You might talk with Bernd Harzog. http://berndharzog.sys-con.com/ I worked with Bernd many times on a broad variety of IP related valuation. Their are many key issues to consider in trying to value s/w IP - understanding the market in which the software is targeted, the maturity of offerings, the channel/sales strategy, competition, quality of the IP code, platform alignment to markets, etc. Bernd is quite good at netting things out quickly. He is quite direct and will tell you all of the bad and good. Good luck. www.softdatabase.com