OptiRisk Systems joins fight against IP theft with FAST | FAST

OptiRisk Systems joins fight against IP theft with FAST

OptiRisk Systems, a technology leader in optimisation and risk analytics, has become the latest member of the Federation Against Software Theft (FAST). Working with FAST, OptiRisk will be looking towards FAST to protect its Intellectual Property (IP) and clamp down on licence infringement.

Established in 1984, FAST is a not-for-profit organisation limited by guarantee and wholly owned by its members. It was the first organisation to protect software publishers’ rights and advances its mission through education, enforcement and policy initiatives, together with promoting standards and best practice in the professional management of software. FAST advocates IP for growth.

OptiRisk Systems is a UK-based company with a global reach that provides products and services for Optimisation and Risk Management solutions, with a particular focus on the financial sector as well as working in defence, transportation and supply chain logistics. Its niche software portfolio includes Modelling Systems for Mathematical Programming, Optimisation Tools, and a number of Optimisation Software Suites. OptiRisk is a global partner of IBM in Optimisation and also a partner of AMPL Optimization Inc.

Professor Gautam Mitra, OptiRisk’s Managing Director, said: “Our business is built on our Intellectual Property, and our survival and growth hinge on our ability to protect it. We have spent countless hours researching and developing niche business optimisation applications and support systems, yet there are unscrupulous individuals out there that would look to steal it. Fraudulent copies and under-licensed software are rife and present a real challenge for small developers like us, and the software industry at large. FAST has a long history of helping software developers to better protect their IP and driving the pro-IP message at the highest levels of Government, and we fully expect this partnership to be a successful one.”

Alex Hilton, CEO of FAST, added: “IP theft impacts the entire software developer ecosystem, but its negative affects are arguably felt most acutely amongst small, niche players, such as OptiRisk. We are working hard at a macro level to drive home the idea that IP matters, while at the level of our individual members, look for practical, workable solutions to help them to safeguard their creations. We are very pleased to be able to welcome OptiRisk and look forward to their continued support.”