Two Ottawa-based companies announced plans to merge Thursday in a deal they say will create a leading patent advisory services firm.
Chipworks and TechInsights “come from a similar DNA,” TechInsights CEO John Day said, with “a long history back to Mosaid.”
Both firms analyze how microprocessors have been designed and built, he said.
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“In that microscopic world, there is a staggering amount of intellectual property, as you can imagine,” he said. “It’s very difficult to see and understand what’s going inside the microprocessor unless you use a service like we provide.”
Mr. Day said the two firms had been competing for 25 years and were “easily the No. 1 and 2 provider of that intelligence service in the world.” Now that they are merging under the TechInsights banner, they will be the undisputed leader.
Chipworks CEO Terry Ludlow and president Julia Elvidge will assume senior roles with the combined company, reporting to Mr. Day.
TechInsights is owned by AXIO Data Group, a British private equity firm. Under terms of the merger, AXIO retains majority control but Mr. Ludlow and Ms. Elvidge will have a minority stake in the company. Mr. Day will also have a small ownership interest, he said.
TechInsights was formed in 1989 as Semiconductor Insights by a group including Mr. Ludlow.
“I am delighted that the businesses have now been brought together so that a new business, combining the considerable strengths of both companies, is formed,” he said in a statement. “It means that we will serve our clients at continually higher levels for the next 25 years.”
TechInsights and Chipworks already counted 37 of the 50 largest U.S. patent owners among their clients. They say joining forces will ensure their customers have access to the best advanced technology intelligence and technology-based patent advice.
