LONDON – Media, technology and IP law firm Wiggin LLP today announced that INCOPRO, an online brand and IP protection business that the firm co-founded, has raised $21m from leading growth equity investor, Highland Europe.
INCOPRO will use the investment to accelerate the development of its suite of technology products that underpin INCOPRO’s offering in detecting and enforcing against IP infringement online. The company also plans to expand its existing operations in China, and strengthen its presence in the US and Europe.
Simon Baggs, Wiggin partner and INCOPRO CEO said: “After Wiggin led on the ground-breaking Newzbin case, a judgement that paved the way for piracy websites to be blocked by ISPs, we felt there was a need for technology to do more to support clients in tackling the growing global issue of online IP infringement . We are fortunate to work for many household name brands and we’re excited about the opportunity this investment provides to further INCOPRO’s growth.”
John Banister, CEO of Wiggin said: “The establishment and growth of INCOPRO highlights the entrepreneurial and innovative spirit at the heart of Wiggin. The willingness to do things differently helps us offer the best service for clients; our sector focus allows us to identify ways to support and enhance our clients’ businesses.”
INCOPRO was established to deliver intelligence around IP infringement and automated prioritised enforcement. INCOPRO’s technology for protecting brands online monitors IP infringements by scouring the web in real time, pulling in data on IP infringement and then prioritising that data to identify the key issues for clients. Its unique, automated network analysis identifies sophisticated, large-scale operators.
Wiggin has been recognised by the industry for its innovation and entrepreneurial approach in creating and investing in INCOPRO and several other ventures including Cirkus, Viewfinder, Overmorrow and Reviewed & Cleared. Wiggin was awarded the FT Innovation in IP award in 2015 in recognition of its work with INCOPRO.
Wiggin plans to continue with other ventures as part of its strategy to compete with the best in its chosen fields and to be focussed on the challenges of the future.