Venture Capital News: Anaqua Inks Major Growth Equity Investment
2013-07-17
BOSTON, MA, Leading provider of intellectual asset management (IAM) services and SaaS software announced that Insight Venture Partners will make a significant investment in Anaqua.
Anaqua, a leading provider of intellectual asset management (IAM) services and SaaS software, and Insight Venture Partners, a leading global private equity firm, today announced that Insight will make a significant investment in Anaqua. The terms of the agreement, which include the buyout of Anaqua's existing investors, were not disclosed. As part of the transaction, Jeff Horing and Alex Crisses, Managing Directors at Insight, will join Anaqua's Board of Directors.
'This is a very exciting step for us,' said Priya Iyer, Chairman and CEO of Anaqua. 'Anaqua's growth has brought us to the point where it is time for a new phase of strategic expansion requiring new resources for accelerated market development in all geographies, as well as continued investment in products and new IP services. We will continue to serve our clients with the same team and same product and service offerings but with expanded resources for future growth.'
Anaqua's software helps leading global companies grow and protect their intellectual property, including inventions, patents, trade secrets, brands and trademarks, and helps law firms improve their IP practices. Anaqua's SaaS-based platform enables companies to align their intellectual property with their business goals, prosecute and secure it; and create value through more efficient licensing. Companies are further able to pay IP maintenance in multiple global jurisdictions using Anaqua's payment services platform. More than 20,000 users in over 100 countries are using Anaqua to manage approximately $500 billion in intellectual assets; these include users from Microsoft, Ford, Kimberly-Clark, Eastman Chemical and The Coca-Cola Company.
'It is rare to find a company with Anaqua's combination of people, technology, financial profile and market growth opportunity,' said Jeff Horing, Managing Director at Insight Venture Partners. 'Our plan is to provide resources and expertise to help Anaqua achieve its full potential in the global Intellectual Property market.''
'Priya and the Anaqua team have done an outstanding job of building the company to its current level of success,' said Alex Crisses, also a Managing Director at Insight, which this year raised a $2.57 billion investment fund. 'We look forward to working with them in the next phase of growth and opportunity.'
As part of the transaction, Marks Baughan & Co. and GTC Law Group CA LLP & Affiliates served as advisors to Anaqua. Goodwin Proctor LLP and Deloitte Transactions Services provided services to Insight Venture Partners.
About Anaqua
Anaqua provides intellectual asset management software and maintenance services to patent and trademark holders worldwide. Anaqua's software helps leading companies grow and protect company value with an advanced, flexible IAM solution used by more than 20,000 users in over 100 countries to manage more than $500 billion in intellectual assets. The ANAQUA Enterprise IAM solution supports the full IA lifecycle from idea to monetization for all IA categories, including inventions, patents, trade secrets, brands and trademarks. Clients include Microsoft, Ford, Kimberly-Clark, Eastman Chemical and The Coca-Cola Company. ANAQUA Express provides IAM best practices configured for smaller IP teams. ANAQUA Element is a quick start, cloud-based solution for small IP portfolios. ANAQUA Essential provides IP Practice Management for law firms.
Anaqua's annuity and renewal services are provided under the ANAQUA Services brand. ANAQUA Services clients include STMicroelectronics, NXP Semiconductors, Peugeot, France Telecom, Samsung and Honeywell.
Anaqua is headquartered in Boston, MA, and has major European offices in London, UK and Pau, France. For additional information please visit http://www.anaqua.com
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