Dennemeyer Group acquires innovative provider of semantic patent search services “octimine”
Munich / Luxembourg, 05.11.2018: The Dennemeyer Group announces the acquisition of “octimine technologies GmbH”, an innovative startup company based in Munich, Germany. Octimine, founded in 2015, provides cutting-edge patent searching and patent analysis technology using artificial intelligence (“AI”).
• Innovative startup in the field of semantic patent search, analytics and machine learning
• Full integration into Dennemeyer’s global existing service offerings
• Brandname „octimine“ will be retained, employees integrated into existing Dennemeyer staff
Dr. Reinhold Nowak, CEO of the Dennemeyer Group, says: “The acquisition of this innovative startup is a huge achievement in further realizing our global strategy. For more than 55 years it has been our mission to drive innovative efficiency and deliver highest service quality for the management of global Intellectual Property (IP).” Octimine’s technology and products will enhance Dennemeyer’s existing IP product and service portfolio. The exponential growth of patents and publications requires advanced big data algorithms for research, patent search and patent analytics. Dr. Nowak adds: “Octimine has evolved from a research team of the well-known Munich Max-Planck Institute, guided by Prof. Dr. Dietmar Harhoff, to a provider for AI assisted tools. Out of a database, containing over 100 million patents worldwide, searches deliver in seconds scored, ranked, and prioritized lists of patents, landscapes, clusters and analytics.”
Dr. Matthias Pötzl, co-founder and managing director of octimine, states: “The integration into one of the largest IP service providers is a major step forward for us. Combining our search and analytics capabilities with the full range of IP services as well as the global structure of the Dennemeyer Group creates exciting new opportunities.”
Dr. Michael Natterer, co-founder and octimine’s second managing director, adds: “We are fully convinced that Dennemeyer’s owner-managed organization, fast decision making and entrepreneurial culture as well as its long-term orientation are a perfect fit for us. We look forward to becoming a part of the Dennemeyer Group and shaping the future of IP together.”
Octimine: an innovative addition to a global full-service portfolio
Octimine is a data mining company founded by former scientists of LMU Munich and the Max Planck Institute. Octimine’s SaaS products support international technology companies with their innovation and IP management process. Through AI, machine learning, and semantic algorithms, octimine provides a cutting-edge patent search and analytics tool. It is used by corporations and institutions such as Siemens, Deutsche Post, Swiss Federal Institute of Intellectual Property ip-search, Harvard University, Fraunhofer and Max-Planck-Institute. Octimine was part of the prestigious German Accelerator program in Silicon Valley. Furthermore, octimine was nominated for the Diesel Medaille 2018 as well as for the Spark Award for artificial intelligence powered by Handelsblatt & McKinsey.
Octimine provides a state-of-the-art SaaS software for automating patent search and analysis. The search software is used for prior-art, freedom-to-operate and opposition searches. For every kind of full-text, octimine delivers the most similar patents as well as interactive visual analytics in real-time. In addition, octimine delivers high quality patent valuation, legal risk and innovation speed metrics allowing users to quickly browse and analyze technological landscapes and lifecycles. The ease of use combined with high quality machine learning based search algorithms makes octimine a perfect tool for IP professionals as well as for non-patent specialists like R&D engineers or innovation managers.
Besides the SaaS software octimine offers their proprietary semantic search technology, machine learning services and analytic indicators via API. This allows other platforms and software companies like IP management systems to directly integrate octimine’s search technology and analytic indicators in their own software applications.
Octimine was founded by Dr. Michael Natterer, Dr. Matthias Pötzl and Prof. Dr. Dietmar Harhoff (scientific advisor). Dr. Michael Natterer and Dr. Matthias Pötzl hold various degrees in Innovation & Technology Management, Business Administration and Analytics and Statistics from leading universities such as Ludwig-Maximilians-Universität Munich, Sydney Graduate School of Management and Harvard University. They will become part of Dennemeyer’s management team and further develop octimine’s text and patent analysis services under the roof of the global Dennemeyer Group.
The Dennemeyer Group is a global full-service provider for the protection and management of intellectual property rights with 56 years of experience. With 24 offices on all continents, the group manages nearly three million property rights of more than 3,000 clients. The service portfolio comprises legal services (Dennemeyer & Associates), IP management software and payment services (Dennemeyer IP Solutions) and IP consulting (Dennemeyer Consulting).