LONDON, November 24, 2010 /PRNewswire/ -- The Intellectual Property (IP) Solutions business of Thomson Reuters announced today that it is redefining patent research and IP decision making with the launch of its one-of-a-kind Custom Fields functionality in Thomson Innovation(R), the world's most comprehensive intellectual property (IP) research and analysis platform. IP professionals, innovators, researchers, attorneys, and patent portfolio managers can now create custom fields in Thomson Innovation, tag patent records with their own internal data, then search, analyze and report on relationships between enterprise-specific and global patent information. The results and analyses can also be shared with others to enhance collaboration and streamline organizational workflow.

"Intellectual property information is becoming increasingly more critical in business decision making as intangible assets are recognized for the corporate value they provide," said David Brown, president of the IP Solutions business of Thomson Reuters. "With the highly flexible Custom Fields capability on Thomson Innovation, our customers now have the unique opportunity to make critical IP decisions with relevant organizational context for greater competitive advantage."

Custom Fields on Thomson Innovation enables professionals engaged in the IP lifecycle to add their own internal context to global patent information. For example, they can:

- Apply internal technology classifications to patent records to assign them to specific portfolios or business units - Correlate product use or brand information to patent records to aid in valuation assessments - Drive alert result workflows by attaching a process stage to patent records, indicating when it's ready for the next participant in the process to take action - Tag records with relevancy indicators to aid R&D colleagues in assessing technologies or to identify potential prior art for legal review - Import patent portfolio data from Thomson IP Manager(R), Thomson Reuters intellectual asset management solution, to perform detailed analyses and make maintenance decisions

"Custom Fields on Thomson Innovation is yet another market-exclusive capability we are pleased to offer our customers," said Cindy Poulos, vice president of product management for the IP Solutions business of Thomson Reuters. "Client input is a major driver for our product development. Since its launch in December 2007, we have continually enhanced Thomson Innovation to be at the forefront of the market with customer-driven features, such as this industry-first interoperability between market-leading IP research and intellectual asset management platforms."

Winner of both the R&D 100 and InfoWorld 100 awards, Thomson Innovation is the only IP research platform that allows users to search global patent data, scientific literature, business and news information within a single search. Coupled with Derwent World Patents Index(R) (DWPI(SM)), the industry's most trusted source of global IP data, plus full text Asia-Pacific patents in English, users can leverage leading analytical capabilities to turn large volumes of data into actionable intelligence.

For more detail on Custom Fields in Thomson Innovation, go to http://www.thomsoninnovation.com.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to http://www.thomsonreuters.com.

SOURCE: Thomson Reuters IP Solutions

CONTACT: Laura Gaze, Thomson Reuters, IP Solutions, +1-203-868-3340,laura.gaze@thomsonreuters.com or John Roderick, J. Roderick Inc.,+1-631-656-9736, john@jroderick.com