Posted in: Gene Quinn, IP News, IPWatchdog.com Articles, Patent Business & Deals, Patents
Earlier this month GlobalOptions Group, Inc. (“GlobalOptions”) (OTCBB:GLOI) and Walker Digital Holdings, LLC, a wholly-owned subsidiary of Walker Digital, LLC (“Walker Digital”), announced that they completed the previously announced merger of the two companies. The newly formed entity consists of the patent portfolio created by Walker Digital, the research and development lab led by renowned inventor, entrepreneur and Priceline (NASDAQ:PCLN) founder Jay Walker. Walker, who is named on more than 450 issued and pending U.S. and international patents, is one of the most prolific individual living inventors.
The merged company will seek a corporate name change to Patent Properties, Inc. as expeditiously as possible. All of the patents owned by Patent Properties, Inc. were developed internally by Walker Digital, with Jay Walker as a named inventor on all issued patents and the lead inventor on most of the patents in the portfolio. Currently the Company’s patent portfolio includes 377 granted patents and 94 pending patent applications.
Prior to the merger, GlobalOptions Group provided risk mitigation and management services, including forensic DNA analysis, proprietary DNA collection products, and related research services to law enforcement agencies, federal and state governments, crime laboratories and disaster management organizations. Thus, this merger seems in some ways to be a backdoor way for Walker Digital to obtain a ticker symbol for trading purposes.