Red Chalk Group Announces Multi-Industry Patent Portfolio Acquisition Opportunity
Chicago-Based Firm Continues Track Record as Industry Leader in Diverse Patent Monetization Market
CHICAGO, Jan. 10, 2017 /PRNewswire/ -- Red Chalk Group, a boutique professional services firm specializing in growth strategies, disruptive technologies and the related intellectual property, announced today the opportunity to purchase a large, diverse patent portfolio, separated into six lots. The portfolio is relevant to a wide range of buyers, both domestic and international, and was acquired through an innovative patent purchase program, IP3, created by AST, the leading provider of proactive patent defense solutions.
At a time when most industries, from telecommunications to automotive to healthcare, are looking to expand their reach and capabilities using technology, the patents included in the portfolio provide viable and useful tools to help drive business growth, competitive advantage and industry innovation. The portfolio is divided into the following lots: cloud & data security, advertising & e-commerce, automotive, mapping & navigation, networking & access management and video streaming.
"AST has been a valued client for more than eight years and we are proud to be a trusted partner to resell the first portfolio of the IP3 series," said Leah Christoforidis, General Counsel and Leader of IP Brokerage & Licensing at Red Chalk Group. "The portfolio includes assets relevant to several technologies, which is one reason it is sure to pique the interest of buyers. We are confident that the market will recognize the value of these patents."
"We are excited about the sale of this portfolio," said Linda Biel, Senior Vice President, Business Development of AST. "At AST, we are always looking for innovative ways to provide transparent and enhanced risk mitigation services that ultimately help the patent markets operate more efficiently, and the sale of this portfolio will help advance this goal. We retained Red Chalk Group for this project because of their track record of successfully monetizing portfolios."
Bids for the portfolio are being accepted immediately and priority will be given to bids on full lots. Pricing will be provided to potential buyers upon request. For more information about Red Chalk Group, please visit www.redchalk.com.
ABOUT RED CHALK GROUP:
Red Chalk Group is a boutique professional services firm specializing in growth strategies, disruptive technologies and the related intellectual property. As an industry leader, Red Chalk Group is a trusted strategic advisor to today's top Fortune 100 companies. Founded in 2006 by former McKinsey consultants, the company helps senior leaders address the many challenges they face by focusing on new growth opportunities, emerging technologies and intellectual property, in a boutique setting. For more information, please visit www.redchalk.com.
ABOUT AST:
AST is the leading provider of proactive patent defense solutions. We offer a highly efficient, cost-effective and proven method of mitigating the risk of patent assertions and litigation by enabling our Members to collectively purchase assets available on the open market. Because we are an independent, not-for-profit cooperative, we provide a trusted and fully transparent way for Members to analyze patent purchase opportunities including triage, evaluation and acquisition services. AST's Members currently include top global companies from a wide-range of industries including, Avaya, Ford, Google, Honda, IBM, Intel, Microsoft, Oracle, Philips and Sony. For more information on AST please visit www.ast.com.
SOURCE Red Chalk Group
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