Press release | April 25, 2012
Foreign Filing Technology Leader Helps Create Market Category and Becomes One of the World's Top Patent Filers
On the eve of World IP Day, inovia, the leading foreign filing platform provider, celebrates its 10-year anniversary providing companies, law firms and universities with a powerful technology solution for reducing the cost and complexity of Patent Cooperation Treaty (PCT) national stage entry, European patent validation and patent translation work. Today the global instruction platform, inovia.com, has more than 2,500 users which placed inovia third in the world and first in the United States for PCT filing firms, according to annual rankings by Managing Intellectual Property magazine.
The company was founded by Australian patent attorney Justin Simpson who knows firsthand how expensive and time-consuming the tasks of entering the PCT national phase, validating European patents and securing high-quality patent translations can be. Recognizing a market need for a web-based tool to ease the administrative burden, communication and management of the foreign filing process, he created PCTFILER, the predecessor to the modern-day inovia.com. Today, inovia.com is recognized by the World Intellectual Property Organization (WIPO) as a notable invention, has a global network of agents in more than eighty countries, and has coordinated more than 20,000 foreign patent filings totaling more than $50 million to date.
"As a patent attorney, I saw an immediate and dire need for a technology solution that would allow attorneys and law firms to streamline portions of the foreign patent filing process," said Justin Simpson, founder of inovia. "But what really sets inovia apart is our ability to deliver cutting-edge functionality like the 1-click quote tool and agent choice – both revolutionary features for the industry. As a result inovia customers are able to save both time and money on foreign filing."
inovia originally launched its popular 1-click quote feature in September 2010, which enabled patent applicants and their attorneys to get an instant quote for filing through inovia's global network of agents. Now, inovia.com lets users receive a quote for any agent in the world. Clients now have the flexibility to instruct an inovia agent or their own preferred associate – or a combination of both – all in one place, on one invoice and in just one minute.
Major law firms and patent applicants the world over have been quick to embrace inovia as a trusted, strategic partner:
Demand for outsourced IP solutions increases year-over-year. According to the annual report, The 2012 U.S. Global Patent & IP Trends Indicator, there was a 300 percent increase in organizations outsourcing foreign patent filing in the 2012 study, demonstrating that U.S. patent holders are being more strategic about their approach to foreign filing with an eye for keeping IP costs low.
"It's been an exciting decade for inovia with many milestones achieved," said Joe Marino, President of inovia. "But what has been most impressive over the last 10 years is how we've changed the industry's way of thinking and put emphasis on cost, quality and efficiency when it comes to foreign filing."
inovia is the global leader in foreign patent filing, having served more than 1,500 clients. Its global instruction platform, inovia.com, simplifies the PCT national stage entry, direct (Paris Convention) filing and European validation processes. With headquarters in New York, offices in London, Munich and Sydney, and agents covering 130 countries, inovia provides support in all major time zones and IP jurisdictions. inovia's patented technology pioneered online foreign filing and is recognized amongst WIPO's most notable inventions. For more information visit inovia at www.inovia.com and follow the company on Twitter @inoviaIP.
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