The Information and communications technology (ICT) industry is driven by nonstop innovation, which has resulted in improving the way we do virtually everything. Although the goal of these improvements is designed to make the world we live in a more civilized society, the patent litigations taking place in IT proves otherwise. With so many intellectual property infringement litigations in the docket of court rooms around the world, organizations unfortunately have to spend time and resources to protect their assets, instead of creating more innovations. The feud between Apple and Samsung is one example where large amount of resources have been expended, in a seemingly never ending dispute.
These disputes could be avoided if everyone licensed or purchased the patents legitimately, and that is what Inventergy has done. Inventergy Inc., an intellectual property acquisition and licensing company, has acquired 500 patent assets from Panasonic (News - Alert), bringing its total to 660. The assets from Panasonic include technologies that are essential in 3G and 4G communications. As one of the leading innovators in this sector, Panasonic had numerous patents.
Increasing its portfolio in radio access network communications technologies will give Inventergy right of entry to a number of key market segments. The company has identified more than 100 companies that could benefit from the assets it has acquired. Some of the markets include telecommunications operators, base station equipment vendors and end-user equipment vendors. Licensing these critical mobile broadband intellectual property assets will generate new and substantial streams of revenue.
Acquiring intellectual property that is essential in mobile technology is in essence a no brainer at this point in time. The growth related to mobile technology, machine-to-machine, the Internet of Things (IoT) and all other related products to the connected world we will all be living in is set to grow at double digit rates for the foreseeable future. The demand for the infrastructure supporting all of this technology is key, and these new IP assets give Inventergy geographic coverage in 18 countries with more than 80 telecom operators handling over 2.5 billion mobile broadband connections.
"In addition to providing a strong complement to our existing telecommunications patent portfolio, these assets cover key technologies in 3G and 4G communications, an industry in which Panasonic has been an early technology innovator and standards setter," said Joe Beyers (News - Alert), Chairman and CEO of Inventergy.