Protecode (News - Alert), a privately held company focused on developing and marketing tools for software governance and intellectual property management, has officially launched its Software IP Audit service, which the company said is capable of offering expert analyses of software code for Intellectual Property (IP) due diligence.

 

IP Audit Service helps an organization to prepare for a Mergers & Acquisitions or financial transaction event or in any situation where Intellectual Property clarification is essential.

 

Protecode claims that its Software IP Audit service identifies licensing and copyright attributes of open source and other third party content in the software assets of an enterprise, or detects similarities between two specific code portfolios.

 

By combining its software licensing expertise with its software IP analysis product, Enterprise IP Analyzer, Protecode aims to offer an accurate and efficient service. Protecode’s Enterprise IP Analyzer is a platform-independent software tool developed to analyze and identify all code in a directory, producing customizable reports on Intellectual Property and other attributes of code.

 

The latest version of Protecode’s Enterprise IP Analyzer Enhanced offers partial matching to allow smaller segments of a file to be more easily identified, Improved Report Summary offering the key information in a more “actionable” way and support for JavaScript and Pascal.

 

"Testing for software IP cleanliness is equivalent to searching for the title of a property that is for sale. Nobody thinks twice about the need to ensure proper ownership. Recent court decisions have reinforced the heavy costs of not complying with licensing and copyright obligations," said Mahshad Koohgoli (News - Alert), chief executive officer at Protecode.

 

"Access to fast and effective software auditing services and automated software governance tools should be priority issues for software executives as they drive towards acquisitions, reduced business risks and less costly software development through outsourcing and use of Open Source software," said Koohgoli.

 

According to Sri Kothuri, chief executive officer at TechIT in Herndon, Virginia, Protecode's expertise and their automated software IP management tools, allowed his company to have more accurate results in a matter of days rather than months compared to traditional technical due diligence processes, and a reduced cost.

 

TechIT, was planning to acquire a well established software company, but to proceed that, the company first needed a clear understanding of the Intellectual Property obligations of the software assets. Partnering with Protecode experts helped the company to plan the audit, establish IP policies, and interpret the final analysis reports.

 

Protecode has been serving with the internal counsels, IP law firms, investment banks, M&A specialists, and consulting firms to provide expert, efficient and cost-effective scanning and analysis of software code in enterprises. The company will be showcasing its products and services at CeBIT (News - Alert), during March 3rd-8th in Hannover, Germany.