Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Anaqua, IP Management in the Cloud, Lands $100 Million From Insight

Anaqua_Logo-featureAnaqua, a Boston-based company that specializes in managing intellectual property assets like patents, trade secrets and trademarks in the cloud, has landed an investment from the private equity firm Insight Venture Partners.

Terms were not disclosed in the announcement, but sources familiar with the deal peg the amount of the investment at about $100 million. Previous investors are being bought out under the terms of the deal. Those investors weren’t named, but the firm took a $4 million investment in 2006 from Northstar Global Partners. Jeff Horing and Alex Crisses, both managing directors at Insight, will take seats on the company’s board.

Anaqua’s software platform is intended to help large companies keep track of and protect their IP assets from infringement. Its customers include Microsoft, Coca-Cola, Ford and Kimberly-Clark. Another typical customer: Law firms with big IP litigation offices. The company says its platform is used to manage $500 billion worth of IP assets.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik