Book Publisher to have greater management and control over acquisition agreements and associated rights
REDWOOD CITY, Calif.—August 5, 2003—Nextance, Inc., a provider of contract management and related business processes, announced that Houghton Mifflin Company has chosen Nextance for the management of their intellectual property agreements and assets.
Based in Boston, Houghton Mifflin Company is one of the leading educational publishers in the United States, with over $1 billion in sales. Houghton Mifflin publishes textbooks, instructional technology, assessments and other educational materials for elementary and secondary schools and colleges. It also publishes an extensive line of reference works and award-winning fiction and non-fiction for adults and young readers. Additionally, Houghton Mifflin offers computer-administered testing programs and services for the professional and certification markets.
"Managing and maintaining control over our acquisition agreements and associated rights is important to us as a publishing company, said Frederic Pitard, Vice President, Houghton Mifflin. "Nextance has a flexible and intuitive solution which meets our business needs exactly what we were looking for.
Nextance will provide Houghton Mifflin with a rights management solution that will enable them to store, categorize, track, and analyze all of their acquisition agreements and sub-license agreements in a centralized location in addition to more efficiently managing the rights and obligations of their intellectual property agreements.
We are very pleased to be working with Houghton Mifflin, a leader in the publishing industry, said Mitch Kristofferson, Vice President of Marketing at Nextance. This project is another example of how we are extending our solutions far beyond contract management to automate end-to-end business processes.