Iotic Labs Limited
Hilco is seeking offers to acquire the intellectual property and tangible assets of Iotic Labs Limited (“IOTIC” or the “Company”) on behalf of the Proposed Liquidator of the Company, Steven Wright of William Duncan (Business Recovery) Ltd t/a Dains.
February 6 2025, 4pm GMT
Founded in 2014, London-based IOTIC developed a novel platform (the “Platform”) to help organisations securely share and connect data across systems and teams. At its core is the Company’s proprietary “Digital Twin” technology, which creates virtual versions of real-world assets such as machines, systems, or data sets, which make data easier to manage, share, and use, while ensuring it remains secure and under the owner’s control.
The IOTIC Platform enables organisations to address complex challenges by seamlessly integrating data from different sources, transforming isolated data silos into interconnected networks, empowering industries like energy, transportation, and manufacturing. For example, businesses can improve supply chain efficiency, predict and prevent equipment failures, and foster better collaboration between teams and partners. Critically, the Platform’s design ensures that organisations can share only the specific data they choose, with full control over access and use, providing both flexibility and security.
IOTIC’s innovative approach has gained recognition from global industry leaders, with the likes of Rolls-Royce and BAM Nuttall having used the Platform to tackle real-world problems, highlighting its scalability and versatility. The Company has also received accolades for its pioneering solutions, including an award from the prestigious NTT DATA Open Innovation Contest.
What sets IOTIC apart is its unique federated knowledge graph, a patented system that allows businesses to access and understand data from multiple sources without centralising it, allowing businesses to unlock new insights and drive smarter, faster decision-making while maintaining data sovereignty. With a robust portfolio of granted patents and additional applications pending, IOTIC’s technology is transformative for secure, decentralised data sharing.
This acquisition offers a unique opportunity to secure exclusive ownership of patented, cutting-edge and proven technology poised to transform data management and collaboration. By acquiring IOTIC’s intellectual property and Platform, the buyer gains a powerful asset to attract and serve enterprise clients seeking advanced, secure data-sharing solutions.
The IOTIC Brand
IOTIC has established itself as a trusted and forward-thinking brand in the field of secure data sharing and interoperability. Known for its innovative approach to breaking down data silos and enabling seamless collaboration, the IOTIC name represents cutting-edge technology solutions designed to meet the needs of industries ranging from energy and manufacturing to transportation and smart cities.
High-profile partnerships have bolstered the brand’s reputation. Collaborations with global leaders like Rolls-Royce, BAM Nuttall, and Sopra Steria have showed the practical impact of IOTIC’s technology. IOTIC’s role in Rolls-Royce’s digital twin initiatives showed its capability to manage complex, sensitive data-sharing environments, balancing security and collaboration. Similarly, its contribution to the SHAPE-UK project at Portsmouth International Port showcases its innovative use of data to support a green hydrogen economy, further cementing its reputation as a forward-thinking brand.
The brand has also been recognised with industry accolades, such as the prestigious Telecoms and IoT Award in NTT DATA’s international Open Innovation Contest, affirming its prestige in the data-sharing and IoT sectors. Positive coverage from industry platforms like Riviera Maritime Media and TechUK has further bolstered the brand’s credibility, positioning it as a trusted innovator in its field.
Trade Marks
The Company holds a portfolio of 5 registered trade marks covering the “IOTIC” and “IOTIC Labs” brand names and logos, with international protection.
Full details on the Company’s trade marks are available via a virtual data room.
The IOTIC Platform
The IOTIC Platform is a pioneering solution for secure data sharing and interoperability, designed to break down data silos and facilitate seamless collaboration across complex ecosystems.
Built on proprietary Digital Twin technology, the Platform creates virtual replicas of real-world assets, enabling organisations to interact with and manage data in a more secure and efficient way. Unlike traditional centralised systems, IOTIC ensures data sovereignty by maintaining control with the data owner, while promoting interoperability across organisational boundaries. The Platform’s decentralised architecture is scalable and adaptable, making it ideal for industries like energy, transportation, manufacturing and utilities.
Key to the Platform’s functionality are its federated knowledge graphs, which allow organisations to access and query data from multiple sources to generate context-rich insights for decision-making. The Digital Twin technology enables real-time data interactions, predictive analytics, and operational optimisation. IOTIC also supports AI-ready data exchange, with dynamic streaming capabilities, and access controls that ensure data is shared securely, under the terms defined by the data owner.
IOTIC has been successfully deployed in various industries, helping utility companies securely share customer data to improve response times and support vulnerable populations, supporting sustainable urban projects like SHAPE-UK, and enabling predictive maintenance in manufacturing. The Platform is able to integrate real-time data, enhance collaboration, and provide actionable insights, all while maintaining high levels of security and governance.
