Acacia backed Veritone replaces auditor after it identified material weakness

Veritone Inc. (VERI), the radio advertising platform that uses artificial intelligence features and is backed by Acacia Research Corp. (ACTG), said it named Grant Thornton as its new auditor replacing Marcum LLP, after Marcum identified a material weakness related to management’s failure to perform and review reconciliations of certain significant accounts. The company said in [...]

By | May 25th, 2018|Patent Investing|0 Comments

(Update1) Acacia says activists have spurned offer to put one of their nominees on the board with Graziadio and Walsh

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, said the two activist investors seeking to oust Graziadio and another director Frank Walsh in a proxy battle, have rejected the Acacia board's offer to put one of the activist nominees on the board as long as Graziadio and [...]

By | May 25th, 2018|exec changes, Patent Investing|0 Comments

RPX explains in filing how cost cuts, executive departures may have hurt its business, reduced its value

The story of RPX Corp. (RPXC)’s year long effort to sell itself to HGGC LLC for $10.50 a share, or $555 million in cash, as detailed in the patent aggregator’s recent 14D securities filing, suggests that the current management and board may now realize former founder and CEO John Amster and his team were right [...]

By | May 24th, 2018|Patent Investing|0 Comments

Universal Display receives BOE Technology award for its approach to innovation and client needs

Universal Display Corp. (OLED), the organic light emitting diode (OLED) technology and licensing company, said it has received the 2018 Supplier Award for Outstanding Strategic Partner from BOE Technology Group Co. Ltd., in recognition of its innovation and attention to client needs. The Ewing, New Jersey-based company said the BOE award recognizes the supplier for [...]

By | May 24th, 2018|Patent Investing|0 Comments

InterDigital expects $63M to $67M in second quarter revenue, primarily recurring revenue

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company  run by CEO William Merritt, said it expects its second quarter 2018 revenue to be between $63 million and $67 million. The Wilmington, Delaware-based company said this range is comprised primarily of recurring revenue and includes less than $1 million of non-recurring revenue. [...]

By | May 22nd, 2018|earnings, Patent Investing|0 Comments

Allied Security Trust launches third annual industry patent purchase program

Allied Security Trust, the patent aggregator run by CEO Russell Binns Jr., said its third annual industry patent purchase program (IP3 2018) will focus on a narrower set of patented technologies owned by operating companies and be expanded beyond AST members. The Princeton, New Jersey-based company said this year’s program will focus on soliciting patents [...]

By | May 22nd, 2018|Patent Investing, Patent sale|0 Comments

U.S. ITC judge sides with Samsung against Xperi, terminating complaint due to arbitration clause

An administrative law judge from the U.S. International Trade Commission sided with Samsung Electronics in an initial determination terminating the complaint filed by Xperi Corp. (XPER). San Jose, California-based Xperi said the initial determination was subject to a reversal by the full ITC and that it planned to appeal the decision. The ITC investigation involves [...]

By | May 21st, 2018|litigation, Patent Investing, US ITC|0 Comments

(Update5) RPX had four preliminary offers to take it private in early 2017 between $13.50 and $16.10

RPX Corp. (RPXC), the struggling patent aggregator that agreed to sell itself to middle market private equity firm HGGC LLC for $10.50 a share or $555 million, said between February and June 2017, it received four preliminary proposals to acquire the company from$13.50 to $16.10 a share, suggesting its decision to wait a year allowed [...]

By | May 21st, 2018|Patent Investing|0 Comments

(Update1) InterDigital names Dr. Henry Tirri as its new chief technology officer

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Willam Merritt, said it appointed Dr. Henry Tirri, formerly an execute vice president at Harman International Industries, as Chief Technology Officer. Wilmington, Delaware-based InterDigital said Dr. Tirri is a technology executive with deep experience in a variety of technology areas, [...]

By | May 17th, 2018|exec changes, Patent Investing|0 Comments

TiVo enters multi-year IP license with France’s Fnac Darty for undisclosed amount

TiVo Corp. (TIVO), the entertainment technology and licensing company run by CEO Enrique Rodriguez, said it has entered into a multi-year intellectual property license agreement covering the consumer electronics brands of the Fnac Darty Group for an undisclosed amount. The San Jose, California-based company said the new multi-region European intellectual property license enables Fnac Darty, [...]