Questel completed the acquisition of NovumIP from Paragon Partners.

Questel, an IT services provider, completed the acquisition of NovumIP, a group comprised of PAVIS and Novagraaf, from Paragon Partners, a private equity firm. Financial terms were not disclosed. “Through the acquisitions of Brandstock and RenewalsDesk, in 2019 and 2020 respectively, Questel successfully expanded its operations into the areas of trademark management and patent annuities. These new acquisitions aim to accelerate this strategy by relying on Questel’s IT DNA,” Charles Besson, Questel CEO.