Pennsylvania State University Sells Large Block of IPv4 Addresses
IPv4.Global and Fraser Consulting Brokered the Deal, Helping Fund the University’s Growth
IPv4.Global, a division of Hilco Streambank, and Fraser Consulting LLC, an affiliate of Fraser Trebilcock, co-brokered the sale of a block of Pennsylvania State University’s IPv4 addresses to a U.S. cloud communication platform. The financial terms of the transaction were not disclosed.
At the inception of the Internet, a significant number of IP addresses were assigned to research and higher education institutions. With a finite number of possible addresses, and the global exhaustion of freely available space, this asset quickly became valuable to entities that require these resources.
Higher education institutions can now take any unused, potentially hidden space, in their possession to bring in dollars for scholarship funds, growth plans or other projects, helping fund the future of the institution and future generations.
IPv4.Global is the leading IPv4 broker worldwide, having successfully monetized hundreds of millions of addresses to date for universities, local governments, and Fortune 500 companies among others. Through both its online auction marketplace and private brokerage, IPv4.Global has completed over 2,400 transactions. IPv4.Global teamed up with Fraser Consulting, whose affiliated law firm, Fraser Trebilcock, has a strong practice in advising universities in their business and transactional matters.
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“This is a great result for all the parties involved. The university will be able to put the sale proceeds to good use towards funding future projects, while the buyer will be able to continue the growth of its business,” said Jack Hazan, Executive Vice President at IPv4.Global. “Joining forces with the Fraser firm also demonstrates how we can bring the appropriate expertise to help universities and other higher education institutions rationalize their assets.”
With a close relationship to buyers and the regional internet registries, IPv4.Global ensures an efficient and timely sales process. Many of the largest IP address buyers have acquired space using IPv4.Global’s services and are confident in the company’s ability to run an efficient and transparent process. Several sale structures are available to suit clients’ needs, including upfront cash payouts for the rights to the addresses with profit sharing optionality, leaseback, and brokered transactions. If an institution is using portions of its IPv4 addresses, IPv4.Global can monetize any of the unused space without disrupting active addresses currently in use.
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