Pellegrino & Associates formed in 2003 as a premiere software valuation company based in Fort Wayne, Indiana. It specialized in embedded software valuations for personal property tax reporting purposes. As company president Mike Pellegrino was forming the company, the Indiana Tax Court issued a ruling barring taxpayers from using estimates or opinion to establish the value for embedded application software for personal property tax reporting. As a result, he set out to change the law to allow for the independent valuation of embedded application software. He spent two years working with the legislature to change the law.

Just one year after its initial start, the company quickly evolved into a technology and intellectual property valuation firm. In 2004, the company relocated to Indianapolis, Indiana to expand the business by being more accessible to our growing international clients. As the company continued to grow, the need for another office arose. As a result, we opened an office in San Jose, California in 2011. Our client reach is both domestic and international, with a third of our clients outside the United States. We have served startups, Fortune 100 companies, law firms, estates, and others.

Since 2004, Pellegrino & Associates has completed more than 400 engagements for more than 300 clients in a wide range of industries. These engagements involve valuing various assets including patents, copyrights, trademarks, brands, trade secrets, businesses, and human capital, to name a few. Clients have used our valuations for internal capital budgeting and planning purposes, for property tax reporting purposes, for raising investment capital, and for economic feasibility analysis. We have helped 76% of our clients raise more than a quarter of a billion dollars.

Since our beginning, Pellegrino & Associates has built a strong reputation in the IP valuation industry, with event organizers inviting the firm to write and speak at dozens of forums throughout the years. Our company president has written a first and second edition book on IP valuation, BVR’s Guide to Valuing Intellectual Property, selling more than 700 to industry professionals, law firms, and others. We continue to set standards, provide credible and defensible valuations, and remain a thought leader in the industry.