Inventergy has acquired around 77 patents from Nokia in a deal for which the transaction values have not been disclosed.
Inventergy Global, Inc. announced today it has acquired a patent portfolio from Nokia, a leader in network infrastructure, location intelligence and advanced technology development. The portfolio includes 16 patent families comprised of 77 patents and patent applications pertaining to IP Multimedia Subsystems (IMS). The acquisition is Inventergy’s third significant patent acquisition in the past year and increases the Company’s portfolio to more than 750 patents globally. While the terms of the transaction are confidential, it has no immediate effect on Inventergy’s cash position.
While Nokia aims to monetize its huge patent portfolio, it now seems they also have been planning to offload some of the patents to firms like Inventergy, which seek to aggressively monetize them.