated, multi-jurisdictional organization of law firms that offers full-service legal and tax advice. With 79 offices in over 40 countries across the world and more than 5,000 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate / M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate.

About IPDefine

Founded in 2020, IPDefine is a Tokyo-based AI startup, with offices in New York, which provides global, large-scale patent infringement discovery and patent validity analysis solutions, and supports a wide range of clients, from small and large patent holders, to financial services providers such as private equity firms and hedge funds.



You may also like…

Contact us share your movers & shakers news

The Patent Lawyer - Logo

Subscribe To Our Newsletter

Would you like to receive our popular weekly news alerts straight to your inbox? Solely patent focused and only sent once a week means you can guarantee there will be something you are interested in reading instead of clogging up your inbox with junk. Sign up now!

You have Successfully Subscribed!