Two competing providers of platforms for managing intellectual property today announced their merger and their plans to create a next-generation IP software and services company.

Boston-based Anaqua, Inc., which has products for both corporations and law firms, and Fremont, Calif.-based Lecorpio, which focuses on corporations, say their newly combined company will focus on powering corporations and law firms with tools to streamline operations, gain insight, and maximize the value of IP assets.

With 1,000 combined customers worldwide, the new company will continue to operate both brand names and support both software platforms and will maintain its existing geographic presence in the U.S., Europe, and Asia. Anaqua CEO Bob Romeo will remain CEO of the combined companies, while Lecorpio’s CEO Jay Madsen will be stepping down.

“Both Anaqua and Lecorpio are deeply-committed to the same mission of providing best-in-class IP management software solutions,” Romeo said in a statement. “With our shared mission, and with histories well-rooted in technology and innovation, we will offer clients an unprecedented ability to drive productivity and align IP to their businesses.”

Read the full announcement here.

Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.