Wellspring and Deep Web Technologies Partner for One-Stop Access to Find the Most Promising Opportunities

CHICAGO, Ill., Sept. 23, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Wellspring, the leader in technology scouting, technology transfer, and corporate venturing software, and Deep Web Technologies (DWT), the leader in next-generation federated search, announced a partnership that transforms how organizations find and evaluate emerging technologies. The integrated software system delivers the capability for organizations to search simultaneously from over thirty authoritative sources, including patent, publication, expertise, and invention databases, to discover the highest potential opportunities and investments.

Attendees of the Wellspring User Group Meeting in Chicago on October 8 and 9 will be the first to see the new tool, named Search Once Scouting.

The jointly developed solution will be integrated into Wellspring's software platform to offer a simple, fast way to find technologies, import them as new records with no data entry, then manage the evaluation and acquisition process. Over 100 million records are simultaneously searched in real time with aggregated, ranked, and deduplicated results delivered to eliminate wasted effort. Within Wellspring's software platform, innovation-driven companies can quickly route and evaluate technology and investment opportunities imported from the search. Technology transfer offices can utilize Search Once Scouting to evaluate the competitive landscape. Unlike spreadsheets, databases, and document-sharing systems, all opportunities can be managed with sourcing and investment processes united in one place to ensure true collaboration and best practices application.

Dr. Robert Lowe, Wellspring's CEO, said, "DWT's tools and content integration are logical strategic steps of Wellspring's product evolution. DWT represents another industry-leading data service we have integrated into our products this year, along with CPA Global and DocuSign. The seamless integration enables our clients to find and import critical information without any data entry. Ultimately, the DWT partnership results in better informed decisions for our clients."

Abe Lederman, Deep Web Technologies' CEO and CTO, added, "We are very excited to work with Wellspring in the technology scouting and corporate venturing market. We worked closely with Wellspring to provide their customers with access to a curated set of high-quality science and technology information sources, including Wellspring's Flintbox, a leading technology marketplace for technology transfer and technology scout professionals."

DWT has fifteen years of experience accessing high-value scientific repositories around the world, as well as being behind major portals such as Science.gov, WorldWideScience.org, and the National Library of Energy. A sample set of information sources available in the joint solution includes: (1) government databases such as PubMed from NIH, Defense Technical Information Center reports from the U.S. Department of Defense, and SciTech Connect from the U.S. Department of Energy; (2) publisher databases from the American Chemical Society, Elsevier, and IEEE; and (3) patent databases from the United States and Europe.

About Wellspring

For technology scouts, corporate venturing, and licensing professionals who must find and manage technology, opportunities, and deals, Wellspring delivers "knowledge in sight" by providing purpose-built software to scout, manage, commercialize, and invest. Unlike spreadsheets, databases, and document management systems, Wellspring delivers a simpler way to accelerate discovery, reduce redundant effort, and foster collaboration. Wellspring is also connected with Flintbox, the world's largest online exchange of early-stage technologies.

Founded in 2003, Wellspring works with more than 500 organizations worldwide that range in size from 100 to more than 100,000 employees. For further information, please visit http://www.wellspring.com.

About Deep Web Technologies

Deep Web Technologies creates custom, sophisticated, federated search solutions, based on its Explorit Everywhere!™ service for clients who demand precise, accurate results. It is the tool of choice when needing to access the Deep Web, a collection of Internet information sources that is generally not accessible to web spiders or crawlers and cannot, therefore, be indexed for search by popular search engines such as Google, Yahoo!, or Bing. Explorit Everywhere! performs real-time searches of multiple information sources, in parallel, merging the results into a single page. Serving Fortune 500 companies, the Science.gov Alliance, the US Department of Energy, Stanford University, the WorldWideScience Alliance, and an array of other customers, partners, and research and library alliances, Deep Web Technologies has built a reputation as the "researcher's choice" for its advanced, agile information discovery tools. For further information please visit http://www.deepwebtech.com.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/Wellspring-DWT/Search_Once_Scouting/prweb12978734.htm


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