Flush with cash from recent licensing deals, Marathon plans to buyback $2M in shares

Marathon Patent Group (MARA), the patent licensing and commercialization company run by CEO Doug Croxall, said it plans to repurchase of up to $2 million of its common stock over the next 12 month period ending May 30, 2017. Los Angeles-based Marathon is buying back stock after announcing record revenue from licensing agreements so far [...]

By | May 24th, 2016|Patent Investing|Comments Off on Flush with cash from recent licensing deals, Marathon plans to buyback $2M in shares

Finjan reaches $10.9M licensing agreement with Proofpoint, putting pressure on others to settle

Finjan Holdings Inc. (FNJN), the cybersecurity and licensing company run by CEO Phil Hartstein, said on Monday, May 23 it agree to license its global patent portfolio to Proofpoint Inc. for $10.9 million. The licensing agreement calls for Proofpoint to pay $4.3 million with in three days, plus $3.3 million on or before Jan. 4, [...]

By | May 24th, 2016|Patent Investing|Comments Off on Finjan reaches $10.9M licensing agreement with Proofpoint, putting pressure on others to settle

Judge Grewal’s hiring by Facebook seen as latest effort by so-called ‘patent bullies’ to thwart patent owners

Magistrate Judge Paul Grewal’s decision to join Social Media giant Facebook Inc. (FB) as deputy general counsel overseeing global litigation, may be the latest example of a big technology company, or so-called "patent bully’s" ability to thwart the rights of patent owners. That's the view of some patent market observers who invest in patent monetization [...]

By | May 19th, 2016|Patent Investing, Patent Trolling|Comments Off on Judge Grewal’s hiring by Facebook seen as latest effort by so-called ‘patent bullies’ to thwart patent owners

USPTO rulings on Finjan patents strengthen cases against Blue Coat Systems and others

Finjan Holdings Inc. (FNJN), the cybersecurity and licensing company run by CEO Phil Hartstein, said the U.S. Patent and Trademark Office issued two favorable rulings regarding two Finjan patents that have been repeatedly challenged by various defendants. East Palo Alto, California-based Finjan made the announcement on Wednesday, May 18. The company said that on Monday, [...]

By | May 19th, 2016|Patent Investing|Comments Off on USPTO rulings on Finjan patents strengthen cases against Blue Coat Systems and others

Inventergy raises $1.67M in registered direct and private placement to fund Inventergy Innovations venture

Inventergy Global Inc. (INVT), the patent licensing company run by CEO Joseph Beyers, raised $1.3 million in a registered direct offering of common stock and warrants to fund its new Inventergy Innovations LLC venture, which is focused on partnering with startups and emerging growth companies to bring their inventions to market. Campbell, California-based Inventergy issued [...]

By | May 19th, 2016|Patent Investing|Comments Off on Inventergy raises $1.67M in registered direct and private placement to fund Inventergy Innovations venture

Google, Facebook, IBM, Microsoft and others participate in AST’s Industry Patent Purchase Program

Google (GOOG), Facebook (FB), IBM (IBM), Microsoft (MSFT), Adobe (ADBE), SAP (SAP), Ford (F), Honda (HMC), Hyundai, Kia Motors, Verizon (VZ), Cisco (CSCO), Arris, leading cable service providers, and several other multinational companies are participating in Industry Patent Purchase Program (IP3) managed by patent Allied Security Trust. AST, the Princeton, N.J.-based patent aggregator, said the [...]

By | May 18th, 2016|Patent Investing|Comments Off on Google, Facebook, IBM, Microsoft and others participate in AST’s Industry Patent Purchase Program

(Update2) Les Ware’s Optis Technology and PanOptis sign confidential licensing agreement with ZTE

Les Ware’s Optis Wireless Technology LLC and PanOptis Management LLC reached a confidential license agreement with Chinese telecommunication giant ZTE Corp. on May 3. The confidential settlement was disclosed in a joint filing for dismissal of Optis and PanOptis enforcement action against ZTE in U.S. District Court in Marshall, Texas, which was approved by Judge [...]

By | May 17th, 2016|Patent Investing|Comments Off on (Update2) Les Ware’s Optis Technology and PanOptis sign confidential licensing agreement with ZTE

(Update1) Finjan gave up significant share of future revenue to secure $10.2M financing from Halcyon and Soryn IP

Finjan Holdings Inc. (FNJN), the cybersecurity and licensing company run by CEO Phil Hartstein, is betting it can reach a final settlement with Blue Coat Systems and others long before it has to redeem the $10.2 million in preferred stock recently issued to Halcyon Long Duration Recoveries Investments I LLC and Soryn IP Group. Under [...]

By | May 16th, 2016|Patent Investing|Comments Off on (Update1) Finjan gave up significant share of future revenue to secure $10.2M financing from Halcyon and Soryn IP

Marathon says revenue may more than double to $40M this year, posts narrower 1st Qtr loss

Marathon Patent Group (MARA), the patent and technology licensing company run by CEO Doug Croxall, said its revenue may more than double this year to $40 million from $19 million last year because of a sharp increase in settlements. Los Angeles-based Marathon said year to date licensing revenue has already reached $35 million. The company [...]

By | May 12th, 2016|Patent Investing|Comments Off on Marathon says revenue may more than double to $40M this year, posts narrower 1st Qtr loss

Finjan raises $10.2M in private placement of preferred from Halcyon and Soryn IP

Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, said it has secured a $10.2 million Series A preferred stock financing in a private placement led by Halcyon Long Duration Recoveries Investments I LLC, and Soryn IP Group LLC. Halcyon Long Duration Recoveries Investments I is an affiliate of [...]

By | May 12th, 2016|Patent Investing|Comments Off on Finjan raises $10.2M in private placement of preferred from Halcyon and Soryn IP