RPX Completes Transaction with University of Tennessee Research Foundation
October 18, 2017
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 the University of Tennessee Research Foundation (UTRF), a non-profit organization promoting the commercialization of University of Tennessee’s intellectual property. UTRF, in coordination with Saint Matthew Research, LLC, initiated a patent litigation campaign earlier this year asserting five patents developed by professors and graduate students at The University of Tennessee. The technology relates to database storage and parallel processing techniques.
“It is UTRF’s privilege to support the groundbreaking work of faculty, staff, and students throughout the University of Tennessee system by dedicating resources to the commercialization of their important research,” said Stacey Patterson, President of UTRF. “Working with RPX helped UTRF with these efforts.”
Under the terms of the agreement, UTRF and Saint Matthew Research received a payment from RPX and granted to RPX certain rights in a subset of UTRF’s patent portfolio. Additional terms were not disclosed.
“We continue to see that patent licensing negotiations are more efficient and reasonable when moved out of the courtroom,” said Marty Roberts, Chief Executive Officer and President of RPX. “For nearly 10 years, parties in licensing disputes have turned to RPX to help them find equitable and speedy resolutions.”