Rightsline, a rights and finance management platform for the media and entertainment industry, announced that it has acquired Real Software Systems to expand its leading intellectual property rights management services to fully support supports end-to-end financial and royalty workflows while simultaneously expanding its media and entertainment market into games, publishing, consumer products, life sciences and high technology, among other industries world.
“Prior to this acquisition, Rightsline was already the established leader in managing Hollywood’s global intellectual property rights,” said Patrick Arkeveld, CEO of Rightsline. “With this acquisition, we have assembled a suite of products designed to manage the entire IP monetization lifecycle for nearly any business, in any industry, anywhere in the world.”
Real Software Systems’ flagship platform, Alliant, automates contract rights, royalty accounting, revenue sharing, and profit sharing for over 70 notable companies with a wide range of underlying intellectual property.
Real’s customers include pharmaceutical and life science companies, including Gilead and Merck; technology companies such as Dell and Infor; game makers like EA and Ubisoft; publishers such as Getty Images and Thomson Reuters; media and entertainment brands such as Legendary and MGM; and consumer-focused companies such as Hallmark and American Greetings.
“The wide range of industries using Real’s Alliant platform reflects two key points,” says Kira Baca, chief revenue officer at Rightsline. “First, it shows that the Alliant platform is highly adaptable to customers’ unique business models. Second, it underscores how essential the monetization of intellectual property rights and the management of royalties are across the economy. Whether you’re in life sciences, consumer products, gaming, or entertainment, effective IP lifecycle management delivers an increasingly critical competitive advantage in today’s information economy. today.”
The integration of Rightsline’s and Real’s systems will provide expanded capabilities to their existing customers, including BBC Studios, AMC and the Public Broadcasting Service. Data exchange and complementary feature developments will bring operational efficiencies to teams already using Rightsline and Alliant, allowing them to replace time-consuming multi-system workflows with higher value-added strategic activities.
“Combining Rightsline and Alliant from a product perspective enables us to bring to market the first truly horizontally integrated IP commerce platform supporting robust contract lifecycle management features, of library availability and maximization, as well as the myriad complexities of IP-based financial calculations on a scale never before achieved,” said Matt Bricker, CTO of Rightsline. “We signaled our commitment to unifying the IP supply chain with a focus on increasing our financial capabilities. This transaction demonstrates the reality and scope of that commitment.”
Terms of Real’s acquisition by Rightsline were not disclosed. Real employees will join Rightsline. According to company management, with continued support from Klass Capital, Rightsline is seeking to make new strategic acquisitions to accelerate product roadmap initiatives and continue to deliver best-in-class products.