Questel, one of the world’s largest intellectual property software and service providers, has signed an agreement to acquire a majority stake in Yoomap, a leader in open innovation software.

Founded in 2014 and based in Paris (France) with over 30 employees, Yoomap delivers effective Open-Innovation solutions. These solutions provide Yoomap clients with a unique way to manage ideation processes, as well as innovation relationships between well-heeled corporations and startups.

This acquisition, following the Brandstock investment a few weeks ago, is part of Questel’s strategy to link it’s one-stop-shop intellectual property suite to the innovation market.

“Since intellectual property protection is interwoven with all successful innovation initiatives, Yoomap’s corporate/start-up relationship platform is highly synergistic to what we do best,” says Charles Besson, Questel CEO.

“I’m thrilled to integrate Yoomap into Questel’s Innovation business unit, along with the Expernova-based business intelligence solution for innovation decision-makers,” added Richard Biquillon, Yoomap’s CEO. “This combination will offer the marketplace much-needed software to provide data, insights, and innovation workflow management to turn ideas and collaborations into business.