Posted on Wed, Jun 16, 2010
HATBORO, PA - June 15, 2010 - InfoLogix, Inc. (NASDAQ: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that as part of the periodic maintenance and review of its intellectual property portfolio, the Company has agreed for Intellectual Ventures Fund 68 LLC to acquire InfoLogix's U.S. and South Korean patents on Touch Screen Systems and Methods, for $2.2 million.
On June 8, 2010, InfoLogix entered into a patent purchase agreement to sell its U.S. patent entitled "Touch Screen Systems and Methods" and its corresponding South Korean patent to Intellectual Ventures Fund 68 LLC, a Nevada limited liability company, for $2.2 million. The Company expects the sale of the patents and assignment of related rights to close within the next 30 days, subject to the terms and conditions of the patent purchase agreement. Upon closing, the Company will be granted certain rights related to the patents and a license to continue to make, use and develop products covered by the patents.
Over the past decade, InfoLogix has cultivated a portfolio of intellectual property that includes 19 patents related to mobility, RFID, wearable computing and the healthcare supply chain. The Company routinely examines new patents for acquisition and reviews the patents and patent applications within its portfolio for their long-term strategic value to the company. As part of this process, the Company determined that it was in its best interests to sell the Touch Screen Systems and Methods patents to Intellectual Ventures Fund 68 LLC.
"In reviewing our portfolio, it became evident that these patents, although not related to our day-to-day business, had potential value and grown significantly from an technological point of view in the open market from when we first acquired them," said David Gulian, President and CEO of InfoLogix. "With the help of our partner The Sage Group, we investigated the various opportunities to maximize their value, such as the pursuit of a licensing or enforcement strategy. We determined that the most effective means for InfoLogix to monetize the Touch Screen Systems and Methods patents was to sell them to Intellectual Ventures Fund 68 LLC. We are attempting to monetize other patents in our portfolio through licensing programs."
"We are proud that The Sage Group IP Path to Value™ facilitated InfoLogix in monetizing these patents and that our relationship continues to bring InfoLogix success in determining effective and cost efficient ways to achieve the maximum value from its IP portfolio. The expertise and follow-through of Intellectual Ventures has been instrumental in making this transaction occur in a timely manner," said Tom Miller, Partner at The Sage Group and a board member of InfoLogix.
About InfoLogix, Inc.
InfoLogix is a leading provider of enterprise mobility solutions for the healthcare and commercial industries. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare Health System and Stanford School of Medicine. InfoLogix is a publicly-traded company (NASDAQ: IFLG).
About The Sage Group
The Sage Group, of Bellevue, Washington assists businesses to identify and unlock strategic value reflected within the company's organization, programs, products and intellectual capital. Sage's Path to Value™ methodology focuses on working closely with a client's internal resources and the company's market ecosystem creating a path to achieve optimized value for their business. This is accomplished by defining, accelerating, and sustaining compelling corporate performance in the areas of intellectual property, financial, market and organization performance. For more information visit www.the-sage-group.com.
Safe Harbor
InfoLogix makes forward-looking statements in this press release which represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including the risks described in Amendment No. 1 to our Annual Report on Form 10-K for the year ended December 31, 2009, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010, and other filings we make with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement is made.
Investor Relations for InfoLogix:
John A. Roberts
Chief Financial Officer
215-604-0691 x1102
Posted on Fri, Feb 19, 2010
The Sage Group announces Intellectual Property Path to Value Seminar Series.
By attending you will be provided with the following:
- Understand how the changing business climate and patent laws are forcing companies to rethink how they manage intellectual property assets.
- Understand the differences between managing a business and managing IP and how to recognize those differences to gain competitive advantage.
- Gain new perspectives as to the importance of strategic thinking in IP management and how to design, develop, and implement strategic IP thinking to impact business strategies.
- Be introduced to business tools useful in selecting and managing IP for strategic positioning and corporate value.
- Learn about the IP Path To Value℠ nine stage model and how it can help companies get more out of their IP assets.
This will be a highly interactive event intended to answer your most basic, as well as challenging questions around your intellectual property issues and opportunities.
Follow this link to
learn more or to register for the event.
Posted on Fri, Nov 20, 2009
The Sage Group℠ to release the IP Path to Value℠
For Immediate Release
Ron Worman
The Sage Group℠
Skyline Tower
10900 NE 4th Street , Suite 2300
Bellevue, WA 98004
Email: info@the-sage-group.com
425.467.4667
The Sage Group℠ to release the IP Path to Value℠
Forms a Strategic Alliance with The Juhasz Law Firm, P.C.
