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Acacia Research gets more patents from Nokia in a new agreement

Nokia new logoAcacia Research, a technology licensing company has acquired more patents from Nokia in the field of Networking. This agreement is understood to help Acacia in strengthening its presence in technology licesing with some top 2G/3G/LTE and LTE-Advance patent portfolio. The payment terms of this agreement are not known yet.

Acacia Research announced that a subsidiary has sourced rights in additional patent portfolios from Nokia Networks (NYSE: NOK). With these new portfolios, Acacia’s subsidiary now controls marquee portfolios relating to 2G/3G/LTE and LTE-Advanced technologies.

“We are rapidly becoming the leader in technology licensing and we continue to grow our base of future revenues by adding new patent portfolios,” commented Matthew Vella, CEO and President of Acacia Research Corporation.

Source

Thanks Marc for the tip. Cheers!!

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Nayan

Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long.

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  • Prodigy1

    I would like to make a difference between “acquire” and “license”. I don’t think that Nokia sold those patents completely, but Acacia bought the rights. Am I right?

    • Kamal

      That’s why I said “payments terms are not known”. But it should mean acquired to license further…

      • Prodigy1

        Oh, ok! I thought that you meant that only the amount of $$$ is not known 🙂

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