IP assets of Helexion up for grabs

Source: Metis Partners

The international patent and extensive software portfolio behind one of the best known developers of contactless transaction technology is being brought to the global market by Metis Partners, the award winning commercial intellectual property consulting firm.

The Intellectual Property (IP) assets of Helixion Limited (in Liquidation) (Helixion), the company responsible for the creation of a number of mobile Near Field Communication (NFC) solutions are being offered for sale and significant interest is anticipated from the payment processing, mobile technology and software development sectors. The joint liquidators of the company are Blair Nimmo and Gerald Friar of KPMG and they have appointed Metis Partners to offer the IP assets for sale.

Founded in 2002, Helixion Limited was a leading expert in developing innovative solutions for secure contactless transactions in a mobile environment. The company had focused solely on contactless transactions since 2009 and had over 100 customers, including multinational corporate entities including Encarta Worldwide and Vodafone.

The main brand for Helixion is the ‘lok’ family of products, with lok-MPL being the platform providing fully supported MasterCard and Visa contactless transactions. Also on offer from Metis Partners is the lok-Framework, a testing platform which can be used to analyse the reliability, security, and consistency of any contactless mobile payment ecosystem, as well as the Secure Wallet.

By 2025, Payments UK predicts that 25.45% of all transactions will be contactless. This puts Helixion’s proven products and reputation in commercial context, and places the Company’s technology in prime position.

The company is renowned for its two established and distinct brands - the ‘lok’ ecosystem of products, and the corporate brand, Helixion, which has received positive media attention in a range of business and trade publications. The lok brand is known and used by banks, mobile network operators and other service providers throughout Europe.

Morven Fraser, of Metis Partners, who is co-ordinating the marketing drive, said: “This sale is certain to attract a high degree of interest from those in the software development or mobile device industries.

“Anyone who is looking to expand product portfolios, or diversify their offerings will be very interested in this offering. The company’s reputation and goodwill represent the kind of significant asset that rarely appears on the market.

“A fully developed and market proven systems of products is the centrepiece of this offering, however, with seven registered trade marks, five unregistered trade marks, and a world-wide patent portfolio, we at Metis are confident of securing a successful sale.”

The IP assets for sale include trade secrets, proprietary software - including lok-MPL and the lok-framework, seven registered trademarks, patent applications, organisational knowledge, website content and domain names.

This offering reinforces Metis Partners' expertise and reputation in the software and mobile technology sectors with recent successful sales projects including those of Matchchat, Ekos Global, and Blinkbox.

All offers should be submitted directly to Morven Fraser of Metis Partners by noon on Wednesday 28 June 2017.
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