The 4G wireless technology space is heating up, so expect vultures.
Acacia Research Corporation, a massive patent holding group with dozens of subsidiaries in the business of exploiting intellectual property by means of lawsuits and aggressive patent licensing schemes, this morning announced that it has acquired ADAPTIX, a 4G wireless technology company that originally started out in 2000 under the name Broadstorm and was owned by PE firm Baker Capital.
Acacia Research is paying $160 million for the company, which has $10 million in cash, primarily to obtain ADAPTIX’ portfolio of 230 issued and pending patents in 13 countries.
Guess what’s going to happen next.
Acacia Research Corp., prior to Split-off of CombiMatrix Corp. engages in the acquisition, development, licensing, and enforcement of patented technologies. It owns or controls the rights to 97 patent portfolios covering a range of technologies used in various industries, such as audio/video enhancement and synchronization, broadcast data retrieval, computer memory cache coherency, credit card fraud protection, database management, data encryption, product activation, digital video production, dynamic manufacturing modeling, enhanced Internet navigation, image resolution enhancement, microprocessor enhancement, resource scheduling, spreadsheet...