expand on their internal manufacturing capabilities through the development or acquisition of new technology and IP, while also making significant investments to digitize their supply chains further and to develop or acquire AI and robotic process automation technologies to make their supply chains run more smoothly.
So, where does this leave technology companies as we continue to battle through the Covid-19 pandemic? As sectors become more digitized and supply chains become more strained, technology and innovation will continue to be driving forces. Acquiring new technology and IP – particularly in the areas of digitization and data – are motivating factors driving many current acquisitions of new technology and M&A transactions. New technology and IP can help technology companies better understand consumer behavior, strengthen their digital offerings, and alleviate supply chain pressures. Consequently, recognizing and protecting technology and IP, whether in the form of patents, trade secrets, or know-how, and identifying and addressing any gaps, will directly affect a company’s ultimate success.
At Stoel Rives, we have a dedicated team of legal professionals focused on serving the technology industry. We are proud of the work we have done to assist our technology clients in navigating the uncertain times created by the Covid-19 pandemic and look forward to working with them to ensure their future success. You can learn more about Stoel Rives and our technology industry expertise here.