Questel, a leading provider of enterprise intellectual property solutions, including data, analytics, software, and services, has acquired ITIP. ITIP is a highly innovative intellectual property solutions provider with patented and patent-pending solutions that deliver significant savings to its clients on their international intellectual property filing costs. Marks Baughan is pleased to announce its role as exclusive financial advisor to ITIP in this transaction.
Founded in 1970, Questel provides research and decision-making solutions in the intellectual property segment. Questel’s SaaS (Software as a Service) and consultancy services cover needs across the entire innovation life cycle: competitive and technological intelligence, invention capture, prior-art research, freedom-to-operate, and patent and license portfolio valuation.
Questel works with over 3,000 companies in more than thirty countries and has offices in London, Washington, Tokyo and Beijing. Since 2015, with the support of its partners, Capzanine and Raise, the group has stepped up its expansion and completed two build-up transactions, acquiring Intellexir and Gem360 to expand and enhance its product range. In 2016, Questel reported sales of more than 31 million euros.
The acquisition of ITIP, a company specializing in international patent filing, is in line with Questel’s strategy to provide its clients with tools and services covering all needs related to the different intellectual property life cycles. ITIP was set up in 2006 by its current manager Tom Quinn, who will remain at the head of the company. It has developed an innovative solution that delivers significant savings to its clients on their international patent filing costs.
This transaction continues Questel’s growth by adding to the range of services it has to offer and extending its reach in the Americas.
For more information on this transaction, please contact:
Nick Baughan
610.616.3294
nbaughan@marbau.com
Chris Skoff
610.616.3297
cskoff@marbau.com
Joe Loreto
610.643.4618
jloreto@marbau.com
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
For more information on Marks Baughan, visit www.marksbaughan.com.
About ITIP
ITIP’s innovative solutions provide complete transparency into the cost management of IP law firms and international agents. Bringing together a unique vision that combines proprietary best practices, state of the art technology and IP human resources, ITIP has a variety of proven solutions for large companies to cut through waste and eliminate unnecessary cost. ITIP’s senior management team has nearly a century of experience providing IP services to large multinational companies, and have worked for large corporations as General Counsel, Chief IP Counsel and patent professionals. ITIP is dedicated to creating state of the art best practices and IT solutions for cost management of IP services. We provide large companies with the human and technological resources they need to maximize efficiency and enjoy complete financial transparency throughout the entire international patent prosecution life cycle.
For more information on ITIP, visit www.itip.com.
About Questel
Questel offers a comprehensive suite of web based services for productivity and collaboration dedicated to intellectual property with search, analysis and idea-to-asset management capabilities. Questel provides a comprehensive and unique collection of intellectual property databases. For each stage of the innovation lifecycle Questel also proposes consulting services, as well as online and onsite training.
For more information on Questel, visit www.questel.com.