Profile: Acacia Research Corp (ACTG.O)
30 Oct 2014
Acacia Research Corporation, incorporated in January 1993, through its operating subsidiaries, acquires, develops, licenses and enforces patented technologies. The Company’s operating subsidiaries generate revenues and related cash flows from the granting of rights for the use of patented technologies, which its operating subsidiaries own or control. Its operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies. In August 2012, the Company announced that a subsidiary acquired rights to patents for 360 degree view technology. In September 2012, its subsidiary acquired 23 patents covering gas heating and cooling control systems. In September 2012, the Company announced that a subsidiary acquired patents for radio frequency modulation technology used in mobile devices, such as smartphones, tablets and laptops. In October 2012, it acquired seven patent portfolios with over 1,900 patents and applications. In December 2012, the Company acquired patents for Wireless Infrastructure and User Equipment Technology from Nokia Siemens Networks. In August 2013, Acacia Research Corporation announced that a subsidiary acquired a patent portfolio relating to semiconductor testing technology. In November 2013, the Company’s subsidiary acquired the United States patents and foreign counterparts related to cellular HSPA and LTE technology.
In January 2012, the Company acquired ADAPTIX, Inc. In January 2012, the Company acquired patents relating to catheter ablation technology. In February 2012, the Company’s subsidiary acquired over 300 patents from Automotive Technologies International. In May 2012, the Company acquired patents covering digital imaging and related technologies. In June 2012, the Company acquired seven medtech patent portfolios. In June 2012, the Company’s subsidiary acquired patents for x-ray powder diffraction technology. In June 2012, the Company’s subsidiary acquired five patent portfolios with 156 the United States and International patents related to microprocessors, systems on chip, general circuit design, packaging and semiconductor manufacturing processes. In July 2012, the Company’s subsidiary acquired patents relating to computer aided design tools. In July 2012, the Company’s subsidiary acquired four patent portfolios with 48 the United States and International patents covering technologies relating to online collaboration, data networking, cellular communications and digital cameras.
As of December 31, 2011, it had licensed over 1080 license agreements executed, across 112 of its technology license programs. As of December 31, 2011, its operating subsidiaries owned or controlled the rights to over 200 patent portfolios, which include the United States patents and foreign counterparts covering technologies used in a range of industries, including Aligned Wafer Bonding, Audio Communications Fraud Detection, Audio Storage and Retrieval System, Audio Video Enhancement & Synchronization, Biosensor, Camera Support, Database Access, Facilities Operation Management System and Gemstone Grading. During the year ended December 31, 2011, the Company’s acquisition portfolio of 40 patent portfolios covered a variety of applications, including Flash Memory, Cellular Air Interface, Mobile Computer Synchronization and Cellular. The Flash Memory patented technology consists of 16 flash memory patents relating to architecture, manufacturing and operation of flash memory, including NOR flash. NOR flash memory is used in cell phones. Its Cellular Air Interface patented technology has 200 patents covering 3G and 4G cellular air interface and infrastructure technologies. These technologies may be found in mobile handsets, base stations, routers and other related equipment. Its Mobile Computer Synchronization patented technology relates to mobile applications for use in smartphones and other wireless computing devices. The Company acquired 6 patent portfolios relating to cellular technology, mobile handsets, wireless local area networks (WLAN), video processing, Internet Protocol Television (IPTV) technology, and location based services technology. As of December 31, 2011, certain of its operating subsidiaries had several option agreements with third-party patent portfolio owners regarding the potential acquisition of additional patent portfolios.
The Company’s partners include individual inventors and small technology companies who have limited resources and/or expertise to address the unauthorized use of their patented technologies, and also include research laboratories, universities, and large companies seeking to monetize their portfolio of patented technologies. In a partnering arrangement, its operating subsidiary acquire a patent portfolio or acquire rights to a patent portfolio, and in exchange, its partner receives: an upfront payment for the purchase of the patent portfolio or patent portfolio rights; a percentage of its operating subsidiary's net recoveries from the licensing and enforcement of the patent portfolio, and a combination of the two. It executes patent licensing and rights arrangements with users of its patented technologies through willing negotiations without the filing of patent infringement litigation, or through the negotiation of a patent license, intellectual property rights and settlement arrangements in connection with the filing of patent infringement litigation.
The Company competes with Allied Security Trust, Altitude Capital Partners, Coller IP, Intellectual Ventures, Millennium Partners, Open Innovation Network, RPX Corporation and Rembrandt IP Management.
Acacia Research Corp
7th Floor, 500 Newport Center Dr
NEWPORT BEACH CA 92660