Report:TotalPatent/Company Strength
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Company Strength
The following section contains subjective comments about the system that represent our editor's opinions, and should not be viewed as fact. Editor's opinions include positive and negative judgments about the product written in consideration of wider context, including related products and the industry at large.
TotalPatent is produced by LexisNexis, a member of Reed Elsevier. LexisNexis dates back to 1973 and is a leader in the information technology field, with customers worldwide. TotalPatent was first developed in 2004 by data producer Univentio, and re-designed and launched as a system in 2007 after having been acquired by LexisNexis.
LexisNexis is an active participant in the intellectual property information arena. As a member of Reed Elsevier, the company has access to the majority of the major databases and content available to the intellectual property realm. TotalPatent was designed by IP experts to be the "single online destination featuring the most complete and up-to-date domestic and international IP content available."[1] The system provides full-text access to at least 31 of the world's major patenting authorities. This is a very large collection for a major commercial search system, which suggests that TotalPatent is positioned to remain an important search system in the field. Furthermore, LexisNexis has the financial resources available to continually update and improve the system. These factors could mean that TotalPatent may have staying power as a commercial search system.
Finally, Reed Elsevier and Thomson Reuters (producer of another leading search product, Thomson Innovation) are rivals in the online database market. It is possible that advances made by one provider could be observed and adopted by the other, adding to the potential advantages of a TotalPatent subscription.
Sources
- ↑ 'History of LexisNexis - 2007." http://www.lexisnexis.com/about-us/history.aspx. Accessed June 29, 2012.
