SAN FRANCISCO, Dec. 15, 2015 /PRNewswire/ -- RPX Corporation (NASDAQ: RPXC) today announced that it executed agreements to secure licensing rights for more than 20 companies to the portfolio of patents owned by patent licensing company Round Rock Research, LLC. The transaction, valued at more than $100 million, is expected to close by December 31, 2015. Round Rock was formed in 2009 and subsequently acquired several thousand patents primarily related to semiconductor manufacturing and circuit technology from Micron Technology, Inc.
"This transaction demonstrates RPX's unique ability to bring together patent market participants in complex deals, allowing companies to avoid costly litigation and efficiently reduce their risk," said John Amster, Co-founder and Chief Executive Officer of RPX. "We continue to prove that our clearinghouse approach is improving the patent licensing process with transparency, scalability, and rational outcomes."
"Working with RPX brought efficiency to this transaction which helped us achieve a result that was agreeable to many parties with varying interests," said Gerry deBlasi, President and CEO of Round Rock Research, LLC.
The companies receiving licenses to the Round Rock portfolio represent various segments of the semiconductor ecosystem, including wafer foundries, integrated device manufacturers (IDMs), fabless integrated circuit (IC) companies, consumer electronics manufacturers, and network equipment companies.
RPX will receive a fee for its work on the transaction.
ABOUT RPX
RPX Corporation (NASDAQ: RPXC) is the leading provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence, insurance services and advisory services. 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 September 30, 2015, RPX had invested nearly $2 billion to acquire more than 10,300 US and international patent assets and rights on behalf of 245 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.
ABOUT ROUND ROCK RESEARCH LLC
Round Rock Research, LLC is a technology investigation and patent licensing company with a leading patent portfolio related to semiconductor manufacturing, memory and other semiconductor components and products, RFID, CMOS imagers, network servers and other technology.
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