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This opportunity includes the right to purchase intellectual property, which has been used for a variety of modeling and simulation studies using Knowledge Based Expert Systems (KBES). The tools are born out of artificial intelligence work for risk identification and mitigation in large complex situations. KBES serves as the technology of choice in the identification and mitigation of complex risk providing interventions for strategic action and optimized outcomes.
The business internally developed the Intellectual Property (IP) and unique processes used to generate over $2.3M in revenue for the owner. The development time invested is over 14 man years and the company owns all the rights. The projects and clients have included medical groups such as hospitals, universities, and healthcare providers, senior government agencies (i.e. DOD, DARPA, NAVY), and large commercial groups.
After the last several years of devoting time and resources to developments and improvements, the owner is in the process of pursuing additional contracts with several governmental agencies. Owner is selling for retirement reasons and is willing to structure an arrangement to assist buyer with transition of any ongoing or future contracts. Technical support will be provided for project development and management as needed to help generate revenue for the new owner while implementing the tools and processes to solve real world problems using KBES.
This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.
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