SALT LAKE CITY, Utah – March 4, 2014—MultiLing, the innovative leader in intellectual property (IP) translations and related services for foreign patent filings, today announced the appointment of David Urry as the company’s chief financial officer. Urry, who spent the last 13 years as the CFO of Aetna Insurance Company subsidiary Medicity, Inc., will drive MultiLing’s financial strategy to manage the notable growth of its IP translation services worldwide.
“With the increasing demand for MultiLing’s IP translation services over the past few years and the growth capitalreceived from Frontier Capital this past summer, Urry will help us strategically manage our financial resources for continued growth initiatives,” said Michael Sneddon, president and CEO, MultiLing. “Urry’s vast global experience across a wide spectrum of companies – from start-ups to mid-range to Fortune 100 firms – gives him a unique business perspective that will benefit both MultiLing and our Global 500 clients as we provide the best IP translation services possible.”
While at Medicity, Urry led the development of financial, legal, risk management and administrative infrastructure to provide disciplined control and accountability during rapid company growth. In 2010, he helped the company through a $500 million acquisition by Aetna based on a solid record of growth and financial performance. Post-merger, he successfully managed the integration of Medicity’s healthcare IT business with Aetna’s processes and departments.
Before joining Medicity in 2000, Urry spent 10 years at American Airlines, in successive positions of responsibility. As a director, he developed accounting procedures for both American and Canadian Airlines. Earlier in his career, Urry worked with Hewlett Packard as a financial analyst in the United States and as a marketing engineer in Japan after the startup venture he joined was acquired by HP. Urry received his bachelor’s degree in electrical engineering from the University of Utah and his master’s of business administration from the Wharton School of Business.
MultiLing’s Worldwide Growth Continues
MultiLing has global offices in seven countries – China, Germany, Italy, Japan, South Korea, Peru and the United States – with another international office planned to open in the next quarter. The growth results from significant management, operational and sales improvements implemented in the past two years during a global market increase in the number of U.S., European and Asian enterprises spending millions of dollars per year on patent translations despite the global economic downturn. In fact, according to the World Intellectual Property Organization, the industry is seeing the strongest growth in global patent filings in 18 years.
Founded in 1988, MultiLing is the innovative leader in IP translation and related services for foreign patent filings by Global 500 legal teams. The company defined and continues to drive best practices for foreign patent filings, which include in-country native linguists, scientists, engineers and legal specialists who interact through processes and technologies that increase quality, consistency and on-time delivery at a fair value. After partnering with MultiLing, multinational clients such as Procter & Gamble, Yokohama Rubber and Dow Corning experienced increased patent filings, decreased office actions, reduced invalidation risk and faster time to grant.