Inventergy Global Poised for Growth After eOn Merger
One of the hottest and most popular industries over the past couple of years has been intellectual property. While the volatility can be substantial, there is no denying the potential that IP companies possess. While there are many IP companies that one can invest in, Inventergy Inc. appears to be one of the best option after several promising news announcements over the past couple of months.
Inventergy is an intellectual property acquisition and licensing company dedicated to identifying, acquiring, and licensing for fair value the patented technologies of market-significant technology leaders. The company is led by Joe Beyers, who has developed a reputation as being of the most knowledgeable people in the IP industry. Prior to running Inventergy, Beyers was the head of IP and global strategy at Hewlett-Packard (NYSE:HPQ).
In December, Inventergy announced that it would merge into a wholly owned subsidiary of eOn Communications Corp. (NASDAQ:EONC). After completion of the merger, the company will be renamed Inventergy Global Inc., with Inventergy stockholders having control of the company. This is merger has substantial advantages for everyone, and it appears that the market has taken kindly to the news.
Since the merger announcement on December 18, shares of eOn Communications have soared by more than 310 percent, as shown in the chart below.