I have chosen CONSOR as this week’s IP Market Player of the Week because CONSOR was chosen this week by Washington Mutual to value WaMu’s intellectual property for bankruptcy purposes. Besides IP valuation services, CONSOR provides IP litigation support by way of expert testimony, as well as services pertaining to licensing and other transactions, including M&A and restructuring events.
When it comes to picking apart a mess of a company like WaMu at the Chapter 11 stage and trying to put a value on the intangible assets stuck in that process, CONSOR states the following about value and value creation on their website:
Once the assets are identified, properly categorized and ownership rights are determined, the value creation process commences. With intellectual property, multiple contexts of value can exist. Initially, the “as is/where is” value sets the floor value for the assets. However, and more importantly, the value creation proposition is what differentiates intellectual property from the debtors’ tangible asset counterparts. In other words, intellectual property presents the ability to leverage the assets into new opportunities. Whether via strategic licensing, joint venture, sale or other monetization scenario, intellectual property contains hidden value that, when properly exploited, can generate substantial returns for the debtor.
. . . and they are spot on. The IP-savvy company is based out of La Jolla, CA, a gorgeous beach-side city just north of San Diego.