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Salesforce® case study
Originally Prediction.io
Prediction.io acquired by Salesforce
Client
- Name:salesforce.com, inc.
- Website:http://predictionio.apache.org
The goal
APA filed three patents on behalf of Simon and Prediction.IO, two of which were issued in a matter of months under the Track 1 program with very broad claims. APA's extensive experience with prior art searches, advanced technology, and the processes that accompany them is why these short timeframes could be achieved without compromising the strength of the intellectual property. As the Prediction.IO community grew, it began to capture more and more attention. The company eventually caught the eye of Salesforce, a publically traded Fortune 500 organization with one of the highest valuations for cloud computing solutions providers.
Negotiations between Salesforce and Prediction.IO followed the initial statement of interest, which is where American Patent Agency's patents were truly put to the test. They were so strong that they passed due diligence by a company as expansive as Salesforce in a matter of days. Not only did the intellectual property pass due diligence, it also helped Simon raise the valuation of Prediction.IO during the negotiation and subsequent sale of the company to Salesforce.
Once PredictionIO's patent portfolio was subject to the needs of a global enterprise, filing under the Patent Cooperation Treaty (PCT) emerged as a critical next step to block competitors and protect the community's global users. According to the World Intellectual Property Organization (WIPO), "filing one international patent application under the PCT, applicants can simultaneously seek protection for an invention in 148 countries throughout the world."
APA filed an international application under the PCT on behalf of Salesforce, with all claims approved within four and a half months. This ensures that the two companies can continue integrating without being hindered by concerns over the strength of their intellectual property portfolios.
Result
We hired APA after evaluating several firms in the San Francisco Bay area. In addition to being the most technically competent, they tailored the IP portfolio development process to our specific needs and schedule, and have achieved impressive results within a very short time period.
I highly recommend APA’s services to startup companies hoping to secure intellectual property protection in their early stages of technology and business development.
About Salesforce
Simon Chan started Prediction.IO with a seemingly simple goal - to streamline the development of machine learning (ML) technology. PredictionIO is an open source Machine Learning Server built on top of a state-of-the-art open source stack for developers and data scientists to create predictive engines for any machine learning task. PredictionIO can be installed as a full machine learning stack, bundled with Apache Spark, MLlib, HBase, Spray and Elasticsearch, which simplifies and accelerates scalable machine learning infrastructure management. Today, Simon and his team support a community of more than 8,000 developers that power over 400 apps, with Prediction.IO extending SalesforceIQ's machine learning capabilities and enhancing intelligence across their cloud. Their success was predicated on having a unique, forward-thinking solution that addressed the difficulties of developing machine learning technology. Only with the help of an equally innovative, tech-savvy patent agency was Prediction.IO able to secure the IP portfolio it needed to become part of a cutting-edge, publicaly-traded technology company.