Daikin Selects IPfolio from Clarivate
Rhea-AI Summary
Clarivate Plc (NYSE: CLVT) announced that Daikin Industries has selected IPfolio™ to optimize its intellectual property assets management. The leading air conditioner manufacturer will use this cloud-based solution to enhance operational efficiency, manage increasing IP filing volumes, and eliminate manual processes. IPfolio will be implemented across Daikin's global offices to facilitate collaboration through connected services and integrations. The solution's configurability will help Daikin meet its unique IP asset management needs while enabling more confident strategic decision-making and sustainable growth.
Positive
- New client acquisition with Daikin Industries, a leading air conditioner manufacturer
- Expansion of IPfolio solution to global offices, indicating potential for recurring revenue
- Strategic partnership for IP management solutions with a major manufacturer
Negative
- None.
Insights
The selection of IPfolio by Daikin Industries represents a strategically neutral development for Clarivate. While securing a major client like Daikin, a leading global air conditioner manufacturer, demonstrates market competitiveness, this type of software licensing deal typically generates modest recurring revenue rather than significant immediate financial impact. The partnership highlights Clarivate's strength in IP management solutions but is unlikely to materially move the needle on overall financial performance.
The implementation across Daikin's global offices suggests potential for expanded usage and recurring revenue streams. However, without disclosed financial terms or contract duration, the direct revenue impact remains unclear. This deal reinforces Clarivate's position in the IP management space but should be viewed as part of normal business operations rather than a major catalyst.
Enhancing operational efficiency for leading air conditioner manufacturer
IPfolio will support Daikin's IP teams in maximizing operational efficiency, keeping pace with increasing IP filing and data volumes, and eliminating manual processes. As an easily configurable solution, IPfolio will help Daikin meet its unique needs for managing its IP assets. In the future, Daikin will also use IPfolio for its global offices to facilitate collaboration through connected services and integrations.
Glen Nath, Senior Vice President, Intellectual Property, Clarivate, said: "We are very proud to provide our IP management solution to Daikin to help them transform their IP management. Our IPfolio supports Daikin to efficiently manage its IP assets with maximum control and minimal effort, giving its business a competitive edge."
Gordon Samson, President, Intellectual Property, Clarivate, said: "This is another great example of how we connect our clients to leading solutions to ensure an IP-empowered future. We are confident that our powerful and flexible cloud-based solution will empower clients to make strategic IP decisions with greater confidence and efficiency."
Mr. Takeo Abe, General Manager of Intellectual Property Department at Daikin, said, "As the Intellectual Property Division is transforming into a creative division, we have decided on Clarivate as a partner to build a new system to optimize and innovate our IP operations. We believe IPfolio is the best system to achieve our goals with its high flexibility and diverse features."
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
Media Contact:
Jack Wan, Director, External Communications
newsroom@clarivate.com
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SOURCE Clarivate Plc
FAQ
What solution did Daikin Industries select from Clarivate (CLVT)?
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