Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJuridica Investments Regulatory News (JIL)

  • There is currently no data for JIL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

US$2m strategic stake acquisition in ipCreate Inc.

17 Sep 2013 07:00

RNS Number : 1613O
Juridica Investments Limited
17 September 2013
 



Juridica Investments Limited

 

('Juridica' or the 'Company')

 

 

Juridica acquires US$2 million strategic stake in ipCreate, Inc.

 

Partnership enables innovative approach to patent and Intellectual Property monetisation; enhances Patent portfolio and selection process for new opportunities

 

 

Juridica Investments Limited, a leading provider of strategic capital for corporate legal claims to both businesses and the legal markets, has formed a strategic partnership with ipCreate, Inc. ("ipCreate") a leading intellectual property creation, acquisition and development company. As part of the agreement the Company has supported ipCreate's US$7.5 million fundraising by acquiring one million Series B Convertible Preferred shares in ipCreate for a total consideration of US$2 million.

 

The power of ipCreate's business model lays in its ability to provide patent holders with a diverse spectrum of monetisation options. ipCreate can increase the value of their clients' portfolios by developing and acquiring strategically complementary patents. ipCreate will also generate new intellectual property ("IP"), acquire and further enhance foundational IP into focused portfolios for sale, license, litigation or spin-off. In addition, ipCreate identifies, acquires and develops IP to serve the needs of large corporations, working with ipCapital Group, an affiliate of ipCreate. Like Juridica, ipCreate's clients are Fortune 500 companies and the advisory businesses that serve them.

 

The benefits to the Company, beyond the potential financial returns on its investment, will be access to ipCreate and the ipCapital group of companies and their market leading tools for enhancing the Company's current and future patent and IP investments. These benefits include:

§ Improved valuation methodologies of current investments beyond legal arguments, adding market knowledge, technology business value and relationships with potential buyers, licenses and defendants;

§ Enhancement of the Company's investment selection process by adding a business and technology context to the existing legal context; and

§ ipCreate and the ipCapital group of companies can provide additional pipelines of patent holders and law firms interested in accessing capital for corporate legal claims

 

ipCreate is led by John Cronin, Chairman, President and Chief Executive Officer. Mr. Cronin is also the Managing Director and Chairman of ipCapital Group, Inc. ("ipCG"), an intellectual property consulting firm he founded in 1998. ipCreate's team includes some of the world's most experienced IP professionals, scientists, engineers, lawyers and corporate finance personnel. Its General Counsel, Martha Ries, has 25 years' experience, most recently at Boeing where she was responsible for IP management. In addition, the company's board includes Marshall Phelps, Jr., a recognised expert in the field of IP management and monetisation, who previously managed Microsoft's IP portfolio. More information on Mr. Cronin, Ms. Ries and Mr Phelps can be found in the notes to this announcement.

 

Commenting on the investment, Lord Dan Brennan, Chairman of the Board of Juridica Investments Limited, said: "This investment by JIL marks a new and constructive approach in the IP sector which should make for innovative and beneficial results. This partnership with ipCreate is a strong adjunct to JIL's core business model and aligns well with the future of IP where the de novo creation of strategically valuable patents can transform purely legal processes into profitable business discussions. "

 

Also commenting on the investment, Richard Fields, Chief Executive Officer of Juridica Capital Management Limited, said: "Given Juridica's focus in monetizing litigation-related assets for major companies, IP acquisition and the associated creation and licensing opportunities surrounding patents present important investment opportunities for Juridica which complement the Company's existing business model. The strategic stake in ipCreate will expand our relationships with Fortune 500 companies that want to monetize patent portfolios and enhance our ability to deploy capital into the IP market. We also believe this relationship with the deep team of talented IP professionals at ipCreate will enhance our ability to realise those investments in a shorter time-span with increased returns."

Commenting on the strategic investment and partnership with Juridica, John Cronin, Chairman and Chief Executive Officer of ipCreate, said: "We are excited to have found such a strong strategic partner and investor in Juridica. By forming this partnership we have created a truly complete IP offering that can benefit the whole IP community, from inventors to Fortune 500 companies. For the portfolios we work on we can bring an understanding of the complete spectrum of opportunities beyond litigation. This is a truly unique partnership which positions Juridica at the forefront of the intellectual property industry."

