NEW YORK, March 1, 2017 /PRNewswire/ -- Soryn IP Group, LLC ("Soryn IP Group"), a patent advisory and finance firm, announced today the close of a patent portfolio sale related to smart phone technologies on behalf of a Fortune 100 client. The portfolio was sold to an operating company. Financial terms and the identities of the parties have not been disclosed due to confidentiality restrictions. This deal follows several patent related financings and portfolio sales that Soryn has announced within the past 12 months.
"We are so gratified to announce the close of this transaction, on behalf of such a significant client," emphasized Michael Gulliford, the Founder and a Managing Principal of Soryn IP Group. "First, the sale demonstrates the pedigree of companies that entrust their patent monetization and deal efforts to Soryn. Second, the deal validates the unique, demand driven patent acquisition model underlying Soryn's brokerage business. Under this model, Soryn rarely takes patent portfolios to the open market for sale. Rather, operating companies seeking to acquire patent assets approach Soryn, which in turn sources the appropriate assets from within the vast portfolios of its clients — the most sophisticated technology companies in the world."
"We've spent years building the trusted relationships and network necessary to implement our demand driven acquisition model," notes Gulliford. "We firmly believe it is a model that suits everyone's best interests. Operating companies seeking to acquire patent assets for strategic reasons gain a discreet avenue to source patents from Soryn's clients, the owners of some of the most developed patent portfolios in the world. And our clients skip many of the inefficiencies associated with taking patent portfolios to the open market for sale. Because we start the process with demand, after we've already been approached by a buyer we deem credible, our clients know that a sale is never far off."
For more information about Soryn IP Group, please visit: http://www.sorynipgroup.com
ABOUT SORYN IP GROUP
Soryn IP Group is a patent advisory and litigation finance firm that provides patent advisory, brokerage and financing solutions to clients ranging from start-ups to universities to corporations. The company's headquarters is located in New York City.
Founder & Managing Principal: Soryn IP Group, LLC.
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SOURCE Soryn IP Group, LLC