Walker Digital, LLC is an independent R&D laboratory that has created a private portfolio of technology-centric intellectual property comprising approximately 800 issued and pending U.S. and international patents. Based in Stamford, Connecticut, the Walker Digital laboratory was founded in 1994 by Jay Walker, who serves as its chairman. Walker Digital's inventions cover marketing and system-based innovations across a wide range of industries, including retail, vending, travel, gaming, credit card, telecommunications and others. The lab is best known for creating the underlying innovations that led to priceline.com.\nWalker Digital, LLC's affiliates such as Walker Digital Management, LLC and Walker Digital Gaming, LLC develop, protect and commercialize intellectual property. Often, the intellectual property (which is assigned to Walker Digital, LLC) is licensed to unaffiliated operating companies. Executive management of Walker Digital Management, LLC negotiates the licensing of IP assigned to parent company Walker Digital, LLC. In other cases, the intellectual property is used as the basis for innovative startups to which Walker Digital, LLC and Walker Digital Management, LLC may contribute personnel, expertise and funding. Walker Digital, LLC and its affiliates are privately held and do not engage in consulting to outside companies.