Brian Grosso • 16 Comments
Dec. 15, 2015, 4:30 PM
- RPX (NASDAQ:RPXC) is buying Inventus Solutions, a Chicago-based legal discovery project management and eDiscovery services firm, for $232M in cash. The deal is expected to close in mid-to-late January, and is forecast to contribute $50M-$60M to RPX's revenue.
- RPX CEO John Amster: "We see this acquisition as a natural extension of RPX's expertise in mitigating patent risk and lowering legal costs for our clients ... it is the right time to expand the services we can provide to mitigate risk and lower costs for corporate legal departments. Adding new services related to litigation and compliance discovery does this, while profitably accelerating our revenue and cash flow growth ... it will also help increase our footprint inside our clients' legal departments, which will strengthen our ability to achieve RPX's long-term goal of establishing a broad, de facto patent clearinghouse."
- The acquisition follows a 2014 deal to buy the Rockstar Consortium's remaining patents for $900M (RPX directly contributed just $35M). Shares haven't yet moved after hours.
- RPX also announces it has reached deals to secure licensing rights for 20+ companies to chip-related patents owned by private Round Rock Research. The transaction is said to be valued at $100M+; RPX will receive a fee for its work on the deal.
Dec. 23, 2014, 12:46 PM
- IP risk-protection firm RPX (RPXC -0.4%) is buying most of the Rockstar Consortium's remaining patents (over 4,000 of them) for $900M - roughly a fifth of the ~$4.5B the consortium paid to buy the full portfolio in 2010 from bankrupt Nortel.
- RPX will license the patents to a syndicate of 30+ companies that includes Google and Cisco in exchange for payments. Everyone else will be able to license them under FRAND terms. RPX is only directly contributing $35M to the purchase.
- Rockstar, whose members include Apple, Microsoft, BlackBerry, Ericsson, and Sony, had launched a series of lawsuits against Android OEMs. The sale comes amid an increasingly difficult legal and political environment for IP licensing firms.
- Spherix (NASDAQ:SPEX), which bought over 100 of Rockstar's patents and patent applications earlier this year and has used them to sue Cisco, Verizon, and Huawei, is trading lower
Jun. 10, 2014, 6:12 PM
- Reuters reports RPX (RPXC +0.8%) is in advanced talks to buy PatentFreedom, a provider of subscription-based services that let companies and law firms track the activity of patent owners that could potentially file suits. No word on deal pricing.
- PatentFreedom's offerings would complement RPX's existing IP-protection services, through which the company buys patents from potential litigants on behalf of clients (in exchange for a fee).
- The report comes a month after a bill meant to make life more difficult for patent trolls was stalled in the Senate.
Dec. 19, 2012, 9:23 AM
Eastman Kodak (EKDKQ.PK) is selling its imaging patent portfolio for $525M to a consortium led by RPX (RPXC) and patent troll Intellectual Ventures. Kodak adds the deal settles existing IP litigation between the parties. The sale figure exceeds the $500M threshold needed for a $793M financing deal to clear. Apple (AAPL) and Google (GOOG) were previously reported to have teamed up for a bid. (PR)| Dec. 19, 2012, 9:23 AM
Nov. 16, 2012, 1:59 PM
Alcatel-Lucent (ALU -3.4%) is still eying patent sales as a way to raise needed cash, says CFO Paul Tufano. Alcatel, which has nearly 30K issued patents and 15K pending patents, tried working with RPX (RPXC) earlier this year to monetize its IP, but that deal didn't go as planned. Reuters previously reported Alcatel is thinking of selling its declining submarine optical networking and enterprise phone businesses, moves Goldman estimates could raise up to €400M ($509M).| Nov. 16, 2012, 1:59 PM | 1 Comment
Jun. 17, 2011, 1:54 PMSources confirm to WSJ that Intel (INTC) joins Apple (AAPL), Ericsson (ERIC) and RPX (RPXC) in competing for Nortel's 6,000 patents and patent applications against Google's (GOOG) $900M stalking-horse bid, which carries a $25M breakup fee if Google loses. The auction's now on June 27. Probably not involved in any of the joint bids: RIMM (-20.8%), whose fate may match up with Nortel's. | Jun. 17, 2011, 1:54 PM