FALLS CHURCH, Va. & DALLAS--(BUSINESS WIRE)--Execware, LLC announced today that it has retained IP Navigation Group, LLC to develop and manage a program directed at the monetization of its intellectual property and development of its business.
People in almost any profession use reasoning about what is seen to move, edit and color data, manipulating it until they draw unique conclusions in the context of personal knowledge, experience and skills. The software, simply following instructions, generates no answers. This unique analytic methodology, called contextual data modeling (CDM) in one of Execware’s patents, resembles modeling moist clay or solving a jigsaw puzzle.
"After conceiving the methodology and inventing the technology to actualize it, we are looking forward to the next phase of Execware's growth with IP Navigation Group," stated Execware’s founder Robert Listou. "We have full confidence in IP Navigation Group based on their track record and their approach to monetizing patents. This partnership will also allow Execware to finalize the development and bring to market its proprietary Reason® software."
A retired Air Force Colonel, Mr. Listou served as COO of a management consulting company. That experience, added to his military service as a pilot and engineer, led to his vision of a simple software program that enables a person to rapidly manipulate data to reflect what is in his or her mind. Ultimately, Mr. Listou actualized major elements of his vision in a prototype product, Reason®. IP Navigation Group’s CEO, David Pridham, stated, "We are very impressed with Bob Listou and his inventions and are looking forward to working with Bob and his team on this project. We are already in discussions with a number of companies that are interested in discussing licensing and broader business relationships with Execware."
As announced in June, Execware retained Adapt IP Ventures to market the CDM patents. “In just over one month, we were able to develop a long-term relationship with an industry-leader, IP Navigation Group, to monetize these patents,” stated Adapt IP Ventures’ CEO, Grant Moss. “We are very fortunate to be working with Mr. Listou and look forward to assisting with the licensing efforts and business development initiatives.”
About Execware:
Execware is a software company that has spent the last two decades developing and patenting significant improvements to the field of data analytics. Additional information regarding Execware is available at www.execware.com.
About IP Navigation Group:
IPNav’s expertise is patent monetization. Additional information regarding IPNav is available at www.ipnav.com. You can contact IPNav at info@ipnav.com, by telephone at (214) 438-0800 or through their website.
About Adapt IP Ventures:
Adapt IP Ventures, LLC serves as a patent broker for its clients and develops custom strategies to sell, license or value patents. Visit www.adaptipventures.com for more information or you can contact Adapt IP’s CEO, Grant Moss, at grant@adaptipventures.com.