Atlanta — (Business Wire— Resurgence Technology Partners, a software-focused private equity firm, today announced that it has completed the acquisition of portfolio company Wellspring, a leading provider of innovation and IP management software, IP Pragmatics, a leading technology consulting and services company. Transfer and management of intellectual property. The combined company will provide the most comprehensive technology transfer and IP management solutions on the market, serving more than 900 companies, research institutions and government agencies worldwide.
Wellspring has been a diversified blue-chip software leader in technology transfer and IP management with hundreds of organizations in over 70 countries. In recent years, there has been an increasing demand for value-added services that complement Wellspring’s core software system.
“Over the past year alone, we’ve grown our professional services team significantly and are rapidly expanding our customer base for value-added services,” said Robert Lowe, CEO of Wellspring. “Joining IP Pragmatics will allow us to efficiently build this rapidly growing segment of our business and realize our vision to provide comprehensive support services to our clients in the technology transition industry.”
TTO directors and IP leaders have recently hired a variety of software vendors and service providers. For the past several years, Wellspring and IP Pragmatics have been working as business partners, working together to improve the overall customer experience. Combining the capabilities of the two organizations will provide the first end-to-end solution to offer a comprehensive solution across all demand categories in this market.
The addition of IP Pragmatics’ extensive experience in IP renewal, back office support and strategic consulting round out Wellspring’s growing suite of professional services to support technology transactions worldwide. The acquisition will enable the integration of the renewal software with Wellspring’s flagship SOFIA system.
“We are thrilled to be part of the Wellspring family,” said Rupert Osborne, founder and CEO of IP Pragmatics. “As partners, our two companies have developed a high degree of familiarity and mutual trust. Now, we can take our formidable collaboration to the next level.”
This acquisition highlights Wellspring’s partnership with Resurgens Technology Partners and demonstrates a shared goal of expanding Wellspring’s platform offering to provide technology delivery offices with value-added services through end-to-end IP management software.
“Wellspring’s software platform, combined with IP Pragmatics’ expertise, is an important step toward achieving our vision of providing technology-infused software and services to research universities, hospitals and institutions around the world with technology transfer offices,” said Danny Carpenter. Principal in Resurgens. “We are excited to combine these capabilities and accelerate the growth and progress of Wellspring.”
About Wellspring
Wellspring is a provider of R&D and innovation management software and solutions for corporations, universities and government agencies. Wellspring helps our clients succeed in the innovation economy by coordinating global R&D and innovation programs – managing development portfolios, researching technology trends, finding innovation partners, identifying startups and commercializing innovations. Wellspring works with more than 500 organizations worldwide to support the continued growth of the global knowledge supply chain. For more information, please visit wellspring.com.
About IP Pragmatics
For over a decade, IP Pragmatics has been one of the world’s preeminent providers of professional services and consulting to the corporate IP and technology transfer communities worldwide. The IP Pragmatics team is made up of active international networks and contacts of former industry and IP specialists. The team has extensive market, industry, IP and scientific data resources to complement its analytical strengths. IP Pragmatics’ clients include universities, research institutes, small enterprises and public sector organizations in more than 20 countries. IP Pragmatics is 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 private equity firm investing in North American and technology focused, select European lower middle market application and IT/infrastructure software businesses. Resurgens’ mature team provides diverse investment, operational and talent management experience, applying a proactive and engaged value creation approach to each portfolio company. Resurgens is headquartered in Atlanta, with additional professionals located in Austin, London and Silicon Valley. For more information, please visit resurgenstech.com.
