Tesanjska 24A, 71000 Sarajevo, Bosnia and Herzegovina


2013 Black Stone IP LLC, boutique investment bank, founded in San Francisco. Sarajevo office established in May 2013

2017 Houlihan Lokey, Inc. (NYSE: HLI), the global investment bank


Black Stone IP LLC

Our Numbers

Highly skilled multi-disciplinary team with deep Intellectual Property experience, invent deals and strategies to solve tough challenges







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Our team

Armin Halilovic

Junior Engineer

Mr. Halilovic joined BSIP in October 2018. He holds MSc degree in Electrical and Electronics Engineering from International Burch University.

Minka Mehmedspahic

Junior Financial Analyst

Ms. Mehmedspahic joined BSIP in 2018. Her focus is on providing research and analytical support for patent valuations...

Lamija Herceg

Junior Engineer

Ms. Herceg joined BSIP in October 2018. Lamija holds BSc degree in Electrical and Electronics Engineering from International University of Sarajevo.

Our Services

Patent Analytics

Patent Scorecards, Patent Quality Check, Patent Ranking Analysis, Manual Expert Review

Portfolio Analytics

Maintenance Fees, Docket and Family Reconciliation, Patent Issuance, Expiration Analysis, Patent Bucketing, Portfolio Taxonomy and Categorization, Portfolio Quality, Analytics and Comparison

Patent Landscape

Standard Guided Keyword, Semantic and Citational based Landscapes, White Space Analysis, Company-Technology Matrix, Standard Essential Patent Landscapes, Technology Landscapes, Patent Surveillance

Patent to Product Mapping

Encumbrances, Licensing Identification, Transaction Analytics, Infringement, Indication of Use, Evidence of Use and Claim Mapping


Addressable Market and Qualitative Market Research, Royalty Rate Research, Competitive and Industry Intelligence, Patent-to-Market Mapping, WACC, Cost, Income and Market Approach Valuation


IP and M&A Transactions, Patent Abandonment, Litigation activity: IPR, CBM, District and ITC Court, Analysis of CAFC and SCOTUS jurisprudence

Contact Information

Tesanjska 24A, 71000 Sarajevo, Bosnia and Herzegovina



Our office


  • 2018
  • CEBIT 2018

    This year, from June 12–14 BSIP visited the CEBIT. Engineers had a chance to grasp 3D VR gaming setups, AR and hologram interactive programs, hive drones, and groundbreaking inventions like magnetic cordless elevator, Intel’s machine learning whale tracking system and IBM’s quantum computer.
    12 JUN 2018
  • BSIP is proud to announce its achievement of ISO/IEC 27001:2013, the global standard for Information Security Management Systems.

    BSIP has demonstrated its commitment to data protection and signaled the further strengthening of its credentials as a trusted service provider. ISO 27001 is internationally accepted and one of the most widely recognized information security standards.
    25 MAR 2018
  • 2017
  • End of the year, team building event

    BSIP team building and integration event on Vlasic mountain.
    26 DEC 2017
  • BSIP Staff Enlargement

    BSIP is pleased to announce the hire of three senior employees and two junior engineers. Our TEAM is closing another successful fiscal year.
    31 OCT 2017
  • IFA Berlin 2017

    IFA 2017 is one of the biggest tech shows in recent years. Engineers are going to get Tech update and do a marathon.
    31 AUG 2017
  • Team bulding on Tara

    Whitewater rafting is excellent team building activity to improve team bonding, leadership skills and assess team performance.
    01 AUG 2017
  • Advanced Patent Analytics Training

    Week of advanced analytics training with expert U. Jani, after several months of WIPO distance learning advanced courseware and exams.
    20 JUL 2017
  • 5G Seminar and Training

    Series of sessions on 5G standard, current development and contributors.
    10 MAY 2017

    IP analytics conference, now run by CPA Global.
    24 APR 2017
  • CEBIT 2017

    Team of passionate engineers went to Hannover to glance latest technology landscape.
    20 MAR 2017
  • International Conference on Medical and Biological Engineering

    BSIP was pleased to see old and welcome new friends at region largest conference.
    16 MAR 2017
  • HL Acquires Black Stone IP

    Houlihan Lokey, Inc. (NYSE: HLI), the global investment bank, today announced that it has acquired Black Stone IP LLC (BSIP), a leading boutique investment bank focused on valuing and trading patent and other intellectual property (IP) assets.
    18 JAN 2017
  • 2016
  • Retreat at Budapest

    Wrapped the most successful working year with a well-deserved company celebration at Széchenyi Baths in Budapest.
    25 DEC 2016
  • Company Wide Gathering in Monterey, CA

    US and Europe on one spot. Enjoying sun and making changes.
    20 OCT 2016
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