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Frontier IP to take stake in plagiarism detection software developer

The new company, Elute, will incorporate technology from CFL Software, which provides document analysis technology to bodies such as UCAS

Frontier IP Group PLC - Frontier IP to take stake in plagiarism software developer
CFL's technology is also used by academic institutions, commercial researchers and lawyers

Frontier IP Group PLC (LON:FIPP) is to take a 43% stake in Elute Intelligence Holdings, a software firm specialising in plagiarism and copyright infringement detection.

Elute was formed from an existing UK business, CFL Software Limited, and complementary intellectual property developed by Frontier IP.

READ: Frontier IP investee company Exscientia teams up with US biotech in AI drug discovery collaboration

The company said it would earn its equity by providing commercialisation services, including hands-on support and technical development, and that no cash had been paid for its stake in Elute.

Elute will build on document analysis software developed by CFL, which looks for similarities between texts by mimicking the way people read, and expand its uses into different markets.

The technology has already been used by CFL’s current customers including the Universities and Colleges Admissions Service (UCAS), which uses it to detect plagiarism in students’ personal statements, as well as academic institutions, commercial researchers and lawyers.

CFL’s business development director, Peter Fischer, will join the board of Elute alongside Frontier IP’s chief commercialisation officer Matthew White.

"CFL Software's technology has many exciting possibilities and applications… Elute is another example of how our direct, hands-on can help our partners realise the potential of their technology", White said.

Quick facts: Frontier IP Group PLC

Price: 66.8 GBX

Market: AIM
Market Cap: £33.86 m

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