On August 11th, 2017, all One Horizon Group, Inc. software companies were purchased for two million US dollars in a management-buyout (“MBO”) by the company founder, Brian Collins. SEC filing.
All employees, excluding CFO Mr. Ward, transferred to the MBO businesses. All our software, all customers of our software, our intellectual property, and Mr. Collins’s patent, were fully divested by One Horizon Group, Inc. at this time.
The four MBO software businesses continue to operate in the development and licensing of our revolutionary line of patented communication and blockchain software: