VC-backed Anaqua and Lecorpio to merge
By Iris Dorbian
Anaqua, a provider of intellectual property management software to corporations and law firms, is merging with Lecorpio, a maker of IP management software. No financial terms were disclosed. The newly combined company will focus on providing tools to law firms to streamline operations and maximize its IP assets. Marks Baughan Securities LLC served as financial adviser to Lecorpio on this transaction. Anaqua is backed by Insight Venture Partners and Bessemer Venture Partners.
BOSTON, MA, July 25, 2017- Anaqua, Inc., the premier provider of Intellectual Property (IP) management and analytics solutions, announced today that it is merging with Lecorpio, a leading developer of end-to-end IP management software. The newly combined company will focus on powering corporations and law firms with the tools to streamline operations, gain insight, and maximize the value of IP assets.
The merged entity will accelerate delivery of the next generation of smart IP platforms to its 1,000 combined customers worldwide, representing some of the most innovative global business and IP professionals. With combined resources, experience, and expertise, the company will leverage technologies such as big data analytics to drive informed IP and business decisions.
“Both Anaqua and Lecorpio are deeply-committed to the same mission of providing best-in-class IP management software solutions,” said Bob Romeo, CEO of Anaqua. “With our shared mission, and with histories well-rooted in technology and innovation, we will offer clients an unprecedented ability to drive productivity and align IP to their businesses.”
The newly combined company will continue to operate both brand names and support both software platforms while maintaining its existing geographic presence in the U.S., Europe, and Asia. With the merger, Jay Madsen will be stepping down from his current role as Lecorpio CEO and Romeo will lead the combined business.
“This merger represents the integration of the industry’s top two IP software companies capitalizing on the growing demand for intelligent IP management solutions,” said Madsen. “I know this newly merged IP software powerhouse is poised for success.”
This merger is another example of Anaqua’s momentum to build upon its existing global offering and brand recognition. Over the last two years, Anaqua has acquired several innovation and patent analytics solution providers including AcclaimIP and IdeaPoint. With its rapid growth, Anaqua has been recognized as a Market Leader by industry leaders, including Hyperion Global Partners, for its IP management solutions for both law firms and corporations.
Marks Baughan Securities LLC served as exclusive financial advisor to Lecorpio in this transaction. Golub Capital provided a Golub Capital One-Loan Debt (GOLD) facility to support the merger. Terms of the transaction were not disclosed.