Anaqua acquires Actio IP, offers integrated tech-enabled foreign filing solutions

KUALA LUMPUR, May 25 -- Anaqua, the leading innovation and intellectual property (IP) management technology provider, has acquired tech-enabled IP services company Actio IP from Acapo AS.

The transaction further strengthens Anaqua’s strategic line of IP management solutions, offering corporations and law firms an intuitive, transparent, and efficient experience in managing the Patent Cooperation Treaty (PCT) National Phase and European Patent (EP) Validation filing processes.

Anaqua will continue to enhance Actio IP’s tech-enabled foreign filing services platform, ACTIO Portal, while significantly investing in the integration of the services with Anaqua’s IP management software and payment services.

Actio IP, which also offers IP renewals, will add incremental volume to Anaqua’s existing payments business, according to a statement.

“Both companies share a deep commitment to leveraging technology to optimise the IP workflow process,” said President of Anaqua Services, who will lead the new business unit, Christine Jennings.

“We believe this combination will enhance the customer experience by pairing our existing payments business with another high-quality service that can be seamlessly-integrated with our software platforms and other offerings.”

All Actio IP employees will join Anaqua as part of the acquisition, as the business expands its current operations in Bergen, Norway under the management of Actio IP executives Spencer Vold-Burgess and Anders Osa-Svanberg, who will both report to Jennings.

Latham & Watkins LLP and Wikborg Rein Advokatfirma AS served as legal counsel to Anaqua.

-- BERNAMA