StockMarketWire.com - Frontier IP said it had taken a 43% equity stake in Elute Intelligence, a software company developing tools to search complex documents and to detect evidence of plagiarism, collusion and copyright infringement.

No cash consideration had been paid by the group for its equity stake in Elute. But Frontier would earn its equity by supplying its intellectual property to develop the tool and providing a range of commercialisation services, such as facilitating scale up and direct, hands-on support for technical development through its in-house development capability.

Elute was being formed from an existing UK business, CFL Software.

Current CFL customers included the Universities and Colleges Admissions Service, which was using a version of the software called Copycatch to detect plagiarism in students' personal statements. Others included academic institutions, commercial researchers and lawyers.


At 8:26am: [LON:FIPP] Frontier IP Group PLC share price was 0p at 57.5p



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