Charlotte, NC (PRWEB) October 15, 2014
Mergent, Inc. has entered into a new business partnership with the innovative patent data and analytics company Patent Rank. The first product to be jointly developed, Patent Archives, will be an additional module of Mergent’s Archives product and services.
Mergent has a proven track record providing business and financial information for global companies and intend to extend their quality data informatics by providing intellectual property data through this partnership.
“Certainly, details regarding a company’s patent portfolio can benefit our clients,” says Mergent’s Executive Vice President of Sales, Fred Jenkins. “Opinion leaders estimate that over 1/3 and up to 2/3’s of a company’s market value consists of its intangible assets including brand (trademarks and trade secrets), support, and patents.”
Patent Rank, LLC is a company named after its core technology, Patent Rank – an intrinsic measure of a patent’s value based on citation-network analyses. Data mining, scrubbing, and disambiguation are crucial to the refinement of Patent Rank’s valuation algorithm.
“Data integrity is essential to link intrinsic value to market value,” says founder Monte J. Shaffer, Ph.D. “Starting in 2008, we had about 1TB of data; by the end of 2014, we will have about 100TB of data. To have the most objective measure of value, we must have the cleanest U.S. patent data in the world. The quality of our inputs will determine the quality of our outputs.”
“The synergies are apparent,” says Fred Jenkins. “Our intention is to launch this initial patent-data archival product, and receive feedback from our clients about how to develop additional patent-related products to meet their needs.”
The first patent-data product, Patent Archives, will be a repository of all U.S. patents in a searchable form. First, the user can search by important Meta Data: title, inventor, company, date, and description to get a list of relevant patents. In addition, the users can view/download/print a PDF of the patent of interest. Furthermore, the patent images have been annotated so that, finally, the user can search within the patent PDF for pertinent information.
Mergent anticipates a beta version will be available December 1st for pre-sales customers, and fully available January 1st, 2015.