RPX Completes Transaction With Droplets, Inc.
RPX Financial Services Clients Shielded From Significant Future Patent Risk
SAN FRANCISCO, Jan. 17, 2013 (GLOBE NEWSWIRE) -- RPX Corporation
(Nasdaq:RPXC), a leading provider of patent risk management solutions,
announces that it has acquired sub-license rights to patents related to
Web-based application delivery from rich internet application (RIA) software
tools developer, Droplets, Inc. This transaction eliminates RPX clients'
exposure to a broad-based litigation campaign. Four RPX clients have been
dismissed from the litigation with three remaining clients in the process of
being dismissed. In the transaction, which closed in December, RPX also
acquired option rights to grant sublicenses under the Droplets patents to many
With a 224% increase in financial services defendants targeted in patent suits
from 2006 to 2012, RPX research finds that patent holders are increasingly
targeting technologies used by consumer-facing, financial services companies.
As the majority of customers now rely on the convenience of web and mobile
banking, the patent risks associated with these technologies has increased.
"This transaction illustrates how RPX can help mitigate the increasing patent
risk faced by financial services companies," said John A. Amster, Chief
Executive of RPX. "Our ability to clear risk efficiently by acquiring valuable
patent rights delivers significant value to our client network. We prevent
litigation and lower or eliminate legal expenses."
As of September 30, 2012, RPX had invested over $500 million to acquire more
than 2,950 US and international patent assets and rights, and had a client
network of 128 members active in seven key sectors: consumer electronics and
PCs, E-commerce and software, financial services, media content and
distribution, mobile communications and devices, networking, and
About RPX Corporation
RPX Corporation(Nasdaq:RPXC)is a 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.
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