Today, GlobalOptions Group Inc. and Walker Digital Holdings LLC announced the completion of a previously agreed merger of the two firms. The newly created entity consists of the patent portfolio formed by Walker Digital and Priceline's founder Jay Walker. The company would transact business as Patent Properties Inc. The newly formed firm would change its name to Patent Properties Inc. as soon as possible.
Jay Walker, the Executive Chairman of Patent Properties' Board of Directors said, "For the past 20 years, we have consistently created intellectual property to address some of the most complex customer behavioral issues in various industries, thus unlocking unrealized value for consumers and businesses alike. Today's merger allows us to bring to the public market a broad and still-growing portfolio of wholly-owned inventions, as well as our ongoing efforts to protect and enforce our property rights. In addition, we are now able to accelerate the commercialization of an entirely new, big data business system for patent licensing currently under development. We believe our new licensing platform will address significant inefficiencies in the multi-billion dollar patent licensing market."
The patent portfolio of the company would include 379 patents, 93 pending patent applications, a de-novo patent licensing business, intellectual property in development as well as 19 litigation matters.
Join the Conversation