Yours truly is proud of this next article since I was the attorney who helped the initial Ometric entrepreneurs secure their first license with USC.
In a coup for Columbia’s high-tech field, startup company Ometric has been bought by Halliburton Energy Services, along with top technology from the University of South Carolina. Halliburton has paid USC $2.75 million to acquire the university’s scanning technology for use in the petrochemical field. No sale price for Ometric has been made public. The purchase marks the first time a startup based on USC technology has been bought by a Fortune 500 company. The sale is a sign that USC is bringing top-quality technology into the marketplace, said Pam Benicewicz, associate vice president for research and director of the intellectual property office at the university. “This is a big success,” Benicewicz said. Don Herriott, USC’s director of Innovista partnerships, said the deal highlights the potential of the Innovista concept and the market potential of USC’s intellectual property. Rest at Columbia Regional Business Report