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IP Management Company CPA Global Goes Paperless with First to File Acquisition
CPA Global has gotten one step closer to a paperless intellectual property management system with its recent acquisition of electronic document management provider First To File.
The acquisition of First To File will allow CPA Global clients access to an IP-tailored electronic document management system through either an independent service or as part of CPA Global's IP management software solutions. The latter choice is nothing new since both companies have many clients that are using each other’s products in an integrated solution, however, the current level of integration between the products will increase with the new acquisition.
CPA Global's move to buy First To File is part of a developing trend among IP companies.
"There is a clear trend within the IP community to move from paper to electronic document storage, driven by technological advances and changing business practices, as well as cost and sustainability considerations," Peter Sewell, chief executive officer of CPA Global, said in a statement. "Clients have been increasingly seeking support of paperless IP management, and I'm delighted that CPA Global can now provide this as part of our portfolio of value-added IP management services, with the acquisition of First To File."
Sewell is confident that the acquisition with be beneficial not only to his own company, but to First To File, as well.
"First To File is an innovative company with excellent products and technical capabilities, strong client relationships, and high levels of customer satisfaction," Sewell continued. "With CPA Global's backing in terms of investment, resources and our international network, First To File will be able to develop its potential and achieve further success as part of a major international group and the market leader in IP management."
James Bergeron, chief executive officer of First To File, echoed Sewell's sentiment.
"First To File is an established industry leader and technology innovator in providing digital IP document management solutions," Bergeron said in a statement. "CPA Global is also an industry leader and, with their support, I'm confident First To File will be able to reach new levels of product development, service delivery, and market penetration."
Edited by Brooke Neuman