We are thrilled to announce that WiseTime will soon embark on an exciting new journey as part of Anaqua – the leading global innovation and intellectual property (IP) management and legal connectivity technology provider. Together, we will join forces to enhance the efficiency of legal operations.
Over 10 years ago, leveraging our experience as practicing patent attorneys, we founded WiseTime to help drive efficiency within legal operations. Developed by attorneys, for attorneys, we have grown over the years to address the unique challenges attorneys face in operational efficiency, and today we see even greater opportunity ahead with an organization who shares our same vision. Since our initial interactions with Anaqua, it has been clear we share the same passion for leveraging technology to drive efficiency in legal operations.
Anaqua, the leading global innovation and intellectual property (IP) management technology provider has entered into a definitive agreement to acquire Practice Insight Pty Ltd, and its intelligent time capture software WiseTime, from IPH Limited.
Our technology is an ideal complement to the breadth and depth of Anaqua’s solutions, and I know you, and our employees, will be well served. Anaqua will continue to enhance our flagship autonomous time capture tool as a standalone offering, in addition to investing in additional features and functionality to complement Anaqua’s two IP management software solutions, AQX® and PATTSY WAVE®.
As a member of IPH, Practice Insight has been at the forefront of developing IP business intelligence software, including its flagship offering WiseTime, a seamless and automated timekeeping solution. In leveraging Practice Insight’s technology for integrated IP time and billing functionality, Anaqua will enhance both AQX® Law Firm and PATTSY WAVE® as IP management platforms for law firms, while adding WiseTime, to its suite of standalone offerings.
We look forward to continuing to offer the levels of support, service, and connectivity to which our clients have grown accustomed, while leveraging Anaqua’s scale to invest in our core WiseTime tool and to develop new solutions that further serve your needs.
The transaction is conditional on regulatory approvals and other usual conditions and is expected to complete early in the third quarter. Read more in the official Press Release from Anaqua.
Our companies share a deep passion for leveraging technology to drive efficiency within IP operations. We have quickly developed a strong rapport with the Anaqua team and look forward to joining the organization, as we execute against our shared vision for an end-to-end IPMS for law firms.
Thomas Haines, CEO & founder of WiseTime