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CPA Global, an IP management specialist, is acquiring Ipendo, a leading international intellectual property (IP) management software and service provider with a strong position in the Nordic region, from Zacco Group.

CPA Global has signed a strategic alliance with Zacco Group, the largest IP consultancy in Europe, whereby CPA Global will support Zacco Group with their patent renewals, while Zacco Group will offer to clients a wide range of IP management products and services from CPA Global, company officials said.

With the sale of Ipendo, Zacco Group, further validates its strategy to stay close to its core business of IP consultancy.

"The sale of Ipendo  and the strategic alliance we have established with CPA Global will enable us to focus on our core business and speed up our ambitious growth strategy,” said Zacco Group's Chief Executive Officer Hans-Bertil Håkansson in a statement. “The cooperation with CPA Global will lead to further development of our service offerings and new products which perfectly fit into our clients' requirements."

Headquartered Malmö, Sweden, Ipendo is regarded as one of the top IP software providers in the world. The company offers services to several leading corporations and law firms. Ipendo also provides patent renewals and a range of IP consulting services.

"Ipendo is a very innovative and customer-driven company with excellent growth prospects that will be further enhanced through CPA Global's worldwide operations,” said CPA Global’s Chief Executive Officer Peter Sewell in a statement.

More importantly the acquisition of Ipendo and strategic alliance with Zacco give CPA Global a strong foothold in the important Nordic region, a region of increasing economic and strategic significance internationally, and one that is rich in intellectual property.

With this acquisition, CPA Global will add the Ipendo Platform to its suite of advanced IP management software solutions comprising Memotech, for corporate clients; the recently announced Inprotech, for law firm clients; and FoundationIP, a hosted solution for managing IP portfolios in corporations and law firms.

Last year, CPA Global also launched CPA Global Discover, a sophisticated new patent search platform, which delivers the most reliable and relevant results in the industry, according to company officials.