Mirus Advises ideaPoint in Sale to Anaqua
Mirus Capital Advisors announced that ideaPoint Inc., a provider of SaaS innovation management solutions for the global enterprise and a pioneer in the innovation management industry, has been acquired by Boston-based Anaqua, a worldwide leading provider of intellectual property (IP) management software and services. Mirus served as the exclusive financial advisor to ideaPoint.
“We are excited to join forces with Anaqua” said ideaPoint CEO Scott Shaunessy. “As a well-established global software company built on the same technology stack and with a complementary service offering, we think that we can offer an incredibly powerful value proposition to our combined customer base. Anaqua also brings to the table a strong physical presence in some of our fastest growing geographical markets in Europe and Asia.”
“We built a nice business, with global customers and a unique enterprise solution around innovation management. However we needed a partner where the strategic, operational and financial fit would allow for dynamic growth for the combined organizations,” said Hugh Devine, founder and president of ideaPoint. “The Mirus team helped prepare us on all fronts, before beginning the outreach process. That preparation and the subsequent execution of the plan resulted in capturing excellent value for our shareholders, made possible by a vision of rapid growth and profitability for the new enterprise. We were busy running the day to day business, and could not possibly have achieved such a great outcome without their guidance, counsel, focus and perseverance.”
ideaPoint delivers the leading innovation management solution for the global enterprise. ideaPoint provides full lifecycle management of partnering and collaboration opportunities so that companies can tactically scout, evaluate and seize a range of innovation opportunities, secure strategic partnerships, and manage critical requests, initiatives and alliances. ideaPoint clients include some of the world’s most successful BioScience companies with client locations in over 30 countries.
Anaqua helps corporations and law firms turn intellectual property into competitive advantage. Nearly one million IP professionals in over 150 countries use ANAQUA to manage more than a billion dollars in intellectual assets. Many of the best known brands and most innovative products were conceptualized, evaluated, protected and monetized through the ANAQUA platform. Anaqua is a privately-held company headquartered in Boston-US and has major European offices in London-UK and Pau-France as well as offices in other cities in North America, Asia and Europe.Back to Transactions