Wellspring, a Chicago, IL-based provider of a software solutions for R&D and Innovation Management, acquired IP Pragmatics, a London, UK-based consulting and services company for Tech Transfer and Intellectual Property Management.
The amount of the deal was not disclosed.
With the acquisition, Wellspring will enable integration of renewals software into its flagship Sophia system, supported by a staff of professionals providing docketing, intellectual property assessment, financial management, licensing support, government reporting, and other services. By integrating their respective offerings, the combined company will now offer the most comprehensive solutions on the market, servicing over 900 companies, research institutions, and government agencies worldwide.
Led by Rupert Osborn, Founder and CEO, IP Pragmatics is a provider of professional services and consulting for Corporate IP and Technology Transfer communities worldwide. Clients include universities, research institutes, SMEs, large enterprises, and public-sector organizations in over 20 countries. Upon completion of the transaction, IP Pragmatics will become part of Wellspring Europe Ltd, the company’s UK-based subsidiary, and Rupert Osborn will assume the role of Managing Director for Wellspring Europe.
Led by CEO Dr. Robert Lowe, Wellspring is a provider of R&D and Innovation Management software and solutions for corporations, universities, and government agencies. The company helps clients succeed in today’s innovation economy by coordinating global R&D and innovation programs – managing development portfolios, researching technology trends, finding innovation partners, identifying startups, and commercializing inventions. Wellspring works with more than 500 organizations worldwide to support the continued development of the Knowledge Supply Chain.
FinSMEs
06/02/2023