Reed Tech and PatentCore Launch Reed Tech Patent Advisor

HORSHAM, Pa.--(BUSINESS WIRE)--Reed Technology and Information Services Inc., part of the LexisNexis^® family and a leading provider of content management services, and PatentCore, a publisher of online patent office analytics, are pleased to announce the launch of Reed Tech Patent Advisor^TM information services, a family of on-line data intelligence tools for patent professionals.

“We are excited to be working closely with PatentCore in bringing new and unique value to the IP community focused on managing their patent application portfolios and patent prosecution decisions”

The Patent Advisor service provides patent professionals with strategic insight based upon information gleaned from an analysis of more than 5 million patent applications. The new collection of on-line services expands upon the previously released Reed Tech Patent Application Reports with a variety of additional new and unique offerings. The listing of Patent Advisor services currently includes:

• Patent Advisor Open Search Service
  This simple to use on-line search system provides instant access to comprehensive and dynamically updated performance data for every U.S. patent examiner and art unit. Reported performance attributes include, for example, data related to RCE turnaround time, allowance rates, and appeal process outcomes.

• Patent Advisor Report Service
  This on-line service enables a user to select any patent application and quickly obtain a corresponding printable PDF application report that includes commentary and useful statistics that reveal what is “normal” for the examiner and the art unit assigned to the selected application.

• Patent Advisor Corporate Dashboard Service
  Corporations now have easy on-line access to comprehensive and dynamically updated analysis of how different law firms, lawyers, examiners and art units have managed the assets in their own product portfolio or in one of their competitors.

• Patent Advisor Law Firm Dashboard Service
  IP attorneys and their organizations can access this on-line service to quickly and easily compare their clients’ patent application statuses to a broad universe of metrics specific to the associated examiners and art units processing the applications. This information is useful for improving efficiency, for supporting marketing efforts, and for managing client expectations.

“We are excited to be working closely with PatentCore in bringing new and unique value to the IP community focused on managing their patent application portfolios and patent prosecution decisions,” said David Ballai, CIO & VP Commercial Solutions, Reed Technology. “Patent Advisor now helps our clients to make exceptionally informed decisions about their patent application management strategy, helping to shorten the prosecution cycle, improve the likelihood of a high-quality patent grant, and drive material cost efficiencies into the process.”

“Our collaboration with the team at Reed Technology draws together the strengths of a global service provider with a deep understanding of U.S. patent information processing with an IP business dedicated to the delivery of actionable business intelligence,” said Chris Holt, CEO at PatentCore. “The combination of business strengths will help to deliver to a big data solution designed to enable those in the IP community to benefit from a much deeper understanding of patent acquisition processes.”

ReedTech Patent Advisor™ delivers the ability to confidently make analytics-driven strategic decisions based on predictable patterns demonstrated by more than the 7,500 U.S. patent examiners during patent prosecution. The services also include tools for evaluating the relative efficiency with which companies and law firms obtain patents. To learn more contact Rod Wittenberg at 215-441-6479 or [e-mail] or visit www.patentadvisor.net

About Reed Technology and LexisNexis

About Reed Technology

Reed Technology, part of the LexisNexis^® family, provides innovative solutions for data conversion, preservation, analysis, e-submission and publication for corporate, legal and government clients. Reed Technology is a market leader and subject matter expert in its lines of businesses.

• Government: Providing data capture and publication solutions for every patent application submitted to the U.S. Patent and Trademark Office.
• Life Sciences: Leading provider of Structured Product Labeling (SPL) and related services, serving over 625 life science companies.
• Reed Archives: Providing world class website and social media preservation services to support e-discovery, compliance and regulatory mandates.
• Intellectual Property (IP) Services: Giving law firms and companies tools to analyze patent information to make more informed and strategic decisions.

For further information, visit www.ReedTech.com.

About LexisNexis Legal & Professional

LexisNexis^® Legal & Professional (www.lexisnexis.com) 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 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. Part of Reed Elsevier, Inc. LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.

About PatentCore

PatentCore.com (www.patentcore.com) is a leading provider of comprehensive US Patent Office analytics. Consumers of PatentCore data service offerings include corporations, law firms, research organizations and academic institutions.