MLM 2, an information services and software platform led by veteran IP executive Mason Slaine, and Warburg Pincus, a leading global growth investor, have acquired Minesoft, a patent search provider.
The investment will enable the company to accelerate the development of new products, expand and scale globally, including in the US, and enhance existing products with analytics, artificial intelligence, and machine learning. Terms of the transaction were not disclosed.
Minesoft marks the first acquisition for MLM 2, backed by a USD1 billion equity commitment from Warburg Pincus. MLM 2 continues to pursue additional acquisitions in information, software, and technology-enabled services, and aims to become the most advanced IP software, information, and services provider through extraordinary organic and inorganic investment. Mason Slaine, Co-Founder and Executive Chairman of MLM 2, will assume the role of Executive Chairman of Minesoft.