Inventergy Global Inc. (INVT), the patent monetization company run by CEO Joe Beyers, said it has entered into a five year $2 million patent license agreement with a mid-tier telecommunications technology company providing IP Multimedia Subsystems (IMS) solutions.
The licensee was was not disclosed. Inventergy officials said the identity of the licensee was confidential.
Shares of Inventergy gained more than 11% or 7 cents to 66 cents in early trading on the Nasdaq.
Beyers said Inventergy believes “consensual license agreements like this provide mutual value, and furthermore validate the success of both our strategic business model and our management team, whose historical track record in prior roles produced billions of dollars in licensing revenues.”
Inventergy said the agreement provides a five-year license to two of its portfolios purchased from Nokia and Huawei. These assets include 56 patent families comprised of over 250 patents and patent applications including standards-essential patents pertaining to IMS technology.
In other news, Marathon Patent Group (MARA), the patent assertion company run by CEO Doug Croxall, said its Vantage Point Technology unit has entered in to a settlement and license agreement with SugarSync Inc. The terms were not disclosed.
Shares of Marathon gained almost 2% or 13 cents to $6.58 in early trading on the Nasdaq.
Marathon said the Vantage Point U.S. Patent No. 6,615,233, entitled "Apparatus and Method for Transmitting Documents Between a Server Computer and a Client Computer", is currently being asserted against Amazon.com Inc., Apple, Inc., Box, Inc., Dropbox, Inc. and Google Inc. in the United States District Court for the Eastern District of Texas.
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