SAN FRANCISCO, July 10, 2017 /PRNewswire/ -- RPX
Corporation (NASDAQ: RPXC), the leading provider of patent risk and
discovery management solutions, today announced that it has
completed a patent rights agreement with ZiiLabs, Inc., Ltd, a
wholly owned subsidiary of Creative Technology Ltd.
Under the terms of the agreement, ZilLabs will receive a payment
from RPX and assign certain rights in its patent portfolio to RPX.
Further, all existing disputes involving ZiiLabs' patents in the
International Trade Commission, as well as parallel proceedings in
United States District Court, will be resolved. Additional terms
were not disclosed.
"By bringing together industry participants in complex
transactions such as this one affecting the semiconductor industry,
RPX continues to act as a trusted intermediary for licensors and
licensees looking to achieve rational and efficient outcomes," said
Marty Roberts, Chief Executive
Officer and President of RPX.
ABOUT RPX
RPX Corporation (NASDAQ: RPXC) is the
leading provider of patent risk and discovery management solutions.
Since its founding in 2008, RPX has introduced efficiency to the
patent market by providing a rational alternative to
litigation. The San Francisco-based company's pioneering
approach combines principal capital, deep patent expertise, and
client contributions to generate enhanced patent buying power. By
acquiring patents and patent rights, RPX helps to mitigate and
manage patent risk for its growing client network.
As of March 31, 2017, RPX had invested over $2
billion to acquire more than 17,500 US and international
patent assets and rights on behalf of over 300 clients in eight key
sectors: automotive, consumer electronics and PCs, E-commerce and
software, financial services, media content and distribution,
mobile communications and devices, networking, and
semiconductors.
RPX subsidiary Inventus is a leading international
discovery management provider focused on reducing the costs and
risks associated with the discovery process through the effective
use of technology solutions. Inventus has been providing
litigation support services to corporate legal departments, law
firms and government agencies since 1991.
Media Contact:
Jen
Costa
RPX Corporation
+1.415.852.3180
media@rpxcorp.com
Investor Relations Contact:
JoAnn Horne
Market Street Partners
+1.415.445.3233
ir@rpxcorp.com
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SOURCE RPX Corporation