First to File is committed to providing in-house and outside counsel with cost-effective tools and services to manage their intellectual property assets. IP Dealroom is a powerful combination of First to File's patent management and work flow expertise and its strong technical experience in developing management tools in the intellectual property space
Boise, ID (PRWEB) April 4, 2007
FTF Technologies Inc. (First to File) announced today it will begin offering a groundbreaking new service called IP Dealroom. IP Dealroom is designed to assist patent lawyers and administrators with merger and acquisitions by providing a secure, web-based file storage system for managing all M&A transaction-related documents.
With the tremendous growth rate of mergers and acquisitions continuing into 2007 in both the U.S. and Europe, patent lawyers and administrators are seeking new ways to ensure the accuracy of their due diligence reviews, obtain greater transparency into the patent portfolio of target companies, and collaborate across long distances. By keeping all the deal documents in one location compliance with new regulations is also a cinch with the IP Dealroom.
First to File's IP Dealroom is a cost-efficient and user-friendly solution that uses the familiar Tri-Fold™ view and provides critical functionalities to help legal counsel with their due diligence reviews, including: quick uploading features, data population and secure access/permission functionalities, full text search capabilities, and document commenting, editing, and collaboration tools.
When the deal is done, IP Dealroom allows acquiring companies to cleanly and electronically transfer all documents. When deals don't go through, IP Dealroom's Escrow feature makes it easy to "unwind" the transaction.
"First to File is committed to providing in-house and outside counsel with cost-effective tools and services to manage their intellectual property assets. IP Dealroom is a powerful combination of First to File's patent management and work flow expertise and its strong technical experience in developing management tools in the intellectual property space," said Faisal Shah, CEO and President of FTF Technologies Inc.
FTF Technologies Inc. is a privately held company headquartered in Boise, Idaho. The First to File® patent management suite of products eliminates the paper shuffle, enhances collaboration, improves quality, reduces risk, increases process control, accelerates prep and prosecution, and provides total visibility of a company's intellectual property assets. For further information, visit the company website at http://www.firsttofile.com.
Sales: Eric Richardson, 866.FTF.FILE (866.383.3453), ipdealroom(at)ftftech.com
Press Information: Sergio Brown, 415.839.9492, ipdealroom(at)ftftech.com