TMCnet Feature
August 10, 2012

Vringo, Inc. Buys Nokia Patents

By Katie Gatto, TMCnet Contributor

“[Vringo (News - Alert) focuses on] the innovation, development and monetization of mobile technologies and intellectual property,” according to a recent statement. “Vringo's intellectual property portfolio consists of eleven patents, eight of which were acquired from Lycos, Inc., as well as over twenty patent applications."



It looks like the company is going to have to have to amend that number in the very near future, having made a purchase that should seriously up the number of patents it owns.  The company has bought more than 500 patents from Nokia (News - Alert), the mobile technology giant, who’s selling off the rights to more than 500 patents and patent applications currently held worldwide.

The number includes about 109 patent and patent applications issued within the U.S.

And what did Nokia get from the patents?

The firm is getting two different forms of compensation from the deal. The first is compensation via cash from the buying company. The second is a form of compensation through a set of ongoing rights to revenue made by the patents that the company is selling.

For Nokia, this deal is ideal, as the company will see revenue without having to defend the patent rights in messy legal battles. The list of patents include some interesting technology, including the following wireless communications standards: 2G, 2.5G, 3G and 4G. Related technologies include GSM, WCDMA, T63, T64, DECT (News - Alert), IETF, LTE, SAE and OMA.

So who knows, the folks over at Vringo, Inc. may be able to make some serious profits on the new patents that they bought. 


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Edited by Braden Becker
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