Readers of this blog will recognize Treparel as the producer of the KMX Patent Analytics software suite. They were originally mentioned in 2013 in a post discussing the value of using binary classification as a means for scoring documents for relevance post search. There was also a second post in 2014 that announced a partnership between Treparel, and Evaluserve in which the launch of a Next Generation (NG) IP and R&D Dashboard for providing patent analytics for Evalueserve customers was discussed.
As it turns out this initial partnership was an engagement of sorts between the two companies, and today they announced that Treparel was being acquired by Evalueserve providing for a marriage between the two organizations. In a lot of ways marriages between services companies, and analytics based organizations make a tremendous amount of sense when dealing with patent data in particular because of the complexity of this information source. It is often the combination of experienced people, and smart software that makes for the best results in patent analytics.
This is also interesting news in the tools space around the creation of spatial concept maps. The KMX product provides for this capability, and with the recent improvements announced by Thomson Reuters to the ThemeScape® tool in Thomson Innovation® it will be interesting to see how the combined company responds to these recent developments. PatSnap has also entered the field providing this functionality so there are now more options than ever for generating these types of visualizations. Even with new entrants there are only a handful of tools that provide for the creation of spatial concept maps using patent data so it is good for the users in this community if these organizations continue to spur one another to greater efforts in providing this unique method for comparing topics in patent information.
Details on the Evalueserve acquisition of Treparel can be found in the press release provided below:
“The acquisition of our strategic partner Treparel not only meets the increased demand for smart data analysis tools for data mining, text mining, and visualization in intellectual property research and analytics and R&D information, but also for other applications. Our clients will be able to gain faster, reliable, more precise insights from large complex unstructured data sets, allowing them to make better-informed decisions. We are excited to leverage Treparel’s analytics expertise and products to further enhance and complement our portfolio in IP and R&D solutions and other services” says Marc Vollenweider, CEO, Evalueserve.
Evalueserve will continue to develop and license Treparel’s unique text analytics platform KMX but also integrate KMX into the Evalueserve services portfolio. KMX helps users to cluster and accurately categorize collections of data. Its interactive visualization enables exploration of large data sets.
Evalueserve will add KMX to its Next Generation IP and R&D Dashboard, a multi-faceted platform that helps end-users in technology-focused organizations gain insights from big IP and R&D data. Evalueserve and Treparel had jointly developed the dashboard, which offers various collaboration and workflow functionalities such as charting, searching, data drilling, sharing, alerting, and building new data sets.
“We are excited to join Evalueserve, the world’s leading company in the domain of IP and R&D services. The collaboration will open up a much bigger market potential for our solutions and will give our experienced team the opportunity to work on analytical Big Data challenges of an impressive portfolio of international companies. Our clients and partners will benefit from an accelerated R&D roadmap driving enhancements and new solutions.” says Jeroen Kleinhoven, CEO of Treparel.
Evalueserve and Treparel plan to further develop their core product KMX and its applications in IP analytics and R&D information as well as in other fields such as Publishing and eDiscovery.
By integrating Treparel and its smart tools, Evalueserve meets the need of combining human expertise with best-in-class technology that uses smart algorithms to simplify key tasks. Evalueserve’s unique mind+machine approach enables to make processes faster and better for clients and helps them to become more efficient and profitable.