Oracle buys up IP management firm Sophoi

Oracle has announced it has squired intellectual property rights management firm Sophoi and will be selling its tracking software immediately.

Sophoi specialises in software that tracks the usage of digital media and allows the owners to collect revenues on it. Oracle is rebranding Sophoi's software as Oracle Media Intellectual Property Management.

"With the proliferation of media and entertainment distribution channels, the management and licensing of intellectual property rights and royalties has become increasingly complex," said Liam Maxwell, vice president of Products at Oracle Communications.

"The addition of Sophoi technology to Oracle's product line for the communications, media and entertainment industries is expected to accelerate the adoption of standards-based software to monetise digital content and enable better financial control of content assets."

An early customer is studio Paramount, which uses it to locate its television media use and how it can get royalties for it.

"Oracle Media Intellectual Property Management will allow us to streamline the management and licensing of our product. The software will improve our ability to identify and organize television rights, locate and license those rights to our assets, and track complex licensing agreements, while more easily managing the revenue cycle and the associated accounting" said Abe Wong, CIO, Paramount Pictures.

"This dynamic and automated solution ensures that we can maximize revenue potential of our IP assets and reduce the costs of supporting our business."