Questel acquires intellectual property services company Concur IP
Today, Questel announces a majority investment in Concur IP, an India and US based IP services company well known for its patent drafting and standard essential patents related capabilities. This investment adds an essential piece to Questel’s existing suite of IP services. Questel can now support its clients throughout the entire IP lifecycle offering patentability search, patent drafting, translations, and international ﬁling, as well as post grant support during licensing negotiations and litigations. Nitin Agrawal and Sachin Sinha will continue to operate as Concur IP’s Co-CEOs post this merger.
“Concur IP’s drafting service will dovetail nicely with Questel’s prior art search service,” said Charles Besson, Questel’s CEO. “Our full suite of services, including International Filing and Translation, meets a growing desire for more efﬁciency and clarity in connection with Intellectual Property costs, which we can now substantially guarantee to our customers”.
After noting Concur IP’s diverse experience, Nitin Agrawal, said “We believe corporate IP departments are committed to ﬁnding cost effective ways to delegate routine tasks, so they can focus their time on higher level activities. Our team of highly skilled and experienced IP professionals, having drafted more than 3,000 patent applications cumulatively, is well positioned to fulﬁl the demand of high quality patent applications at reasonable cost.”
Another key beneﬁt Concur IP brings to Questel is their “Standard Essential Patent (SEP)” expertise, which is already being utilized by large telecom companies and law ﬁrms during licensing negotiations, litigations, and patent acquisitions. “Our SEP services enable companies to determine fair and reasonable licensing terms for standardized technologies. Our methodology is now well established in the market and has been adopted by the court, companies, and economists to calculate royalty rates. With Questel and their sophisticated platforms, we look forward to bringing more transparency in the process of technology standardization and the associated IP practices” said Sachin Sinha.