Anaqua Press Release
Feb 06 - Anaqua Relocates London Headquarters to the United States; Announces Key Executive Appointments
Discloses $4 Million in Series A Funding led by Northstar Global Partners investment bank
Anaqua, a provider of intellectual asset management (IAM) softwaresolutions, today announced that it has established its US headquarters in Boston, Mass., relocating from London. The move is designed to take advantage of the emerging intellectual asset economy in the US, as well as establishing a local presence for continued talent recruitment. Anaqua also recently expanded its London based operations to better support its European customers.
The company has tapped Ed Mullen, chairman of Northstar Global Partners, as Chairman of its board of directors, while also announcing a series of important appointments to strengthen its executive team: Joe Bradley, CFO; Priya Iyer, executive vice president, products and services; Robert Erman, executive vice president, sales and business development and Ian Reid, vice president of marketing. Last year, Paul DiGiammarino was appointed as CEO of the company.
Additionally, Anaqua has disclosed that it raised $4 million in Series A financing led by Boston-based Northstar Global Partners investment bank. The funding, which closed in July, will be used to expand Anaqua’s operations in research & development and sales & marketing to meet the increased enterprise demand for intellectual asset management solutions.
According to The Economist, as much as 75 percent of the value of publicly traded companies in America comes from intangible assets, up from around 40 percent in the early 1980s . Despite the growing importance of intellectual assets in the world’s economy, a large majority of companies do not have an integrated system for storing and managing intellectual property such as brands, trademarks and patents. Of the approximately $70 billion spent on enterprise IT infrastructure, currently less than one percent of it is spent on IP and intellectual asset management systems.
Anaqua’s IAM system helps companies achieve competitive advantage from their intellectual assets by providing a single platform to store and manage all types of intellectual property. Developed in conjunction with two of the largest IP-owning enterprises in the world, Ford Motors and British American Tobacco, Anaqua enables the enterprise to align intellectual assets with strategic business goals, resulting in improved revenues, profits and risk management.
“We’re entering the dawn of the IP age, in which the management and commercialization of intellectual assets will be the major force in the world’s economy. Companies need to manage and monetize their intellectual assets to remain competitive,” said Paul DiGiammarino, CEO of Anaqua. “The establishment of our new US headquarters is a reflection of the growing need for enterprise-class intellectual asset management systems by the world’s leading IP owners.”
New Chairman, Bolstered Executive Team
Ed Mullen, chairman for Northstar Global Partners, brings over 30 years of venture capital and investment experience to Anaqua’s board of directors. Prior to joining Northstar Global Partners, he was president of MSGi and CMG Direct, and spent 17 years in the advertising industry. Joe Bradley joins Anaqua as the Company’s CFO, bringing ten years of finance and operations experience. Prior to Anaqua, he was a partner at Northstar Global, focusing on mergers and acquisitions.
Also joining Anaqua is Priya Iyer, executive vice president, products and services, Robert Erman, executive vice president, sales and business development, and Ian Reid, vice president of marketing. Iyer has over 15 years of experience in nearly every facet of IT, serving as senior vice president of operations & delivery at Steelpoint Technologies. Erman was part of the founding executive team at Plural, Inc., taking the company from start-up to acquisition by Dell in 2002. Reid provides 25 years of marketing experience in a range of technology companies with a focus on the enterprise business software market.