Sopheon

2y

Wellspring acquires Sopheon, creating an end-to-end global InnovationOps software and solutions provider Chicago, IL – February 20th, 2024 – Wellspring, a Resurgens Technology Partners’ portfolio company and global leader in software and solutions for Technology Transfer, IP Management, and Innovation Management, announced today that it has completed the acquisition of Sopheon, a leading provider of Innovation Management software solutions. By uniting Wellspring’s leadership position in academic, government, and corporate innovation with Sopheon’s strengths in corporate Innovation Management, the acquisition creates a differentiated global provider of best-in-class innovation software solutions across the global R&D and innovation ecosystem. The combined company will help customers manage the innovation process from early-stage discovery and invention through product commercialization and strategic portfolio management. The combined company will be led by CEO Sean Downs, a multi-time CEO with experience scaling global software companies. “We are thrilled to welcome the Sopheon team as our new colleagues,” said Sean. “Our complementary product and service offerings, end markets, and geographic footprints present exciting opportunities to unlock new growth.” For Wellspring, this acquisition represents the latest in a series of growth investments, following Resurgens Technology Partners’ 2022 platform investment in Wellspring. The Sopheon acquisition will further accelerate