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SOURCE RPX Corporation
First of a series of tools enabling public access to actionable patent market data and intelligence
SAN FRANCISCO, May 12, 2014 /PRNewswire/ -- RPX Corporation (NASDAQ: RPXC), the leading provider of patent risk management solutions, today launched RPX Search, the first search engine to provide public access to the most complete database that connects patent, litigation, and entity data in one resource. With this free search engine, any company can quickly and accurately search RPX's proprietary database for patents related to litigations, look up co-defendants in a patent litigation, understand litigation campaigns, and create custom alerts to assess and monitor the potential risk they face from non-practicing entities (NPEs), also known by the "patent troll" moniker.
"When we founded RPX six years ago, we started gathering, indexing and correlating all patent-related data in the belief that every company should have this information at their fingertips to guide their patent strategy decisions," said John A. Amster, Chief Executive and Co-founder of RPX. "More transparency of data should lead to lower legal and other transaction costs in the patent market."
RPX Search provides companies with access to all US patents and applications, every patent litigation filed in a US district court since 2000, and all patent owners and parties in litigations in a searchable, cross-referenced database. The powerful search engine allows users to research current and past patent market data to better understand their patent risk, especially as the threat of NPEs continues to grow for every provider of a technology-based product or service.
RPX research shows that NPE patent litigation cost companies worldwide almost $13 billion in defense expenses and settlements last year, up from roughly $5 billion in 2008. Also, the volume of NPE patent suits over the past five years increased nearly 600%, from approximately 600 suits in 2008 to more than 3,600 suits in 2013, impacting approximately 8,000 companies in the same period.
To access RPX Search, please visit: search.rpxcorp.com
As of March 31, 2014, RPX had invested over $810 million to acquire more than 4,300 US and international patent assets and rights on behalf of the 178 members of its client network in seven key sectors: consumer electronics and PCs, E-commerce and software, financial services, media content and distribution, mobile communications and devices, networking, and semiconductors.
About RPX Corporation
RPX Corporation (NASDAQ: RPXC) is the leading provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence, insurance services, and advisory services. Since its founding in 2008, RPX has introduced efficiency to the patent market by providing a rational alternative to litigation. The San Francisco-based company's pioneering approach combines principal capital, deep patent expertise, and client contributions to generate enhanced patent buying power. By acquiring patents and patent rights, RPX helps to mitigate and manage patent risk for its growing client network.
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