Under Pressure from Another Debt Financing Deal, Inventergy Ends 2018 with a Burst of New Litigation

  • December 27, 2018
  • Category: Patent Market, Patent Watch
    Market Sector: E-Commerce and Software

In January 2018, shortly after securing $2.4M in debt financing from a hedge fund, Inventergy Global, Inc. (through affiliate Inventergy LBS LLC) opened up a new campaign, targeting GPS tracking devices. Perhaps feeling the pressure of the steep repayment demands of its deal with TCA’s Global Credit Master Fund, Inventergy recently escalated its litigation efforts, filing seven new cases in the past six weeks. Each of the new cases asserts at least one of three related patents generally concerning communication with a tracking device; the patents were developed by GTX Corp, a self-described “pioneer in the GPS wearable tech industry”.

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