EverEdge are The Patent Valuation Specialists™
According to Forrester Research, “U.S. firms annually waste $1 trillion in underused intellectual property assets by failing to extract the full value of that property through partnerships.”
This is based on a market of around 3 million patents in force in the US.
Extrapolate that figure out globally – where the World Intellectual Property Organization estimated that there were around 13.7 million patents in-force in 2017 – and the missed opportunity cost for companies (and economies) not leveraging their patents is almost incalculable.
When it comes to extracting value from intangible asset hard rights – like patents, trademarks, and design rights – many of the issues come down to companies not understanding when these are required, how to accurately value these assets, how patents can be leveraged to maximize value, and how to defend these assets if they are infringed.
EverEdge are specialists in patent and trademark strategy, risk mitigation, rationalization, and valuation. We don’t file patents or trademarks which means our advice is independent.
Types of Intangible Assets
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Case Study: Nortel - Understanding Where Value Lies
A stark example of the impact that unrecognised value can have can be seen in the Nortel bankruptcy filing in 2009. In this instance, Nortel filed for bankruptcy and its various business units and tangible assets were sold for $3.2 billion.
The last assets to be sold were the company’s 6000 patents, which in a quirk of accounting were recorded on Nortel’s balance sheet at what they cost Nortel – $31 million. While the most ‘frothy’ market estimate of their value was $1 billion, most analyst estimates were far south of this.
These assets were eventually sold for $4.5 billion – 145X the value recorded on the balance sheet – and the patents ultimately were worth more than the value of the entire rest of the company.
A great result for the company’s creditors, but you have to ask whether Nortel would have entered bankruptcy at all if its directors and management team had spent more time actively managing their portfolio of patents and trademarks?
EverEdge are The Patent Valuation Specialists™
How intangible assets help drive higher valuations
Under accounting rules, patents are typically listed at their filing cost them or the cost for which they were acquired. The problem is, in the case of patents in particular, there is virtually no correlation between the cost of a patent and its value.
A patent can turn on a single word (or court decision) and hence you can spend a small (or large) fortune filing for a patent, with its ‘cost’ bearing absolutely no relation to the patent’s actual value.
This is not to say it is impossible to value patents, just that cost-based methods are effectively irrelevant.
EverEdge are The Intangible Asset and Patent Valuation Specialists™.
Our valuations have been accepted by the NYSE, NASDAQ, SGX, ASX, NZX, CATALIST & more; and meet International Valuation Standards Council (IVSC) guidelines.
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I approached EverEdge to do a high level valuation on the RAILBLAZA business to clearly outline the value of intangible assets. After receiving the valuation and working closely with Craig Margolius and his team, I was so impressed that I approached Paul Adams to see if EverEdge could handle the sale of the company.
Again during the sale process I was working closely with Craig and the team. Selling a business is always a tough time and I found the EverEdge team extremely professional during the whole process. Nothing was a problem for them and for me this made it a much easier process. They guided me and my team through the whole process and we achieved an excellent outcome.
I would thoroughly recommend EverEdge to anyone wanting to sell a business that has hidden intangible assets to ensure they get the best outcome for their sale.
Ross Pratt, CEO
RAILBLAZA LTD & NTD PLASTICS LTD
We engaged EverEdge to provide us with a specialist valuation that reflected the true value of our business and the intangible assets we had developed through many years of R&D.
EverEdge’s valuation will be a critical tool as we look to grow our business and seek further investment.
Mark Roe - CEO
I strongly recommend EverEdge to any company involved in M&A or capital transactions that call for valuation or assessment of intangible assets.
Their advice was insightful, professional and decisive.
Grant Webster - CEO
Tourism Holdings Ltd (NZX: THL)
We engaged EverEdge to assist us in developing an intangible asset strategy that would complement our existing operations and business plan… EverEdge delivered a framework, tools and invaluable advice that will no doubt have a material change on our valuation when we seek to exit the business.
Tim Fussell - Founder and CEO
EverEdge helped us identify how we could strengthen our intangible asset position to unlock value and drive revenue from our assets.
We are now working on a clear intangible asset strategy to continue building our business.
Nikhil Joshi - COO
…We needed to understand what constitutes Intellectual Property and Intangible Assets and develop a clear strategy to be able to protect these in the future… we gained valuable insights into areas that needed to be looked at within our overall Business Strategy
Nikki Tse - Co-founder & Director
We recently completed the ‘Foundation – Intangible Asset Strategy’ program.
There is no question that if you are wanting to understand the true value of your business, then recognising what your intangible assets are and how to protect them, is critical.
The final report we received is of high quality and has given us a clear roadmap to follow.
Chris Baird - CEO
We engaged EverEdge to help us unlock value and mitigate risk around our intangible assets.
EverEdge conducted an audit of our assets and then helped us to develop an action plan to ensure our intangible assets are driving value, are correctly and cost-effectively managed, and that any risks relating to these assets have been identified and mitigated.
We would highly recommend EverEdge to any company that wants to better utilise and manage their intangible assets.