Wellspring Acquires IP Pragmatics for End-to-End Tech Transfer and IP Management Solutions
February 02 2023 - 8:05PM
Wellspring, a global leader in software solutions for R&D and
Innovation Management, today announced the acquisition of IP
Pragmatics, one of the world’s 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 Wellspring’s fourth acquisition in
recent years and comes on the heels of a significant equity
investment in Wellspring by Resurgens Technology Partners last
summer.
Wellspring 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 Wellspring’s
core software system.
“In the past year alone, we’ve scaled our professional services
team considerably while rapidly expanding our roster of value-added
services clients,” commented Dr. Robert Lowe, Wellspring’s CEO.
“Joining 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.”
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, Wellspring and IP Pragmatics have operated
as business partners, working together to improve the overall
client experience. Integrating the two firms’ 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 Wellspring’s growing suite of professional services to support
technology commercialization on a global scale. The acquisition
enables even greater integration of renewals software into
Wellspring’s flagship Sophia system, supported by a global staff of
professionals providing docketing, intellectual property
assessment, financial management, licensing support, government
reporting, and other services.
“We’re excited to become part of the Wellspring family,” added
Rupert Osborn, Founder and CEO of IP Pragmatics. “As 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.”
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.
About Wellspring
Wellspring 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 – 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 global Knowledge Supply Chain. For more
information, please visit wellspring.com.
About IP Pragmatics
For over a decade, IP Pragmatics has been among the world’s
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 ip-pragmatics.com.
About 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’ 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 resurgenstech.com.
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