Astorg has completed its acquisition of Corsearch, from Audax Private Equity. Corsearch’s suite of end-to end brand risk and performance solutions include trademark research, online brand protection, and anti-piracy. The acquisition of Corsearch marks the second intellectual property deal announced by Astorg, which previously purchased Anaqua, an integrated end-to-end intellectual property management software to the corporations.
Tobi Hartmann, CEO of Corsearch, said, “We are thrilled to welcome Astorg as our new owners and partners as we strengthen Corsearch Brand Risk and Performance solutions even further. They have extensive experience and knowledge in this industry, but more importantly they understand our customer needs well. Astorg has a track record of investing in product and technology in its portfolio companies, so I look forward to together building the next generation of the Corsearch suite and creating further value for our esteemed customers.”
François de Mitry, managing partner at Astorg, added, “We are excited to partner with Corsearch on its continued journey as the vendor of choice for corporations and law firms in brand risk and performance services. We have tracked the company for many years and have been impressed with its strong market position and innovative technology.” Christopher Cozzone and Michael Beetz, Directors at Astorg, added: “Corsearch’s obsession is to create strong value for its enterprise customers. Its integrated IP platform is in a unique position to support legal, brand and marketing departments globally. We are excited to back management’s growth ambitions, accelerate investments in R&D, and actively consider M&A opportunities.”
Tim Mack, managing director at Audax, commented, “We are incredibly proud of our partnership with the Corsearch team. In just over three years, Corsearch has seen transformational growth in all their service offerings. We wish Tobi and his team the best for the future and look forward to working with Astorg as they steer the company into its next phase of growth.”
Harris Williams and Goldman Sachs served as financial advisors to Audax and Kirkland & Ellis LLP served as legal counsel.