Metis Partners was appointed by Leonard Curtis to value, market and sell the IP assets of Omnifone.
Omnifone was one of the pioneers of digital music services and mobile social networks.
IP Assets Sold
Nine patent families comprised of circa 30 patent filings, granted in key commercial territories including the US, Canada, Europe and China.
- The Company’s patent portfolio protected a variety of inventions including:
A wireless digital media player
- A digital method of automatically generating recommendation for digital media content
- A ‘cloud stick’; a microprocessor-based system to remotely-store digital media content
Highlight of this IP Sale
Omnifone had entered Administration several years before and there were a number of deals with potential buyers of the business that included these IP assets, that had failed to complete. Having been engaged to sell what was now a dormant patent portfolio we decided to pursue a different strategy. We prepared & marketed this as a bundle of IP rights that could be utilized as part of a licensing strategy, which attracted a different group of interested parties. We supported the buyer due diligence through to a successful IP sale completion.