The merger will bring a renewed focus on giving law firms and corporations the ability to understand and increase the value of their assets, according to Anaqua.
Anaqua and Lecorpio both provide asset management software to companies with large portfolios, including Google, Ubisoft, Ford and Adobe.
The merged entity will maintain both the Anaqua and Lecorpio brands, while combining this client base, which is 1,000 strong worldwide. Lecorpio CEO Jay Madsen will step down and Anaqua CEO Bob Romeo will lead the combined business.
Commenting on the merger, Romeo said: “Both Anaqua and Lecorpio are deeply committed to the same mission of providing best-in-class IP management software solutions.”
He added: “With our shared mission, and with histories well-rooted in technology and innovation, we will offer clients an unprecedented ability to drive productivity and align IP to their businesses.”
Madsen said: “This merger represents the integration of the industry’s top two IP software companies capitalising on the growing demand for intelligent IP management solutions. I know this newly merged IP software powerhouse is poised for success.”