Business Services Industry
Information Holdings Inc. expands alliance with Lexis-Nexis; PATEX Licensing Exchange to be Marketed by Lexis-Nexis
Business Wire, April 30, 2001
Business Editors
NEW YORK & DAYTON, Ohio--(BUSINESS WIRE)--April 30, 2001
Information Holdings Inc. and Lexis-Nexis announced today that they have expanded their alliance agreement whereby LPS Group, a unit of Information Holdings, will provide Lexis-Nexis customers access to its PATEX online licensing exchange (www.patex.com).
The PATEX site provides intellectual property attorneys and their clients an online platform to showcase their available patents and technologies to prospective licensees and to look for innovative solutions and new product ideas.
The original alliance between the companies involved the license to Lexis-Nexis of intellectual property content from Information Holdings, including international patent applications and trademark registrations. The expanded alliance has enabled Lexis-Nexis to go beyond the enhancement of its intellectual property research offerings and provide its customers with an actual patent licensing site whereby patent owners and their attorneys have access to potential patent licensees in numbers previously impossible to reach through conventional means.
"The expanded alliance will advance the Lexis-Nexis goal of offering value added services to its intellectual property customers by providing not only content for research, but also the tools and services that will help intellectual property attorneys perform the tasks involved in their daily practice," stated Jeff Pfeifer, vice president of Large Law Firm Marketing for Lexis-Nexis.
The agreement establishes a co-branding, cross-linking relationship between the companies. Visitors to the PATEX Web site can learn about and link to Lexis-Nexis, and visitors to the Lexis-Nexis Patents Practice Area Page can link to the PATEX Web site to use its online licensing service. "We are pleased to form this alliance with Lexis-Nexis and look forward to helping intellectual property lawyers better serve their clients' licensing needs," commented Dooyong Lee, president of LPS Group.
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings.
About Information Holdings Inc.
LPS Group is the intellectual property consulting and licensing division of Information Holdings Inc. Information Holdings Inc. is a leading provider of information products and services to scientific, technical, medical, intellectual property and IT learning markets. Through its Intellectual Property Group, which includes MicroPatent(R), Master Data CenterTM, IDRAC(R), and LPS Group, the Company provides a broad array of databases, information products and complementary services for intellectual property and regulatory professionals. The Company is recognized as a leading provider of intellectual property information over the Internet. The Company's CRC Press(R) business publishes professional and academic books, journals, newsletters and electronic databases covering areas such as life sciences, environmental sciences, engineering, mathematics, physical sciences and business. The Company's Transcender(R) unit is a leading online provider of IT certification test-preparation products. Its products include exam simulations for certifications from major hardware and software providers. Information Holdings Inc. is listed on the New York Stock Exchange and trades under the symbol IHI.
About Lexis-Nexis
The Lexis-Nexis Group unites strong brands, pioneering technologies and premium information for customers in the legal, corporate, government and education markets. Its products are available via the Web, dial-up online, CD-ROM, and books. A trusted source, the company offers targeted information solutions that can be integrated into its customers' business processes and systems. Combining searchable access to over three billion documents from thousands of sources with leading edge systems and tools for managing this content, Lexis-Nexis delivers a high quality resource with which to build legal research and knowledge-management solutions for the entire enterprise. For more information, please visit www.lexis-nexis.com.
Lexis-Nexis Group operating units also include Martindale-Hubbell, Butterworths Tolley in the UK, Editions du Juris-Classeur in France and other legal publishing businesses in Europe, North and South America, South Africa, Asia and the Pacific. The Lexis-Nexis Group is a member the Reed Elsevier plc group, a global publisher and information provider. For more information, please visit www.reed-elsevier.com.
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