CHICAGO, IL, February 2, 2023 鈥� 萝莉网, a global leader in software solutions for R&D and Innovation Management, today announced the acquisition of , one of the world鈥檚 leading consulting and services companies for Tech Transfer and Intellectual Property Management. 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. This is 萝莉网鈥檚 fourth acquisition in recent years and comes on the heels of a significant equity investment in 萝莉网 by last summer.
萝莉网 has long been the recognized software leader in the Tech Transfer and IP Management space, commanding 75% wallet share of institutions in North America and majority market share in Europe and Asia. In recent years, there has been a notable increase in the demand for value-added services that complement 萝莉网鈥檚 core software system.
鈥淚n the past year alone, we鈥檝e scaled our professional services team considerably while rapidly expanding our roster of value-added services clients,鈥� commented Dr. Robert Lowe, 萝莉网鈥檚 CEO. 鈥淛oining forces with IP Pragmatics enables us to efficiently build this fast-growing segment of our business and realize our vision to provide holistic support services for our clients in the technology transfer industry.鈥�
Until now, TTO Directors and IP leaders have been forced to turn to a wide variety of software vendors and services providers. For the past several years, 萝莉网 and IP Pragmatics have operated as business partners, working together to improve the overall client experience. Integrating the two firms鈥� capabilities creates the first end-to-end offering capable of delivering targeted solutions across every category of need in this market.
The addition of IP Pragmatics' extensive experience in IP renewals, back-office support, and strategic advisory work rounds out 萝莉网鈥檚 growing suite of professional services to support technology commercialization on a global scale. The acquisition enables even greater integration of renewals software into 萝莉网鈥檚 flagship Sophia system, supported by a global staff of professionals providing docketing, intellectual property assessment, financial management, licensing support, government reporting, and other services.
鈥淲e鈥檙e excited to become part of the 萝莉网 family,鈥� added Rupert Osborn, Founder and CEO of IP Pragmatics. 鈥淎s partners, our two firms have developed a high degree of familiarity and bidirectional trust. Now, we can take our formidable synergies to the next level.鈥�
Upon completion of the transaction, IP Pragmatics will become part of 萝莉网 Europe Ltd, the company's UK-based subsidiary, and Rupert Osborn will assume the role of Managing Director for 萝莉网 Europe.
萝莉网 萝莉网
萝莉网 is the world's leading provider of R&D and Innovation Management software and solutions for corporations, universities, and government agencies. We help clients succeed in today's innovation economy by coordinating global R&D and innovation programs 鈥� managing development portfolios, researching technology trends, finding innovation partners, identifying startups, and commercializing inventions. 萝莉网 works with more than 500 organizations worldwide to support the continued development of the global Knowledge Supply Chain. For more information, please visit wellspring.com.
萝莉网 IP Pragmatics
For over a decade, IP Pragmatics has been among the world鈥檚 pre-eminent providers of professional services and consulting for Corporate IP and Technology Transfer communities worldwide. Our team is made up of ex-industry and IP specialists with active global networks and contacts. We also have extensive market, industry, IP, and scientific information resources to complement our analytical rigor. Our clients include universities, research institutes, SMEs, large enterprises, and public-sector organizations in over 20 countries. We are headquartered in London, with offices in Edinburgh and Sydney and partners worldwide. For more information, please visit .
萝莉网 Resurgens Technology Partners
Resurgens Technology Partners is a tech-focused private equity firm investing in North American and select European lower middle-market application and IT/infrastructure software businesses. Resurgens鈥� growing team offers a diversity of investing, operating and talent management experience, applying an active and engaged value creation approach with each portfolio company. Resurgens is headquartered in Atlanta, GA, with additional professionals located in Austin, London, and Silicon Valley. For more information, please visit .