LexisNexis® Intellectual Property Solutions, part of RELX, has entered into a definitive agreement to acquire Aistemos Limited, a UK based patent classification company, which trades under the Cipher brand.
The transaction is subject to customary regulatory approvals and is expected to be completed during the first quarter of 2023. Financial details are not disclosed.After the acquisition, Cipher will become part of LexisNexis® PatentSight®, the LexisNexis flagship IP analytics solution. With the addition of the Cipher classification capabilities, PatentSight customers will be able to build custom technology taxonomies based on how they view the world and make those custom classifiers available across their entire IP department, providing a consistent understanding of the world’s technologies. Led by Nigel Swycher, CEO, Cipher is a Software-as-a-Service (SaaS) analytics platform which uses machine learning to automate the classification of patented technologies into custom or industry standard taxonomies. This classification supports IP teams in their strategic patent decisions and helps them communicate the risk and associated value of patents. With Cipher, users can optimise their patent portfolio, gather competitor intelligence, manage the budget, conduct due diligence and benchmark their portfolio. It uses artificial intelligence and supervised machine learning to classify patents, helping customers uncover insights into complex landscapes of patented technologies to support their strategic IP decisions. The classifiers are built from proprietary machine learning algorithms that map patents to technologies using custom and industry standard taxonomies. Led by Andrew Matuch, Presidentm LexisNexis Intellectual Property Solutions brings clarity to innovation for businesses worldwide. Its suite of workflow and analytics solutions (LexisNexis® IP DataDirect, LexisNexis® IPlytics, LexisNexis PatentAdvisor®, LexisNexis PatentOptimizer®,LexisNexis® PatentSight® and LexisNexis TotalPatent One®) aims to enable companies to be more efficient and effective at bringing meaningful innovations to our world. RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 30,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalization is approximately £46.7bn, €52.3bn, $56bn.07/02/2023
