New York, NY (PRWEB) February 4, 2011
Altitude Capital Partners (“Altitude”), the nation’s leading intellectual property-focused private equity firm, has led an investment in Digitude Innovations LLC (“Digitude”), an Alexandria, Virginia-based consumer electronics licensing company.
Formed in 2010, Digitude is initially capitalized to invest $50 million in the field of consumer electronics through patent acquisition, licensing, and strategic partnerships. Digitude partners with innovators small and large that expend significant resources on research and development and rely upon IP to protect that investment.
“Leading technology companies often have redundant or non-core IP, whether due to mergers, acquisitions or changing corporate priorities, and, at the same time, they have significant gaps in other parts of their portfolio,” said Robert Kramer, a Managing Partner of Altitude Capital Partners and Chairman of Digitude Innovations. “Digitude offers these companies the potential to offset their research and development costs by selling unused or redundant assets while also strengthening their portfolio by obtaining a license to other valuable Digitude IP. This helps companies rebalance their IP portfolios and mitigate risk by reducing future litigation expenses.”
Kramer continued, “Digitude is our largest investment to date. We are excited about Digitude’s business model and think it offers innovators a unique and compelling value proposition. We believe that Digitude will benefit from our investment experience developed over the last five years, including our recent successful investment in Saxon Innovations.”
About Altitude Capital Partners
Altitude Capital Partners LP is a New York-based private equity fund with a distinguished track record for investing in intellectual property assets. Its primary focus is providing capital to all areas of Intellectual Property. Altitude invests in patents, trademarks, copyrights, royalty streams and trade secrets. These investments create working capital for growth, funding for future acquisitions, financing for IP monetization programs and for distributions to intellectual property owners, inventors, corporations and shareholders.
About Digitude Innovations
Digitude Innovations LLC is a Virginia-based consumer electronics licensing company. Initially capitalized to invest $50 million, with a lead investment from Altitude Capital Partners LP, Digitude is focused on the acquisition and licensing of IP and technology in the consumer electronics and adjacent technology fields. It licenses its portfolio to commercial partners in the consumer electronics industry and engages in strategic partnerships with innovators large and small.