Zing is a technology solutions provider specializing in Wifi6, 5G, IoT, and Mission Critical Solutions. Zing is developing a managed subscription service, based on an innovative 5G inline gateway which automatically detects internet outages from fixed line providers and switches critical devices to one of several 5G providers, ensuring their customers’ businesses run 24/7. Zing inherited patents from its founders who are serial technology entrepreneurs. They knew this legacy IP had value independent of Zing’s commercialization efforts and wanted to find a way to unlock and reinvest proceeds into new product development and IP. The founders knew they did not have the expertise and focus needed to unlock the IP’s value. In addition, the company wanted to retain certain rights under the patents.
Zing faced the challenge of developing new products while relying on the legacy patents they intended to sell. They needed a buyer that would help them figure out how to continue utilizing and innovating based on the very IP they were selling. They also wanted a buyer who was able to execute a transaction efficiently and decrease the time to money. Thanks to experienced sell side advisors, Zing was put in touch with VideoLabs because of VideoLabs’ ability to quickly assess patents pertaining to video technology. Furthermore, VideoLabs has a distinct interest in working with startups and for rewarding their innovations via patent transactions.
VideoLabs, with its extensive expertise in video patents and in managing complex patent transactions, has the unique ability to assist companies of all sizes in navigating their business challenges and finding mutually beneficial solutions when seeking to transact patents. Specific challenges in this deal included:
“Zing is an IP centric, 5G IoT disrupter, with IP monetization as an integral element of our story,” said Zing CEO and Co-Founder, Perry Chappell. “VideoLabs was the perfect partner to unlock IP monetization opportunities for Zing, and to listen to our needs regarding technology and product roadmap. This is what partnerships are about, listening, understanding each other’s businesses, and acting to support each other. We have many new innovations, and disruptive products based on them on the immediate horizon.”
Thanks to VideoLabs’ commitment to helping inventors and technology companies to find ways to generate value from their investments in IP, Zing was able to:
