27 August 2020
NovumIP Group strengthens its position with patent and trademark renewals through acquisiton of IPRIS AG
NovumIP Group, which was formed through the combination of PAVIS and Novagraaf, has acquired all of the shares in IPRIS AG. NovumIP thereby further strengthens its global market leading position in IP support services, in particular in the field of patent annuities and trademark renewals.
Since its establishment in 2004, IPRIS has been reliably supporting universities and research institutes as well as corporates and IP law firms in the efficient administration of their IP portfolios, especially with regard to patent annuity payments. Its worldwide coverage and the ability to react flexibly to client requirements have made IPRIS a trusted IP partner. Today, with more than 200 clients in Europe, USA and Australasia, it is one of the established service providers in the field of intellectual property, managing >30,000 intellectual property rights in 120+ countries and completing 12,000 renewals every year. By joing NovumIP Group, IPRIS benefits from the operational strength of a leading, global IP service provider and the ability to offer its clients additional innovative, technology-enabled and cost efficient IP services.
Formed through the joint venture of Novagraaf and PAVIS in late 2019, NovumIP is a leading global intellectual property (IP) service provider. At NovumIP 350 IP specialists manage more than 2 million IP rights for 30,000+ customers globally. The group offers a comprehensive portfolio of Legal & Consulting and administrative Support Services thereby actively supporting the customers throughout the full IP lifecycle. NovumIP is focused on delivering innovative, technology-enabled and cost efficient IP services.
Paragon is one of the leading independent private equity firms in Europe with more than €1.2 billion of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 13 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de.