Acacia Names Chief IP Officer from Renesas Electronics to Management Team

  Acacia Names Chief IP Officer from Renesas Electronics to Management Team

Business Wire

NEWPORT BEACH, Calif. -- July 23, 2013

Acacia Research Corporation (Nasdaq: ACTG) announced today that Mr. Hiro Seki
has joined Acacia Research Group LLC as Senior Vice President. Mr. Seki will
head Acacia’s business development and related work in Asia.

Mr. Seki was most recently Chief IP Officer and General Manager, Intellectual
Property Division of Renesas Electronics Corporation. Mr. Seki’s 30 year
career at Renesas and previously at its co-parent company, Hitachi, Ltd.,
included responsibilities for IP licensing, litigation, patent acquisitions
and business development. He was also responsible for IP asset management,
including patent portfolio development and IP asset evaluation for various
technologies.

Mr. Seki has a B.S. and M.S. in physics from Waseda University, Tokyo. He is a
registered patent attorney in Japan.

“I am very excited to be joining Acacia. I have been working closely with the
Acacia team for the past few years while at Renesas. During that time, we at
Renesas saw the tremendous benefits Acacia brought to our company. I have
joined Acacia because I would like to see other patent holders realize similar
benefits from Acacia’s patent licensing expertise,” commented Mr. Seki.

Acacia Research Corporation’s President, Matthew Vella, commented, "Hiro's
extensive experience in managing intellectual property at a leading Japanese
technology company, and particularly his experience originating and running
successful globally-scoped patent licensing programs, makes him uniquely
qualified to enable Acacia to become a significant participant in Asian patent
markets.”

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research Corporation’s subsidiaries partner with inventors and patent
owners, license the patents to corporate users, and share the revenue. Acacia
Research Corporation’s subsidiaries control over 250 patent portfolios,
covering technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is
available at www.acaciaresearchgroup.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This news release may contain forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Such statements, including those related to Mr. Seki’s employment and
impact therefrom, are based upon our current expectations and speak only as of
the date hereof. Our actual results may differ materially and adversely from
those expressed in any forward-looking statements as a result of various
factors and uncertainties, including Mr. Seki’s continued employment and his
ability to help expand and build our business, the economic slowdown affecting
technology companies, our ability to successfully develop products, rapid
technological change in our markets, changes in demand for our future
products, legislative, regulatory and competitive developments and general
economic conditions. Our Annual Report on Form 10-K, recent and forthcoming
Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A,
and other SEC filings discuss some of the important risk factors that may
affect our business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any forward-looking
statements for any reason.

Contact:

Acacia Research Corporation
Rob Stewart
Investor Relations
Tel (949) 480-8300
Fax (949) 480-8301
or
Media Contact:
SpecOps Communications
Adam Handelsman
President & Founder
(212) 518-7721
adam@specopscomm.com