LexisNexis acquires PatentSight GmbH

Reed Tech, a LexisNexis® Legal & Professional company, announced the acquisition of PatentSight GmbH, a provider of analytics solutions that help patent professionals gain valuable insight into the strength, quality and relative value of patents and patent portfolios. PatentSight will become a part of the LexisNexis IP division of Reed Tech. Terms of the transaction were not disclosed. "Tech-driven companies need accurate data analytics to help them assess the value of patents and PatentSight has emerged as a true innovator in our industry with the development of a powerful, easy-to-use analytics platform that delivers this crucial business intelligence," said Ethan Eisner, president of Reed Tech.