We still haven’t head much out of Intellectual Ventures’ latest patent offensive against a minimum of nine tech companies, however the company founded by former Microsoft CTO Nathan Mhyrvold is now making some news on another front. It just announced today that RIM has followed HTC and Samsung and entered a licensing agreement that offers it full access to Intellectual Ventures’ patent portfolio of greater than 30,000 IP assets. Details are expectedly light beyond that, however it certainly looks like Intellectual Ventures is doing alright for itself nowadays — it was recently reported that it hauled in $700 million in licensing revenue in 2010 alone, and that its total revenue so far is around $2 billion. Full press release is after the break.
BELLEVUE, Wash. – March 30, 2011 – Intellectual Ventures (IV®) announced today that it has entered right into a license agreement with Research In Motion (RIM). The deal provides RIM with access to IV’s extensive patent portfolio of greater than 30,000 IP assets.
Becoming an IV licensee provides access to additional services and products to handle both short-term and long-term IP-related matters. As an IV customer, RIM can now complement its own strong patent portfolio with access to IV’s portfolio and might leverage IV’s portfolio in its future licensing negotiations.
“Intellectual Ventures offers an effective approach to access the discovery rights companies ought to stay competitive in the market,” said Mario Obeidat, head of telecommunications licensing at Intellectual Ventures. “RIM has always been an innovator at the forefront of the mobile communications world, and by becoming a licensing customer of IV, they could have access to a broader set of patents to aid them inside the management in their IP-related business matters.”
Intellectual Ventures engages with companies of all sizes to satisfy their current business needs and supply strategic guidance on forward-thinking intellectual property. IV combines scale and expertise to structure sophisticated deals designed to assist companies strengthen their market position by reducing their current risk and providing access to the discovery rights they should stay competitive.
About Intellectual Ventures
Founded in 2000, Intellectual Ventures (IV) is the worldwide leader within the business of invention. IV collaborates with leading inventors, partners with pioneering companies, and invests both expertise and capital within the means of invention. IV’s mission is to energise and streamline an invention economy that can drive innovation world wide. www.intellectualventures.com
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