Soryn IP Group claims $140m patent deals in 2017

Patent advisory and litigation finance firm Soryn IP Group, LLC said that through its various affiliates it saw the close of $140 million in patent-centric deals in 2017.

Michael Gulliford, founder and managing principal of Soryn IP Group, said: “Last year, through our litigation finance and advisory affiliates, Soryn financed or brokered patent-centric deals totaling almost $140 million in value for some of the most notable names in technology and intellectual property.

“As part of these efforts, Soryn was also instrumental in putting together one of the most talked about patent deals of the year …

“We expect the momentum to continue in 2018 because the challenges facing innovators reliant on patents remain substantial.

“We founded Soryn IP Group with the mission of assisting the many innovators that the patent system has turned against.

“Our clients and partners, which range from small companies to universities to the Fortune 50, have one thing in common: they are heavily reliant on patents to raise investment, prevent copying and generate revenue, but due to recent changes to the patent laws, these goals have never been harder to achieve.”