October 22, 2014 3:33 AM ET

Software

Company Overview of Asana, Inc.

Company Overview

Asana, Inc. develops collaboration software tools. It offers Asana, a Web task manager that enables teams of people manage their work flow by breaking projects into tasks. The company was founded in 2008 and is based in Menlo Park, California.

Menlo Park, CA 94025

United States

Founded in 2008

Key Executives for Asana, Inc.

Head of Business
Age: 43
Advisor and Director
Age: 37
Compensation as of Fiscal Year 2014.

Asana, Inc. Key Developments

Asana, Canon Inc., Dropbox, Google, Newegg and SAP Announce Formation of Cooperative Patent-Licensing Agreement

Asana, Canon Inc., Dropbox, Google, Newegg and SAP announced the formation of the License on Transfer (LOT) Network, a cooperative patent-licensing agreement that will cut down on patent troll litigation and the growing practice of patent privateering. The LOT agreement is a new kind of royalty-free cross-license meant to address these growing systemic problems. Member companies receive a license when the patents are transferred out of the LOT group. That means that companies retain their right to enforce a patent so long as they retain ownership of it. However, as soon as it is sold, a license to the other members becomes effective, protecting them from attacks by the troll to which the patent was sold. The agreement includes several other provisions that preserve a patent portfolio's value, including carve-outs for certain M&A transactions and change of control. The initial members of the LOT Network range from early-stage startups to established technology companies. Together they own almost 300,000 patent assets, generate more than $117 billion in revenue and employ more than 310,000 people.

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