 

- Ends -

 

This document contains forward looking statements, which are based on Juridica Capital Management Limited's (JCML) current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially. Each forward looking statement speaks only as of the date of this announcement. Except as required by the AIM Rules, the London Stock Exchange or otherwise by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained herein to reflect any change in the Company's or JCML's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

 

For further information contact:

 

Juridica Capital Management Limited

Richard W. Fields

 

+1 (866) 443 1080

 

Cenkos Securities PLC

(Nominated Adviser and Broker)

Nicholas Wells

Camilla Hume

 

+44 (0) 20 7397 8900

Investec Bank PLC

(Joint Broker)

Tim Mitchell

 

+44 (0)20 7597 4000

Peel Hunt LLP

(Joint Broker)

Guy Wiehahn

 

+44 (0)20 7418 8900

 

Bell Pottinger - Pelham

Olly Scott

+44 (0) 20 7861 3232

 

About Juridica Investments Limited

 

Juridica Investments is a leading provider of strategic capital to the business community and the legal markets for corporate claims. It invests directly and indirectly in a diversified portfolio of corporate claims in litigation and arbitration. Juridica is one of the premier sources of value-added and direct financing for large business claims in the United States and one of the leading sources in the United Kingdom.

 

Our clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. The Company only accepts cases that have already been carefully vetted and undertaken by leading lawyers.

 

Juridica works to make the legal system work better for business claims. It does not invest in speculative claims or claims that do not demonstrate economic value and clear merits. Juridica invests only in business claims, and does not invest in class actions, personal injury, product liability, or mass tort claims.

 

Our goal is to provide business clients with financial choices that reduce risk and assist in maximising claim value.

 

Juridica was established on 21 December 2007 as a limited liability, closed-ended investment company registered in Guernsey. It has over US$200 million of assets under management. It was the pioneer in alternative litigation financing and the first closed-end fund of its kind ever listed on AIM, a market operated by the London Stock Exchange (AIM: JIL.L).

 

The Company has appointed Juridica Capital Management Limited as its exclusive investment manager to locate, evaluate and manage direct and indirect investments in cases, claims and disputes.

 

http://www.juridicainvestments.com

 

 

About the ipCreate team

 

John Cronin, Chairman, President and Chief Executive Officer

 

Prior to forming ipCG, Mr. Cronin spent over 17 years at IBM and became its top inventor with over 100 patents and 150 patent publications. He created and ran the IBM Patent Factory, which enabled IBM to hold more US patents than any other US company; and contributed to the start-up and success of IBM's licensing programme. Mr. Cronin and his team helped facilitate one of the largest increases in patent growth in US corporate history. The IBM Patent Factory added on average 800 original patents annually to IBM's portfolio and helped to increase IBM's annual IP licensing income from US$20 million to over US$1 billion.

 

Mr. Cronin has worked with over 700 companies and more than 10% of the Fortune 500. Over the years he has become a respected thought leader among executives who wish to align business issues with IP to create actionable financial results. Through his career Mr. Cronin has inspired and trained thousands of engineers and scientists in the best practices of how to invent.

 

Martha Ries, General Counsel and Chief Compliance Officer

 

Ms. Ries has over 25 years of legal and compliance experience in federal and state government, law firm and corporate settings. Prior to joining ipCreate, she held a number of management positions at The Boeing Company, most recently from 2007 to 2012 as Vice President of Intellectual Property Management, managing an organisation of over 140 IP professionals. From 2004 to 2007 she served as Vice President of Ethics and Business Conduct; and from 1997 to 2004 as divisional Chief Counsel and Corporate Counsel.

 

During her tenure as Boeing's enterprise IP functional leader, Ms. Ries managed the creation and maintenance of Boeing's global patent portfolio (which was recognised as the best in US aerospace and defence during her tenure) and instituted greater IP process discipline, training, compliance and enforcement to protect Boeing's IP.

 

From 1990 to 1997, Ms. Ries was a partner and associate at the law firm of Bogle & Gates and from 1987 to 1990 she was a trial attorney for the US Department of Justice.

 

Marshall Phelps, Jr. Non-executive Director

 

Mr. Phelps spent many years at Microsoft and was responsible for worldwide management of the company's intellectual property portfolio, patent prosecution, licensing, standards and business development. He facilitated Microsoft's emergence as one of the world's largest IP companies with over 60,000 patents and applications, extensive copyright holdings and numerous trademarks. Mr. Phelps joined Microsoft following a 28 year career at IBM Corp., where he served as Vice President in the 1990s and was responsible for overseeing standards, telecommunications policy, industry relations, licensing, intellectual property law and management of a worldwide intellectual property portfolio of more than 35,000 patents and 8,500 trademarks.

