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LPO provider CPA Global has opened its first office in mainland China and acquired a Silicon Valley-based company to expand its IP management offerings.
The company has opened an office in Shenzhen, a city in Southern China bordering Hong Kong. The new office has launched initially with four client service and sales staff, but is supported by CPA’s Asia Pacific regional headquarters in Hong Kong.
CPA CEO Peter Sewell said in a statement: “China is today the world’s fastest-growing market for IP and one of the top filers of international patents. We’re seeing increasing demand for professional IP management services and IP software in the country, both from domestic Chinese corporations and law firms, as well as overseas companies and law firms that are focusing on the China market.”
Sewell also indicated that the company plans to open offices in Beijing and other cities in China over the next 12 months.
According to the company’s senior vice-president in Asia, Joanne Hon, China’s expenditure on research and development is now second only to the US and the rapid increase in patent filings originating from China is set to continue.
“More and more Chinese companies are not just recognising the importance of protecting their IP, but also of managing their intellectual assets more effectively to maximise the value,” Hon said.
CPA has had a presence in China since its Hong Kong opening in 2009 and have been providing services to Chinese clients such as Shenzhen-headquartered technology giant Huawei Technologies, IP agency China Patent Agent and IP law firm China Truer IP.
Earlier this month, the company acquired First To File, a Silicon Valley-based developer of electronic document management systems for the IP industry.
Last year CPA appointed Anand Sharma, its chief financial officer and head of management services in India, as head of legal service outsourcing (6 February 2012) to fill the gap left following the departure of Leah Cooper, who had joined the business from Rio Tinto, where she was managing attorney and a big advocate of legal process outsourcing (16 February 2010).