Novagraaf said the investment represents a major endorsement of its plans to grow its business by “investing further into its people, services and technologies, while meeting the changing needs of its global customer base”.
Lutgarde Liezenberg, CEO of Novagraaf, said: “This investment endorses our strategy to meet ever-changing market requirements by investing in our people and technology to provide world-class IP services.”
“We are proud that Paragon supports our vision for growth, and we look forward to working with them to continue to deliver value-added innovative services across the entire IP lifecycle to all our customers.”
He added: “We would also like to thank Gilde for being a very reliable and loyal partner to Novagraaf. Thanks to their professional contribution, we have been able to build a truly unique, leading IP services platform in Europe.”
Dr. Kirschan von Moeller, co-founder and managing partner of Paragon Partners, said: “Novagraaf has developed a diverse, strong and loyal customer base due to its focus on high-quality services and innovative technology.”
“We look forward to working with them to realise further growth potential. Our investment in people, processes and technology will make sure the company continues to outperform on customer expectations.”