 

By pursuing license agreements for these and other IP rights, such as trade secrets and copyrights, he transformed a function that traditionally produced costly overhead into a US$2 billion annual profit centre. He is a recognised expert on the management and monetisation of intellectual and intangible assets, entrepreneurship and innovation.

 

In 2006 he was elected to the initial class of the Intellectual Property Hall of Fame.

 

 

About ipCapital Group, Inc.

 

Under Mr. Cronin's leadership, ipCG operates the world's largest IP strategy consulting team. The company has created its unique ipCapital System® Methodology for consulting, capitalising on Mr. Cronin's lifelong study of creative and inventive thinking processes, business strategy development and transaction negotiations. ipCG has also developed a world class licensing and transaction process. The ipCapital System Methodology provides for extraction and documentation of inventions, identifies opportunity and risk, drives transactions to completion and creates significant market value from IP.

 

http://www.ipcg.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQGUGDCBSBBGXR
Date   Source Headline
20th Dec 201812:04 pmRNSResult of General Meeting and Cancellation
20th Dec 20187:30 amRNSSuspension - Juridica Investments Limited
20th Dec 20187:00 amRNSSuspension of Shares
17th Dec 20185:30 pmRNSJuridica Investments
14th Dec 201811:05 amRNSSecond Price Monitoring Extn
14th Dec 201811:00 amRNSPrice Monitoring Extension
12th Dec 20184:35 pmRNSPrice Monitoring Extension
11th Dec 20182:05 pmRNSSecond Price Monitoring Extn
11th Dec 20182:00 pmRNSPrice Monitoring Extension
28th Nov 20182:41 pmRNSPosting of Circular
28th Nov 201810:23 amRNSDividend Declaration
22nd Nov 20182:06 pmRNSSecond Price Monitoring Extn
22nd Nov 20182:00 pmRNSPrice Monitoring Extension
22nd Nov 20187:00 amRNSWinding up, Delisting & Notice of General Meeting
7th Sep 20184:40 pmRNSSecond Price Monitoring Extn
7th Sep 20184:35 pmRNSPrice Monitoring Extension
6th Sep 20186:00 pmRNSResults for the six months ended 30 June 2018
28th Jun 201810:03 amRNSAnnual Financial Report
13th Jun 201810:00 amRNSResult of AGM
4th Apr 201811:30 amRNSFinal Results
10th Jan 20185:00 pmRNSCompany Update
22nd Aug 20177:00 amRNSResults for the six months ended 30 June 2017
20th Jun 201712:18 pmRNSAnnual Financial Report
4th May 20175:31 pmRNSResult of Annual General Meeting
3rd Apr 20177:00 amRNSFinal Results
18th Jan 20177:00 amRNSInvestment Manager ownership change
16th Dec 20163:44 pmRNSTotal Voting Rights
22nd Sep 201610:00 amRNSHolding(s) in Company
21st Sep 20163:55 pmRNSHolding(s) in Company
13th Sep 20163:11 pmRNSHolding(s) in Company
7th Sep 20163:54 pmRNSDividend Payment Date
6th Sep 20164:15 pmRNSHalf-year Report
1st Aug 20165:17 pmRNSHolding(s) in Company
28th Jul 20165:33 pmRNSHolding(s) in Company
19th Jul 20163:08 pmRNSHolding(s) in Company
19th Jul 201612:43 pmRNSHolding(s) in Company
6th Jul 20169:06 amRNSHolding(s) in Company
19th May 20167:00 amRNSDividend Declaration
10th May 20166:07 pmRNSResult of AGM
11th Apr 20161:15 pmRNSNotice of AGM
11th Apr 201610:30 amRNSPortfolio update
31st Mar 20169:42 amRNSFinal Results
8th Feb 20167:00 amRNSStatement re: Company costs
4th Dec 20153:48 pmRNSHolding(s) in Company
19th Nov 20159:55 amRNSReplacement: Holdings in Company
19th Nov 20157:00 amRNSHolding(s) in Company
18th Nov 20157:00 amRNSCorporate update
17th Nov 20153:28 pmRNSHolding(s) in Company
16th Nov 20157:00 amRNSPortfolio Update
2nd Oct 201512:52 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.