(INVT) SeeThruEquity Initiates Coverage on Inventergy Global, Price Target of $1.03

NEW YORK, NY / May 11, 2015 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage of Inventergy Global Inc. (NASDAQ: INVT) with a Price Target of $1.03.

The report is available here: INVT Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

Based in Campbell, CA, Inventergy is an intellectual property (IP) investment and licensing company. Inventergy works with leading technology companies to help them attain greater monetization from their IP assets and let them focus on their core business operations. The IP monetization business has high margin potential for savvy patent owners, and Inventergy has deep expertise in the telecommunications industry, in particular, and is skilled at identifying, acquiring and licensing high quality patents.

“We see a large potential opportunity for Inventergy, and note that the company has amassed what appears to be a very impressive portfolio of over 760 patents in the telecom industry including seminal patents from a number of leading companies including Huawei, Nokia and Panasonic. We are also encouraged by the fact that Inventergy’s leadership team has held advanced technology and IP roles at a veritable Who’s Who of leading global technology companies, including: HP, Rambus, Nokia, Cisco, IBM, Apple, Marvel, Microsoft and Ericsson, among others,” stated Ajay Tandon, CEO of SeeThruEquity. “We are initiating coverage with a 12-month price target of $1.03 per share.”

Additional highlights from the report are as follows:

Massive opportunity in managing and monetizing IP assets

Protecting, defending and monetizing value from intellectual property is a critical component of operating in the global economy in the 21st century. Indeed, according to data from Ocean Tomo, 80% of the value of most companies is intellectual property, versus just 20% in 1975. This is especially true for companies operating in the technology and telecom industries, where change takes place rapidly and companies’ profit models are directly linked to their ability to generate revenue from their employees’ innovations either through product sales, services, or through the licensing of technology. At the same time, extracting value from IP assets has become an increasingly complex and time-consuming endeavor, and many companies lack the resources and/or capabilities to monetize the vast amount of their intellectual property used by other companies. Indeed, Gartner Research estimates that US firms annually waste “$1 trillion in underused IP assets by failing to extract full value.”

Compelling IP portfolio from Nokia, Huawei and Panasonic

Taken together, Inventergy spent approximately $10mn over two years to acquire its patent portfolio. The company amassed what appears to be an impressive collection of 760 patents from leading global technology players Huawei, Nokia, and Panasonic, which cover the use of fixed and mobile communications using Internet Protocol Multimedia Core Network Subsystems (IMS), enterprise Voice-over-Internet Protocol (VoIP), and 3G and 4G mobile broadband technology. We see the patent portfolio as well-conceived and believe there are significant synergies among the IP assets. Inventergy has identified 100 potential licensees for its three patent portfolios, and has disclosed that it is in various stages of discussion with 20 of these companies. The company completed its first licensing deal in February – a five year, $2mn deal with a mid-tier communications company, and is in litigation with telecom equipment suppliers Genband and Sonus Networks. Inventergy also announced a new mobile device licensing initiative that the company believes is applicable to over 1Bn new mobile handsets expected to be shipped this year, leveraging seminal patents acquired from Panasonic.

Strong management team experienced in creating value from IP

Led by its CEO Joe Beyers, Inventergy has an impressive senior management team and Board of Directors that has created over $10Bn in value from IP licensing transactions. The company’s management team and Board draw on experience from an impressive list of IP and technology companies, including Hewlett Packard (HP), Rambus, Nokia, Cisco, IBM, Marvel, Microsoft and Ericsson, among others. A seasoned technologist and inventor, Beyers had over 30 years of experience working at HP before becoming CEO of Inventergy. Beyers led strategy and planning at HP, where he also started seven software businesses, led HP’s $600mn / year internet business, and ran patent, standards, technology and brand licensing at the company.

Initiate coverage with a price target of $1.03

Our analysis indicates a fair value estimate of $1.03 per share, implying an upside of 238.7% from the recent price of $0.31. We view Inventergy as an intriguing speculative investment opportunity in the technology industry.

Please review important disclosures on our website at www.seethruequity.com.

About Inventergy Global Inc.

Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy Global, visit http://www.inventergy.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:
Ajay Tandon
SeeThruEquity
info@seethruequity.com