LexisNexis Acquires Aistemos And Its Cipher Classification Platform For Undisclosed Sum

LexisNexis Intellectual Property Solutions, part of RELX PLC RELX, has entered into a definitive agreement to acquire Aistemos Limited, a patent classification company.
Aistemos trades under the Cipher brand. The financial terms of the transaction were not disclosed.
Cipher uses artificial intelligence and supervised machine learning to classify patents, helping customers uncover insights into complex landscapes of patented technologies to support their strategic IP decisions.
After the acquisition, Cipher will become part of LexisNexis PatentSight, the LexisNexis flagship IP analytics solution.
"The combination of Cipher and LexisNexis will significantly enhance IP analytics," said Andrew Matuch, President of LexisNexis Intellectual Property Solutions.
The transaction is expected to be completed during the first quarter of 2023.
Price Action: RELX shares are trading higher by 0.24% at $29.31 in premarket on the last check Tuesday.