Alexandria, VA (PRWEB) April 27, 2011
Earlier this year, Digitude Innovations LLC introduced its new and innovative patent monetization model to the consumer electronics market, where the company will acquire, aggregate, and license key technology areas in a patent consortium through strategic partnerships. Today, Digitude announced the completion of its first such strategic partnership with one of the world’s leading consumer electronics companies.
The Digitude consortium model enables sellers to combine their IP assets with other sellers, diversify their IP holdings, and gain access to a critical mass of IP that is necessary for a successful licensing program. This approach reduces risk for Digitude partners while increasing their expected returns.
“Although the details of the transaction are confidential, a strategic partnership of this sort – with a forward-looking market leader – gives Digitude continued momentum and validates the unique Digitude strategy to bundle together a comprehensive license with the acquisition/contribution of assets from partners,” said Robert Kramer, Chairman of Digitude Innovations and Managing Partner of Altitude Capital Partners. “Given the significant nature of this partnership and the other discussions underway, we expect to secure only one or two more such strategic partnerships in the coming months before we aggressively begin our licensing efforts.”
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.
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.
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