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IP management with artificial intelligence: Eversheds Sutherland advises Dennemeyer Group on acquisition of patent start-up octimine

  • Germany

    27-11-2018

    Eversheds Sutherland advised Dennemeyer Group, one of the leading full-service providers for the global management of intellectual property rights, on the acquisition of the Munich start-up octimine technologies GmbH.

    Reinhold Nowak, CEO of Dennemeyer, explains that the acquisition of octimine will help make the "exponential increase in patents and publications" more accessible by means of big data algorithms. As part of the global Dennemeyer Group, the start-up will now be able to market its innovative services worldwide and to further develop the sector of artificial intelligence. Octimine will, for the time being, operate under its established trade name.

    Alexander Mühlberger, CFO of Dennemeyer, adds:

    "The acquisition of this young start up from a highly innovative technology sector fits perfectly into the company's 55-year history: Dennemeyer has always set standards in the IP sector as far as customer orientation is concerned. For us, this also means that we always offer our clients leading technological solutions."

    Dennemeyer Group, which developed from a patent law firm established in Luxembourg, is one of the most broadly positioned full-service providers for the global management of intellectual property rights with more than 20 offices on all continents.

    Octimine was founded in 2015 as a spin-off from Ludwig-Maximilians-University and Max Planck Institute for Innovation and Competition in Munich. The innovative software for patent research and analysis developed by octimine uses artificial intelligence, machine learning and semantic algorithms to research large amounts of data more quickly, precisely and comprehensively.

    The Eversheds Sutherland team which advised Dennemeyer on the strategic acquisition of octimine was led by Holger Holle (Partner, corporate/M&A, Luxembourg/Munich). The German team included Dr. Tobias Maier (Partner, IP), Dr. Manuela Rauch (Principal Associate, employment), Jörg Käßner (Counsel, tax), Jörg Hoffmann (Senior Associate), Marie Brodbeck (Associate, both corporate/M&A) and Dr. Manuel Melzer (Associate, tax, all Munich).

    Octimine was advised by a team of GLNS, led by the partners Dr. Reinhard Ege (corporate/M&A) and Andreas Scheidle (tax).

    Eversheds Sutherland also expands its advisory services for clients in the area of artificial intelligence as part of its innovation strategy. The offering inter alia includes a partnership with the technology platform Luminance for the use of machine learning software for the automated analysis of contracts and process automation, DealMaster, a project management platform which is used for cross-border M&A transactions, the eDiscovery service ES/Locate as well as ES/Unity, a legal matter management software for legal departments.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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