The company is a leading US-based global technology provider. It employs close to 150,000 resources, with operations across the world.
The technology major had an extensive patent portfolio, owning the sixth-largest portfolio of active US patent assets. To maintain a portfolio of this size involved high costs. Therefore, it was critical to evaluate the strength of each patent.
The client wanted to understand the technology and the strength of patent coverage to find relevant prior art and conduct a patent validity search before initiating IP infringement litigation.
Wipro deployed a two-step solution to monetize the client’s large-sized patent portfolio. First, we identified patents with high potential and future scope, using Wipro’s patent ranking process. Next, we conducted a market study using our monetization solutions to identify the companies that needed patent licenses.
With vast experience in the intellectual property domain, a team of techno-legal experts conducted prior art search services for the client. The team was responsible for running patent validity searches using subscription-based patent databases such as Derwent Innovation, Relecura, and Google Patents. Based on these searches, they prepared and delivered exhaustive, high-quality search reports to the client. Prior art search reports helped the client evaluate the strength of its patents and design a suitable strategy against those infringing their intellectual property.
- The solution helped deliver multimillion patent licensing deals by creating litigation ready evidence of use (EoU) claim charts, enforce potential patents against target licensees and help customers successfully execute patent licensing programs.
- 40% cost savings in overall portfolio management, by deploying technology assisted operating models for various IP management services.
- High-quality deliverables were generated by highly experienced (avg. 12+ years) techno legal IP professionals, helping the client win patent licensing deals without opting for patent litigation.