Engagement
Metis Partners was appointed by Leonard Curtis to sell the IP assets of Secure Electrans.
Company
Secure Electrans was an innovative payment technology company that developed smart metering tech, attracting over $17m investment. The technology was underpinned by a substantial patent portfolio, previously valued by PwC at approximately £1bn. The patented technology protected ‘industry-first’ solutions for secure smart meter payments, advanced smart meter supplier switching and secure remote payment technologies including geo-location.
IP Assets Sold
- International patent portfolio, including US granted patents
- Goodwill rights in the Secure Electrans corporate brand
- International Trade mark portfolio protecting the HomePay and Greengage product brands
- Branded website content & domains
Highlight of this IP Sale
Metis Partners conducted a global marketing exercise which brought genuine interest from over 30 interested parties operating in this sector. This generated a need for significant due diligence support as qualified buyers wanted to know details about this patented tech. This IP sale was completed in a highly accelerated timescale and facilitated a relaunch. The Secure Electrans brand and HomePay product are still operating today.
