IRunway
Encyclopedia
iRunway is a technology consulting and litigation support
company in the intellectual property
domain. It provides technology analysis in patent
litigation, patent portfolio management and technology due diligence
services to both law firms and corporations.
The company has offices in Bangalore
, India
; Palo Alto, California
and Austin
, Texas
.
iRunway's business is guided by their commitment to delivering success for their clients. iRunway's intense and meticulous focus on the technology components of litigation and patent monetization provides actionable insight - not just data - to free attorneys to do what they do best.
Its founding team was Ravindra Upadrashta, Animesh Kumar and Shashank Kabra– Alumni of the Indian Institute of Technology and Indian School of Business
.
iRunway is ISO 27001 certified and has operations in Austin, TX, Palo Alto, CA and Bangalore, India.
’s outside counsel – McKool Smith
. In 2009, the jury awarded Versata $138.6 million in damages - the 4th highest patent jury verdict in the US that year.
During the re-trial in 2011, the jury awarded Versata $345 million in damages - $260 million in lost profits and $85 million in reasonable royalties.
Patent infringement
Patent infringement is the commission of a prohibited act with respect to a patented invention without permission from the patent holder. Permission may typically be granted in the form of a license. The definition of patent infringement may vary by jurisdiction, but it typically includes using or...
company in the intellectual property
Intellectual property
Intellectual property is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law...
domain. It provides technology analysis in patent
Patent
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time in exchange for the public disclosure of an invention....
litigation, patent portfolio management and technology due diligence
Due diligence
"Due diligence" is a term used for a number of concepts involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations...
services to both law firms and corporations.
The company has offices in Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
; Palo Alto, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
and Austin
Austin
Austin is the capital of the U.S. state of Texas.Austin may also refer to:-In the United States:*Austin, Arkansas*Austin, Colorado*Austin, Chicago, Illinois*Austin, Indiana*Austin, Minnesota*Austin, Nevada*Austin, Oregon...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
.
History
iRunway was established in 2006, with a simple goal of helping corporations and law firms unlock and protect the value of patents. They help their clients achieve better outcomes by providing deep technology insight in 3 key areas - patent litigation, portfolio analysis and technology research around IP.iRunway's business is guided by their commitment to delivering success for their clients. iRunway's intense and meticulous focus on the technology components of litigation and patent monetization provides actionable insight - not just data - to free attorneys to do what they do best.
Its founding team was Ravindra Upadrashta, Animesh Kumar and Shashank Kabra– Alumni of the Indian Institute of Technology and Indian School of Business
Indian School of Business
The Indian School of Business is a business school in Hyderabad, Andhra Pradesh, India and is widely recognized as one of the top business schools in the world. It offers a Post Graduate Programme in Management , a Fellow Program in Management, and a Post Graduate Programme in Management for Senior...
.
iRunway is ISO 27001 certified and has operations in Austin, TX, Palo Alto, CA and Bangalore, India.
Notable Engagements
Versata vs. SAP - iRunway provided technology support and analysis to VersataVersata
Versata is a business-rules based application development environment running in Java EE. It is a subsidiary of Trilogy, Inc.-History:Versata started in the early 1990s as a software consulting company called Vision Software. Over time it developed and sold software for Microsoft Visual Basic...
’s outside counsel – McKool Smith
McKool Smith
McKool Smith, PC is a law firm based in Dallas, Texas founded in 1991 by attorneys Mike McKool and Phil Smith. The 125-lawyer firm has become notable primarily because of major patent lawsuit verdicts won against Microsoft Corporation.-Notable cases:...
. In 2009, the jury awarded Versata $138.6 million in damages - the 4th highest patent jury verdict in the US that year.
During the re-trial in 2011, the jury awarded Versata $345 million in damages - $260 million in lost profits and $85 million in reasonable royalties.