2013-01-23 07:47:14 - IP Frontline, the World’s No. 1 IP Portal, will be sold by sister company, Pantros IP. After quadrupling readership, CEO makes decision to sell and focus business growth on expanding primary product line.
Sacramento, California - Decision announced today to sell top Intellectual Property and Technology News Platform came as a surprise to some. As one of the world’s largest online news archives with 7 news channels and a European IP news department, this media portal is quite viable.
The Chief Executive Officer of Pantros IP, Colleen Henderson, states, “Pantros IP has always been my first priority and in choosing to pursue our plans for expansion of our remarkable patent search and portfolio management software, I have made the decision to sell IP Frontline in order to focus solely on the continued growth of Pantros IP and its products.”
Economies around the world are looking to cut costs and streamline operations, but at IP Frontline,
they have everything in hand. So why did Henderson decide to sell the company? She stated, “Over the last 3 years we have more than quadrupled our readership. IP Frontline is currently the number 1 read IP news platform in India and in the United States it has reached a level that would benefit from additional expertise in order to expand it even further.”
IP Frontline provides news and information on intellectual property from around the globe to the IP and technology community. They have daily news reporting and more than a thousand contributing authors, as well as a European channel focused solely on IP news in German. This specialty asset also offers an extensive database of IP and technology related articles on subjects such as IP Law, IP Licensing, Politics related to IP and the Law, Court Cases, Copyright and Trademark Infringement, the latest Technology, Green Tech, and Patents.
When asked about her decision, Henderson goes onto state, “We are proud of what we have accomplished, but at the same time our core business is Pantros IP. Offering IP Frontline for sale is a strategic decision based solely on our intention to focus our resources on the fundamental growth of the Pantros IP product suite.”
Pantros IP, market leader in concept-based patent search and IP management software was formed in 2009 and acquired PatentCafe who has received industry-wide recognition for developing one of the first concept-based search engines using natural human language. This was the first and still remains the only one of its kind used at the professional level. In discussing future plans for Pantros IP and why this affects IP Frontline, Henderson said that as Pantros IP moves into 2013, the system enhancements and products they are planning to roll out require intensive preparation and development.
This leaves just one question unresolved in the minds of the industry… With this major IP and technology news platform up for sale, who will be the first to make an offer?