By partnering with Intellectual Ventures and participating in its IP-for-Defense program, we gain the latitude to continue our focus on developing high impact business solutions knowing our trajectory is safeguarded through IV’s support.
Vancouver, British Columbia (PRWEB) May 05, 2015
Yactraq Online, the emerging speech analytics technology startup recently announced its long-term partnership with Intellectual Ventures, the global leader in the business of invention. This partnership provides Yactraq with access to Intellectual Ventures’ patent portfolio of more than 40,000 Intellectual Property (IP) assets, and to Intellectual Ventures’ IP-for-Defense program, a strategic defense tool designed to level the playing field for companies faced with infringement claims from competitors.
“At Intellectual Ventures we believe in the transformational power of novel ideas, and that such ideas can catalyze meaningful progress and represent true, lasting value,” said Cory Van Arsdale, Senior Vice President of Global Licensing at Intellectual Ventures. “Yactraq shares the same strong belief in, and dedication to, the power of ideas that we hold here at IV, and its relationship with us can be summed up in one word: Growth.”
Yactraq specializes in providing next generation data analytics and search solutions for audio-video data through speech recognition technology – an industry where the threat of patent litigation has been used to stymie innovation and deter growth. Through this partnership, Yactraq is uniquely poised to accelerate the emerging field of speech based semantics and drive the adoption of comprehensive business intelligence that consolidates information across all types of data (ranging across Facebook and Twitter text, to YouTube video, Customer Phone Calls, Broadcast Media, Chat Logs and more) into a single dashboard.
Yactraq CEO Jeh Daruvala noted, “By partnering with Intellectual Ventures and participating in its IP-for-Defense program, we gain the latitude to continue our focus on developing high impact business solutions knowing our trajectory is safeguarded through IV’s support. There really is no comparable partner to IV. They provide an invaluable benefit that gives small businesses like ours the chance to openly drive innovation and challenge the industry.”
“We are both proud and excited to be working with Intellectual Ventures,” added Leland Huss, Chief Marketing Officer at Yactraq. “This agreement signifies a validation of Yactraq’s technology platform and unique services, as well as a pivotal opportunity to grow our business with the help of an industry leader possessing a wealth of resources and experience.”
Yactraq provides market leading business intelligence on audio & video media through custom solutions built on their award winning & patent pending speech based semantic computing platform. The Yactraq Speech2Topics platform powers comprehensive intelligence solutions by monitoring digital & broadcast media and analyzing phone calls.
For further information on Yactraq and its solutions, please visit http://www.yactraq.com.
About Intellectual Ventures
Founded in 2000, Intellectual Ventures is the global leader in the business of invention. Intellectual Ventures collaborates with leading inventors, partners with pioneering companies and invests both expertise and capital in the process of invention. Intellectual Ventures’ mission is to energize and streamline an invention economy that will drive innovation around the world.
For further information on Intellectual Ventures, please visit http://www.intellectualventures.com