The Sage Group, Bellevue, Washington – November 20, 2009 – The Sage Group the authors of the Path to Value℠ methodology for driving personal, professional and corporate value, announced today a strategic alliance with The Juhasz Law Firm, P.C. for wide release of a Path to Value for intellectual property in January 2010.
“Sage assists companies facing a business inflection point around “value”: how to see “value” more clearly, how to grow “value” more effectively, and how to realize “value” more predictably”, said Ron Worman, Managing Director of The Sage Group. An important part of this value process is for our clients to understand how their company assets line up with the business drivers of the company. We found the traditional patent process does not provide a compelling analytical framework for giving our clients a clear understanding of the value of their patents, which is critically important to being more competitive. The IP Path to Value is designed to fill that gap.”
Using a Heart of the Company℠ assessment, designed by Paul R. Juhasz, as a starting point, The Sage Group and Juhasz have co-developed an IP Path to Value suite of products and services that provides businesses with a nine stage process for strategically identifying, growing, and realizing patent value.
“In addition to the Heart of the Company assessment, clients can realize significant value from the Patent Quality℠ assessment, the Market Opportunity assessment and the Patent Adoption℠ assessment early in the process,” said Tom Miller, the Sage IP Path to Value Practice Leader. “However, Sage clients can enter the IP Path to Value suite of products and services at any stage. The strategic alliance of The Juhasz Law Firm and The Sage Group have perfected solutions in support of these assessments within their respective areas of practice. The analytics behind the assessments will enable this process and thereby give our clients more predictability in their strategic thinking around patents.”
“The Juhasz Law Firm is committed to helping clients of the firm better understand their patents and potential value, how those patents may be protected, and how they may be positioned to realize business objectives,” said Paul R. Juhasz, founder of The Juhasz Law Firm, P.C. “The IP Path to Value suite of products and services is available to clients of the firm as yet another tool to assist them to think more strategically about their patents – not just when it comes to asserting their patents through downstream licensing programs or in litigation, but at every upstream step of the patent process. The IP Path to Value suite of products and services provides clients of the firm with certain strategic patent thinking options that nicely complement the traditional patent lawyering services that are provided by The Juhasz Law Firm.”
The IP Path to Value suite of products and services is currently being selectively offered to qualified clients but is scheduled for wide release in January, 2010.
About The Juhasz Law Firm, P.C.:
The Juhasz Law Firm, P.C., is a patent law firm located in Houston, Texas founded by Paul R. Juhasz, a patent attorney who has been practicing patent counseling, protection, licensing, and litigation for over 25 years with prominent law firms such as the former Pennie & Edmonds law firm in New York, NY and Williams, Morgan & Amerson in Houston, TX, where he was a shareholder partner, and as in- house counsel for certain major companies such as Nokia, Symbol, and W.R. Grace. Contact Paul R. Juhasz.@ 281-741-0633. www.patenthorizon.com.
About The Sage Group℠:
Fundamentally, The Sage Group is about “value”. Sage assists business owners and leadership teams facing a business inflection point around “value”: how to see “value” more clearly, how to grow “value” more effectively, and how to realize “value” more predictably. Sage works closely with client’s internal resources and the company’s market ecosystem creating a path to achieve optimized value for their business by defining, accelerating, and sustaining compelling personal, professional, and corporate performance. Contact Ron Worman @425.467.4667. More information can be found at www.the-sage-group.com or www.pathtovalue.com or by sending an email to info@the-sage-group.com
Press Release 11-20-2009 – IP Path to Value Strategic Alliance Announcement pdf
Posted on Mon, Sep 14, 2009
The Sage Group℠ announces Emerging Business Practice
Ron Worman
The Sage Group℠
Skyline Tower
10900 NE 4th Street , Suite 2300
Bellevue, WA 98004
Email: info@the-sage-group.com
The Sage Group℠ announces Emerging Business Practice
Todd Ostrander, Entrepreneur, Mobility Market Maker, named Practice Leader
The Sage Group – Bellevue, Washington – September 14, 2009 – The Sage Group℠ the authors of the Path to Value℠ methodology for driving personal, professional and corporate value, announced today an Emerging Business Practice and named an experienced entrepreneur to lead it.
“Sage assists companies facing a business inflection point around “value”: how to see “value” more clearly, how to grow “value” more effectively, and how to realize “value” more predictably”, said Ron Worman, Managing Director of The Sage Group. ”There is a serious shortage of seasoned professionals who can navigate from an idea to a strategy to earning the right to investor capital. Todd is one of those people.”
