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New LexisNexis® PatentStrategies? Enables Patent-Driven Companies
June 2015 by Marc Jacob
LexisNexis® Legal & Professional 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.
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.
