Metis Partners was appointed by Leonard Curtis to sell the IP assets of Secure Electrans.
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.