Insight Venture Partners has reportedly agreed to invest $100m in intellectual property management business Anaqua by buying out its existing investors.
The company was initially based in London but relocated to Boston in 2006 after receiving $4m of Series A financing from Northstar Global Partners.
Anaqua says its software helps companies grow and protect their intellectual property, including inventions, patents, trade secrets, brands and trademarks, and helps law firms improve their IP practices.
Insight managing director Jeff Horing said, “It is rare to find a company with Anaqua’s combination of people, technology, financial profile and market growth opportunity.
“Our plan is to provide resources and expertise to help Anaqua achieve its full potential in the global Intellectual Property market”
Insight closed its eighth fund on $2.57bn in May, making it the largest vehicle raised by the tech-focused investor.
Insight Venture Partners Fund VIII was significantly larger than its predecessor, which was closed with institutional commitments of $1.5bn in 2011.
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