Chicago, IL (October 25, 2016) Ocean Tomo Transactions team facilitates sale of wireless audio intellectual property to leading consumer electronics company.
Ocean Tomo LLC, the intellectual capital merchant banc™ firm announced today that the Ocean Tomo Transactions team represented a wireless audio technology company in the sale of its cutting edge wireless audio patent portfolio, which included both granted patents and pending applications, to a leading consumer electronics company.
“When our client recently sold its business, which successfully commercialized the patents, it believed that it could generate greater shareholder value by selling the patents separately from the company,” says James Trueman, Managing Director of Ocean Tomo’s Advisory Services Group, comprised of transactions and investments advisory.
With the global wireless audio device market estimated to triple in size to over $24.5 billion dollars in the next five years, the acquirer of these patents will be in a much better position to extract value from them through its existing and future products than the seller, a small enterprise.
About Ocean Tomo, LLC
Ocean Tomo, the Intellectual Capital Merchant Banc™ firm, provides companies with financial services related to intellectual property and intangible assets. Practice offerings include financial expert testimony, valuation, strategy consulting, innovation management consulting, investment and transaction advisory.
Our Opinion, Management, and Advisory Services are built upon more than two decades of experience valuing intellectual property in the most rigorous of venues – State, Federal and international courts. Our financial, market and technical experts provide a unique understanding of the contributory value of proprietary innovation. This is the cornerstone of our business. This insight permeates every practice and client engagement.
Collectively, Ocean Tomo professionals have:
- Executed over 750 engagements involving IP worth in excess of $10 billion;
- Successfully closed transactions where disruptive technology played a key role, with cumulative value in excess of $650 million;
- Conducted over 250 valuation engagements and 300 financial damages expert testimony engagements.
Subsidiaries of Ocean Tomo include: Ocean Tomo Investment Group, LLC, a licensed broker dealer under federal and state securities law (brokercheck.finra.org Broker Check CRD #: 172912); OTI Data Networks, LLC; Patent Marking, LLC; and Ocean Tomo Capital, LLC – publisher of the Ocean Tomo 300® Patent Index family.
Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined.
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