“From experience I know how difficult it is to execute a value strategy”, said Ostrander. “Many of us do the research and from experience can intuit a value proposition, but I believe Sage’s Path to Value creates a more predictable outcome for investors and owners.”
Ostrander has successfully raised over $65 million in Angel and Venture financing while building successful teams poised to ensure investor value. He is passionate about building company cultures required to ensure success.
With specific expertise in enterprise software, Software as a Service (SaaS), mobility and early stage capitalization, Ostrander has been on the leading edge of the new digital economy. Prior to joining Sage, he was the founding CEO of Perlego Systems, taking it from its creation, team recruitment, business strategy, product acquisition and launch, and capitalization. Perlego was the first Software as a Service (SaaS) product in the Mobile Device Management category.
Ostrander spent the first 10 years of his career at The Boeing Company and Egghead Software In 1995 Todd started ELEKOM Corp. where he was Founder and VP of Product and Services. ELEKOM Corp. was the first entrant into the e-Procurement market and was sold to Clarus in 1998 [NASDAQ:CLRS]. After Clarus, Ostrander was successful in raising over $30M for his second startup, EssentialMarkets, a supply-side e-Procurement vendor and one of the first enterprise-focused SaaS companies in the world.
About The Sage Group℠:
Fundamentally, The Sage Group is about “value”. SAGE assists business owners and leadership teams facing a business inflection point around “value”: how to see “value” more clearly, how to grow “value” more effectively, and how to realize “value” more predictably. Sage works closely with client’s internal resources and the company’s market ecosystem creating a path to achieve optimized value for their business by defining, accelerating, and sustaining compelling personal, professional, and corporate performance. Contact Ron Worman @425.467.4667. More information can be found at www.the-sage-group.com or www.pathtovalue.com or by sending an email to info@the-sage-group.com
Posted on Tue, Jan 20, 2009
Auto-ID and Mobility Executive joins The Sage Group℠
For Immediate Release
Ron Worman
The Sage Group℠
Skyline Tower
10900 NE 4th Street , Suite 2300
Bellevue, WA 98004
Email: info@the-sage-group.com
425.467.4667
Auto-ID and Mobility Executive joins The Sage Group℠
Tom Miller to Lead IP Practice and Path to Excellence℠
The Sage Group – Bellevue, Washington – January 20, 2009 – The Sage Group the authors of the Path to Value℠ methodology for driving personal, professional and corporate value, announced today that Tom Miller, a proven thought leader in mobile computing, wireless and RFID market development, will help lead the development of on-ramps to the Path to Value.
“Tom has the unique ability to identify the obstacles that prevent an organization from executing”, said Ron Worman, Managing Director of The Sage Group. “His incisive perspective on market opportunity and the integration of people, process and tools toward a strategic objective makes him an ideal executive to help us create targeted delivery vehicles that lead companies toward their Path to Value.”
“Sage has demonstrated success in creating personal, professional and corporate value for businesses in multiple markets”, said Miller. “As we continue to build out new levels of value offerings for IP Path to Value℠ we have a real opportunity to affect an organization’s value and people’s lives in a compelling way. One of the significant contributors to an organization’s value can be intellectual property. One of my roles within The Sage Group will be leading our efforts to construct a more effective and cost efficient way for companies to leverage their intellectual property to create new levels of strategic value.” The Sage Group and a strategic alliance partner intend to introduce a nine stage intellectual property process known as IP Path to Value later in 2009.
Miller was President of Intermec Technologies from 2004 through 2005 and a corporate officer in its parent company, UNOVA from 2001-2006. From 1982 to 1999, he served in various positions with Norand Corporation including President and Senior Vice President of Sales, Marketing and Operations, helping in the development of Norand’s point-of-sale, wireless and direct store delivery automation businesses and in its 1997 sale to Western Atlas Corporation.
He served as chairman of the Automatic Identification and Mobility Association (AIMA) from 2002 to 2006. Miller serves on the board of directors for Infologix (IFLG) as well as Socket Mobility, Inc. (SCKT) and Entigral, a privately held RFID Asset Management company. From 1996 to 2001, Miller was a member of the board of directors of Eagle Point Software, a NASDAQ listed architecture, civil engineering, and landscaping software company.
About The Sage Group℠:
Fundamentally, The Sage Group is about “value”. Sage assists business owners and leadership teams facing a business inflection point around “value”: how to see “value” more clearly, how to grow “value” more effectively, and how to realize “value” more predictably. Sage works closely with client’s internal resources and the company’s market ecosystem creating a path to achieve optimized value for their business by defining, accelerating, and sustaining compelling personal, professional, and corporate performance.