CPA Global announced the acquisition of Ipendo, a leading international intellectual property (IP) management software and service provider with a strong position in the Nordic region, from Zacco Group.
In conjunction with the acquisition, CPA Global, the world's top IP management specialist, and Zacco Group, the largest IP consultancy in Europe, announced that they will enter into a strategic alliance, whereby CPA Global will support Zacco Group with their patent renewals, while Zacco Group will offer to clients a wide range of IP management products and services from CPA Global. For Zacco Group, the sale of Ipendo represents a further step in its strategy to stay close to its core business of IP consultancy.
Ipendo, headquartered in Malmö, Sweden, is one of the fastest growing companies in the IP sector and is considered among the top IP software providers in the world. Many leading corporations and law firms use Ipendo’s proprietary IP management software platform. Ipendo also provides patent renewals and a range of IP consulting services.
CPA Global's Chief Executive Officer, Peter Sewell, said: "Ipendo is a very innovative and customer-driven company with excellent growth prospects that will be further enhanced through CPA Global’s worldwide operations. At the same time, the acquisition of Ipendo and strategic alliance with Zacco give us a strong foothold in the important Nordic region.
This is a region of increasing economic and strategic significance internationally, and one that is rich in intellectual property. CPA Global has been helping companies and firms in the Nordic region manage and protect their valuable IP Rights for more than 10 years, and we will now be able to provide them with a broader range of services as well as further improve client service and engagement through a more established on-the-ground presence.”
Commenting on the significance of the agreements, Zacco Group’s Chief Executive Officer, Hans-Bertil Håkansson, said: “The sale of Ipendo and the strategic alliance we have established with CPA Global will enable us to focus on our core business and speed up our ambitious growth strategy. The cooperation with CPA Global will lead to further development of our service offerings and new products which perfectly fit into our clients’ requirements.”
The Ipendo Platform is a strong addition to CPA Global’s suite of advanced IP management software solutions, which includes: Memotech, for corporate clients; Inprotech, for law firm clients; and FoundationIP, a hosted solution for managing IP portfolios in corporations and law firms. Last year, CPA Global also launched CPA Global Discover, a sophisticated new patent search platform, which delivers the most reliable and relevant results in the industry.
Toni Nijm, CEO of Ipendo, said: “CPA Global is a world leader in IP management and this acquisition reflects the Company’s recognition both of the Nordic region’s growth as well as the significant potential to develop the Ipendo business concept internationally. Ipendo’s concept combined with CPA Global’s leading position in the IP arena will form an unrivalled capability to provide streamlined IP services to businesses and law firms around the globe. A top priority post-acquisition will be the seamless integration between the Ipendo Platform and CPA Global’s annuity services, resulting in a world-class automated annuity management service.”
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India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.