SOURCE: Inventergy Inc.

December 18, 2013 09:19 ET

Inventergy Inc. Enters Into Merger Agreement With eOn Communications

CUPERTINO, CA--(Marketwired - Dec 18, 2013) - Inventergy Inc. and eOn Communications Corporation (NASDAQ: EONC) have announced today that they have entered into a merger agreement whereby Inventergy will merge into a wholly-owned subsidiary of eOn. Upon satisfaction of all of the conditions to completing the merger, eOn Communications will be renamed Inventergy Global, Inc. Upon completion of the merger, Inventergy stockholders will receive shares of eOn stock, such that the Inventergy stockholders in the aggregate will control eOn after the merger.

Inventergy is an intellectual property (IP) acquisition and licensing company dedicated to identifying, acquiring and licensing for fair value the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, former head of IP and global strategy at Hewlett-Packard, the company leverages decades of experience, market and technology expertise, and industry connections to assist Fortune 500 companies leverage the value of their world-changing innovations to achieve greater returns. Inventergy aspires to enable a new world of IP value creation built upon a more transparent, above-board and ethical business platform. The Company currently owns a portfolio of over 160 patents from a Global Fortune 500 and Gartner-recognized technology leader in the telecommunications industry. 

Headquartered in Cupertino, CA, Inventergy's management team includes: Chairman and Chief Executive Officer Mr. Joe Beyers, SVP & General Counsel Mr. Wayne Sobon, and SVP of IP Acquisitions & Licensing, Mr. Jon Rortveit.

"The proposed merger transaction represents a significant milestone for Inventergy. It provides a public vehicle to leverage our holistic approach and flexible IP value-creation model," stated Joe Beyers, Chairman and CEO of Inventergy. "We believe our becoming publicly listed will better position us to meet the needs of companies that have a significant portion of their value hidden within their IP."

Mr. Beyers continued, "Inventergy aspires to enable a new world of IP value creation, built upon a more transparent, above-board and ethical business platform. Our strategic licensing model allows for a mutually beneficial relationship with our world renowned clients. With the merger now arranged, management intends shift its focus towards expanding our patent portfolio, securing licensing revenues, and enhancing shareholder value."

Completion of the merger is subject to a number of conditions, including eOn stockholder approval. Additional information regarding the merger transaction and sale of preferred stock is set forth in eOn's Current Report on Form 8-K dated December 18, 2013, which is being filed with the Securities and Exchange Commission.

About Inventergy Inc.
Inventergy Inc. is an intellectual property acquisition and licensing company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, former head of IP and global strategy at Hewlett-Packard, the company leverages decades of experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. Inventergy aspires to enable a new world of IP value creation built upon a more transparent, above-board and ethical business platform. Inventergy's current portfolio contains over 160 patent assets (including patents related to industry standards), from a Global Fortune 500 and Gartner-recognized technology leader in the telecommunications industry. For more information about Inventergy, visit the website at www.inventergy.com.

Forward-Looking Statements
This press release contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. These statements may be identified by the use of words like "anticipate", "believe", "estimate", "expect", "intend", "may", "plan", "will", "should", "seek" and similar expressions and include any projections or estimates set forth herein. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, that actual results may differ materially from those projected in the forward-looking statements.

Contact Information

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