LONDON, August 28, 2014 /PRNewswire/ --
Derwent World Patents Index selected as patent data source for CIPHER
AISTEMOS, a London based IP data analytics company, signed a licensing agreement with the IP & Science business of Thomson Reuters, the world leader in intelligent information for businesses and professionals, to access its Derwent World Patents Index® (DWPI[SM]) data, the world's most comprehensive and authoritative collection of editorially enhanced patent documents including English-language translations of bibliographic information.
Commenting on the agreement, Nigel Swycher, CEO at AISTEMOS said, "Cementing our relationship with the world's leading provider of intellectual property data, Thomson Reuters, is an important milestone in the development of CIPHER as a leading IP analytics product for a business community that needs to understand the innovation landscape."
AISTEMOS' agreement with Thomson Reuters ensures CIPHER's ability to provide instantaneous access to analytics covering more than 30 million patent families across 1.5 million owners, in addition to the content it licenses from ktMINE, Lex Machina, Relecura and 1790 Analytics.
"It is essential that a solution like CIPHER includes content from Thomson Reuters and we are delighted to collaborate with AISTEMOS in its development. As the financial markets engage with IP as an asset class, analytics must be built on the world's most comprehensive and authoritative patent datasets," said Cynthia Murphy, senior vice president and general manager, Thomson Reuters Innovation & Asset Management.
In June, CIPHER was released in beta to a pilot group consisting of major corporates, banks, accountants, law firms, insurers and consultants. Deutsche Bank's Scott Bell, an AISTEMOS non-executive director, said, "Providing real-time access to data that drives the value and associated risk of an asset class that accounts for 70% of the worth of many organisations is essential if IP is to become mainstream."
Leading patent content such as that from Thomson Reuters is crucial to the development of CIPHER. Swycher confirmed AISTEMOS's desire to continue to add to its data when he said, "We will continue to aggregate additional datasets to provide a trusted big data solution to an asset class that has to this point been obscured by unnecessary complexity."
AISTEMOS changes the way intellectual property is understood and exploited, so that organisations can make better decisions, create new opportunities and manage risk. CIPHER is the first IP business intelligence product to aggregate, analyse and visualise data relating to patents and related events for the benefit of the wider business community. AISTEMOS was founded in 2013 and is based in London, UK. For more information, go to http://www.aistemos.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. For more information, go to http://thomsonreuters.com.