Inventergy Global, Inc. (INVT)
Inventergy Global, Inc. (INVT) serves as an intellectual property (IP) licensing partner for technology-based companies looking to add value to their inventions and ideas. Backed by a management team with more than 100 years of experience within the IP and technology environments, Inventergy identifies, acquires and licenses patented technologies utilizing a business strategy centered on value creation.
The company earlier this month merged with and became a wholly owned subsidiary of eOn, a global provider of innovative communications solutions for more than 20 years. The combined company is operating as Inventergy Global, Inc., headed by Joe Beyers, founder, chairman and CEO of Inventergy.
Beyers formerly worked for 34 years heading up IP licensing for Hewlett-Packard and has had a hand in launching three other IP-centric startups. He has also become a recognizable name in the IP industry, and most recently was selected, along with Inventergy general counsel and Senior Vice President Wayne Sobon, for inclusion in the IAM Strategy 300 - The World's Leading IP Strategists, an industry guide to the leading IP strategists and creators of IP value.
Explaining the importance of the recognition, Joff Wild, editor of IAM, about the IAM Strategy 300, stated in a news release: "World-class IP strategists do not see IP from just one perspective; instead, they take a holistic approach to management and value creation, and focus on how both must be aligned to overall business strategy. The best IP strategists look beyond monetization to understand the range of value creation options available to rights owners. In addition, world-class IP strategists know how to develop solutions based on the circumstances of the situation, create innovative plans and can deliver with great results."
Beyers' leadership and business strategies are paying off in more ways than one. In the first six months of 2014, Inventergy executed two significant patent acquisitions, increasing the company's global patent portfolio to more than 750. Most recently, Inventergy acquired from Nokia 16 patent families comprised of 77 patents and patent applications pertaining to IP Multimedia Subsystems (IMS).
Leveraging an agreement to raise $3 million in additional financing largely from its existing investor base, Inventergy continues to pursue opportunities to expand its operations and drive additional acquisition and licensing programs.
For company management, it's all-hands-on-deck. Inventergy founders represent more than 78% of the company's common and preferred stock and have agreed to numerous selling restrictions, including a no-sell period through July unless the common stock price tops $6 (shares are currently trading $2.97 in a 52-week range of $1.48-$14.98), and to only sell a maximum of 6% per month from July-August if the stock price is above $4.
With a powerful management team, an active patent portfolio and a recent merger designed to accelerate expansion, Inventergy is definitely one to keep an eye on.