LEIDEN, Netherlands, June 4, 2015 /PRNewswire/ --
LexisNexis® Legal & Professional, a leading provider of content and technology solutions, today announced the launch of LexisNexis PatentStrategies, a robust analytics tool that helps intellectual property-driven organizations, groups focused on mergers and acquisitions (M&A) and other firms focused on evaluating company value uncover licensing and whitespace opportunities to gain competitive advantage. Providing a full understanding of an organization's market position, market strengths, weaknesses and potential opportunities, LexisNexis PatentStrategies reveals insights that fuel productive and defensible monetization and patent ownership decisions.
Manually assessing technology areas for licensing opportunities and competition can take days or weeks of laborious data analysis, often resulting in incomplete, narrow views of the intellectual property (IP) landscape. Additionally, keyword-based approaches to identifying technologies can be hampered by differences in language or industry vocabulary, or even intentional differences in terminology introduced to conceal IP assets.
LexisNexis PatentStrategies correlates worldwide patent records with financial, litigation, market and key business data to provide a complete picture of the international business landscape within minutes. A clear picture emerges to quickly produce a 360-degree view of an organization's or a patent's value with more than 50 data analysis visualizations available based on data from over 100 diverse sources.
"We are pleased to bring additional value to the international IP and investment communities with this new offering that complements the LexisNexis portfolio of IP products spanning the patent workflow," said Michiel de Bruijn, senior director, Global Business Development and Managing Director at LexisNexis. "LexisNexis PatentStrategies provides numerous, relevant key points of analysis, including the identification of patents amenable to assertion or licensing; conceptual clustering of portfolios; awareness of overly litigious companies; and IP valuation, due diligence and patent quality assessments-all backed by powerful interactive visualizations."
Deep business analysis powered by big data is ideal for organizations with complex portfolios spanning multiple technology areas, in addition to financial institutions or consulting firms evaluating value for research and development or investment opportunities. Smaller companies aggressively filing patents in highly competitive or unfamiliar international markets and those with a wide range of licensing opportunities across a varied patent portfolio can also effectively leverage PatentStrategies data analytics.
PatentStrategies joins LexisNexis TotalPatent®, LexisNexis PatentAdvisor℠, LexisNexis PatentOptimizer™, LexisNexis IP DataDirect, PAIR Watch℠ and IP Services (formerly ReedFax®) as part of a comprehensive and growing portfolio of IP solutions from Reed Tech, a LexisNexis company. For more information, please visit http://www.lexisnexis.nl or speak to your LexisNexis account representative.
About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. LexisNexis Legal & Professional, which serves customers in more than 175 countries with 10,000 employees worldwide, is part of RELX Group PLC, a world-leading provider of information solutions for professional customers across industries.
About Reed Technology and Information Services Inc.
Reed Tech is the provider of best-in-class information-based solutions and services to meet the broad needs of the global Intellectual Property market as well as key regulatory needs of the Life Sciences industry. Our customers include the U.S. Patent and Trademark Office, IP-driven companies, law firms, and a wide range of pharmaceutical and medical device manufacturers. The corporate culture is driven by a commitment to excellence, innovation, and a strong dedication to its customers, employees and community. Reed Tech has worked in the patent arena since 1970 and has electronically captured and prepared for publication well over half of all U.S. patents ever granted by the U.S. Patent and Trademark Office (USPTO). Reed Tech is a LexisNexis company.