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Thomson Delves Deeper into IP with Delphion
Chicago-based patent tech firm Delphion announced today the sale for $22 million of its patent search database to The Thomson Corporation, one of the world’s largest financial data and media players.
With revenues of around $7.2 billion and 44,000 employees, Thomson's divisions include analytic services, financial services technology, and financial publications, including prominent M&A publications like Corporate Acquisitions and Platinum Daily.
The Delphion databases will join Thomson's Scientifics group comprised of Derwent, ISI, Current Drugs, and other units that provide services the help clients value and manage intellectual property (IP).
Delphion began life as an IBM business unit. Its marquee product is a full-text searchable database comprised of the United States Patent Office's archives as well as a number of European, Japanese, and other international databases. In 1997, the company made its data available to the public via the Internet, and in 2000 it was spun out of IBM with a $35 million investment by Internet Capital Group.
After selling its databases, Delphion will reportedly continue to operate its software and services divisions.
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