VCX Software, Ltd. Transfers IP Model License Agreements - MLAs - to FSA; Transfer Designed to Accelerate Improvement in the IP Supply-Chain as Company Confirms IP Management and Exchange Software Strategy
ST. ANDREWS, Scotland—(BUSINESS WIRE)—May 25, 2005—
VCX Software, Ltd. today announced an agreement with FSA
that will see the industry organization adopt, evolve, and disseminate
the significant body of work contained in the VCX IP Model License
Agreements (MLAs) to its membership.
"VCX Software is establishing itself as a supplier of advanced
software utilities for the management of both internally generated and
externally sourced Intellectual Property. It seems an appropriate time
to enable a transfer of these important work-packages to the body most
able to secure further refinement and ensure dissemination," said Andy
Travers, General Manager of VCX Software Ltd.
The MLAs were developed as a result of a major collaborative
effort that VCX championed over the past several years among IP users,
IP providers, EDA companies, foundries and IP attorneys. The
initiative sought to identify what issues a set of common IP
transaction agreements should address, and then, with significant
financial support, translated this input into the initial MLA forms
and supporting documents, which were used by original IP exchange
facility developed by VCX Ltd.
Commenting on the rational for the agreement with FSA, Travers
said, "The MLA agreements were widely regarded by all contributing
parties as a major advancement that when understood, and utilized
correctly, could undoubtedly improve the efficiency of the IP
licensing process. Given the shift in the VCX business model, it seems
appropriate that the evolution and continued adoption of this work
should be placed in a true industry organization that is actively
involved with all the major constituencies concerned with IP
transactions. FSA has a demonstrated track record of driving the
adoption of important business initiatives that benefits its members,
and we're confident this will be a high priority for them."
"We have established a working group to address this important IP
issue and refine the MLAs for the outsourced environment," said Jodi
Shelton, co-founder and executive director of FSA. "This team will be
working diligently to bring these enhancements to our members."
VCX Software will continue to support the development and
utilization of any future versions of the MLA's, by rapid integration
into its suite of advanced IP Catalog and CRM tools, further
accelerating adoption and deployment of the FSA derivatives.
Closing the announcement Travers commented on the relationship
with FSA, stating, "Working closely with Jim Ensell, chair of the FSA
IP subcommittee and the FSA team, we were convinced early on that they
are absolutely the right organization to take this important body of
work forward and preserve the huge contributions made to it over the
past years by many internationally known companies and experts."
About VCX Software
VCX Software, Ltd. provides software tools, databases and services
to improve the efficiency of using semiconductor intellectual property
(IP) for SOC design. The company's products, which are based on years
of experience and technology development in IP management, are
designed for both users and providers of IP, enabling them to better
prepare, manage, market, locate, evaluate, and acquire IP. This
results in reduced time to market and expense for IP providers and
users. VCX Software also maintains the IP Portal at
http://www.vcxsoftware.com and its supply of information based
services for other players in the semiconductor supply chain. VCX
Software, based in St. Andrews, Scotland, is a wholly owned subsidiary
of Beach Solutions. For more information, see
http://www.vcxsoftware.com.
Contact:
Wired Island, Providenciales, TCI
Mike Sottak, +1 649-941-4218
mike@wiredislandpr.com
or
VCX Software, Ltd.
Andy Travers, +44 1506-404-100
andy.travers@vcxsoftware.com