Acquiring the IOTIC platform provides access to a proven, scalable solution that offers a strategic advantage in the rapidly evolving data economy, positioning the buyer as a leader in secure data management and collaboration.
Patents
The IOTIC patent portfolio protects its innovative approach to secure data sharing and interoperability. The Company’s patents cover critical technologies enabling decentralised and federated data management, which are essential for organisations operating in complex and secure ecosystems. IOTIC’s innovations provide the foundation for its revolutionary Platform, which transforms how organisations manage, share, and utilise data.
The portfolio includes patents for IOTIC’s proprietary Digital Twin technology to facilitate seamless, secure interaction across distributed networks, allowing organisations to access and share data while maintaining full control and ensuring operational security. Key innovations include the “Virtual Device” and “Virtual Requestor” patents, which act as intermediaries, securely connecting assets without exposing sensitive systems to direct access. Further strengthening the portfolio are patents related to the Platform’s Federated Knowledge Graphs, which enable the secure discovery, integration, and contextualisation of data from multiple sources, allowing organisations to generate actionable insights by linking fragmented datasets without the need for centralisation. IOTIC’s “Registrar” patent ensures all connections are brokered securely, with access controls tailored to specific use cases.
Additionally, the Company’s portfolio addresses pressing industry needs with patents for dynamic data classification using AI, enhancing the Platform’s ability to process and categorise unknown data sources. The “Cloud Machine” patent advances scalability, enabling the Platform to adapt to diverse operational environments. The “Mutual Trust Environment” patent ensures secure bidirectional interactions between data-sharing parties, fostering trust while safeguarding sensitive information.
IOTIC’s comprehensive patent portfolio encapsulates the critical elements required for secure, decentralised data ecosystems. By protecting innovations that address challenges such as data sovereignty, interoperability, and privacy, the portfolio establishes IOTIC as a leader in its field.
Full details on the Company’s patents are available via a virtual data room.
Organisational Knowledge & Know-How
IOTIC has developed a meticulously organised and well-documented suite of resources that provide a comprehensive foundation for its innovative data-sharing technologies and operational strategies, including structured data, workflows, and processes that underpin the development, deployment, and maintenance of the IOTIC Platform.
The Company’s knowledge base includes detailed records of engineering designs, security protocols, and support frameworks. Core technical documentation is managed through tools like Confluence and Jira, while the version-controlled code base is securely maintained on GitHub. These resources provide a clear and detailed roadmap of the Platform’s architecture and operational methodologies.
The Company’s repository offering a solid framework for understanding the processes and practices that have guided IOTIC’s operations is available to acquire.
Domain Names & Website Content
The primary iotic.com domain name is available to acquire, along with c. 40 additional IOTIC-branded domain names and miscellaneous related domain names.
Full details on the Company’s domain names are available via a virtual data room.
The Company owns the copyright in the website content hosted at its various domains, showcasing the business and its technology offering.
Media Content (The IOTIC Podcast)
The Company owns the copyright to “The IOTIC Podcast” (the “Podcast”), a curated series of insightful episodes designed to highlight the transformative potential of secure data sharing and interoperability. The Podcast features original content, including expert discussions, real-world use cases, and interviews with industry leaders, showcasing the innovative applications of the IOTIC platform across sectors such as energy, manufacturing, and smart cities.
Social Media Accounts
Rights in the social media accounts are also available to acquire across LinkedIn, Twitter, Facebook, YouTube and Vimeo.
Full details on the Company’s social media accounts are available via a virtual data room.
Client & Prospective Client Data
The Company holds detailed information on previous clients, including contact details and insights into past interactions and sales opportunities. The Company also maintains records on prospective clients, including inbound enquiries, sales leads, and partner engagement plans, ensuring a pipeline for future growth and collaboration.
Partner Data
The Company holds data on historic partners, including names and contact details, supporting ongoing and future collaborations.
Tangible Assets
A range of office and computer equipment are available for acquisition.
Full details on the Company’s tangible assets are available via a virtual data room.
Offers are due Thursday 6 February 2025 at 4pm GMT.
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room of further information on signing a confidentiality agreement.
The Proposed Liquidator acts as an agent of the Company and without personal liability.
The bidder acknowledges that Hilco acts as an agent for the Proposed Liquidator who offers for sale only what right, title and interest (if any) the Company possess in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Proposed Liquidator, and bidders are deemed to have carried out their own due diligence.
VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. A buyer’s premium of 10% of the sale price is payable by the winning bidder. Legal completion to occur within 5 business days of bid acceptance. Hilco’s full Terms and Conditions apply.
