Anaqua, a Boston, MA-based provider of innovation and intellectual property management solutions, will receive an equity investment from Astorg, a European private equity firm.
The amount of the deal – subject to customary regulatory approvals and closing conditions – was not disclosed. As part of it, Astorg will become the controlling shareholder of Anaqua, replacing Insight Venture Partners and Bessemer Venture Partners, both of which have been investors since 2013.
Astorg’s investment aims to strengthen Anaqua’s capacity to pursue strategic growth initiatives in the intellectual property management space.
Led by Bob Romeo, CEO, Anaqua is a provider of integrated, end-to-end innovation and intellectual property (IP) management solutions, serving 50% of the top 25 U.S. patent filers, 50% of the top 25 global brands, and a growing number of law firms. Its IP platform, used by nearly one million IP executives, attorneys, paralegals, administrators, and innovators globally, merges best practice workflows with big data analytics and tech-enabled services to create one intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations.