According to the United States Department of Commerce, the entire U.S. economy relies on some form of intellectual property (IP), because nearly every industry either produces or uses it. In 2010, IP-intensive industries, such as the technology industry, accounted for nearly 35 percent of the country’s gross domestic product, and the importance of IP continues to grow with each passing year. Inventergy Global, Inc. (NASDAQ: INVT), through the extensive knowledge and experience of its management team, is working to usher in a new world in IP value creation.
Highly regarded for his IP accomplishments at tech giant Hewlett-Packard, Joe Beyers, Chairman and Chief Executive Officer of Inventergy, formed the company to assist corporations in getting greater value from inventions and ideas. Using a win-win monetization approach, the company is able to provide clients with unmatched flexibility in their licensing efforts, leading to shared revenue with a managed level of risk. Through this method, the company is committed to becoming the leading industry standard in technology IP licensing in the years to come.
In an effort to accelerate its licensing operations, Inventergy recently announced agreements with several institutional and accredited investors involving the purchase of $2.15 million of common stock, which the company intends to use for working capital purposes in support of its licensing strategies.
“We are extremely pleased by this round of funding that provides us additional resources to pursue the various deals in our current pipeline,” stated Beyers. “This strengthens our ability to move those discussions along.”
With patent litigations on the rise and multi-billion dollar deals making headlines around the world, corporate executives are under intense pressure to properly manage and create value from IP assets. According to a report from Ocean Tomo, intangible assets made up 80 percent of the total market value of the S&P 500 in 2010, highlighting the extreme importance of adequately managing these assets. With over 100 years of combined experience handling more than $15 billion in IP and technology transactions throughout its leadership team, look for Inventergy to make significant strides towards increasing its share of the global IP market in the coming years.
For more information, visit www.inventergy.com
