MOSAID Doubles In Size and Becomes Conversant
OTTAWA, ONTARIO and PLANO, TEXAS -- (Marketwired) -- 09/19/13 --
Editors' Note: There is a photo and a video associated with this
To view the video associated with this press release, please visit
the following website: www.conversantip.com
In a sign of the rapidly accelerating economic value of patents,
MOSAID Technologies today announced two huge deals that double its
portfolio of patents under management to more than 12,500.
MOSAID is also changing its name to Conversant Intellectual Property
Management. "Our new name perfectly reflects our singular expertise
in patent licensing and IP management," said President and CEO John
Lindgren. "Conversant means knowledgeable, and it conveys a
willingness to engage in dialogue. It's why intellectual property
owners who want results choose to partner with us."
The recent deals thrust Conversant into the top ranks of global
patent licensing firms. Conversant has been selected as the IP
services provider for two portfolios - from two global technology
companies headquartered in the U.S. and in Asia - that together total
over 6,600 patents and patent applications.
Conversant is also negotiating with Qimonda AG of Germany to provide
exclusive licensing services for Qimonda's entire patent portfolio of
approximately 7,500 patents and applications.
"In today's knowledge economy, patent portfolios worth billions of
dollars are bought, sold, and licensed every year," explained
Lindgren. "Companies with extensive patent holdings are turning to
specialized intellectual property management firms such as Conversant
to help them realize full value from their patented inventions."
Conversant has grown dramatically in the last five years, tripling
its employee base and quintupling its patents under management.
Annual revenue now tops US$100 million.
Employing different partnership models, Conversant provides IP
management services - including patent licensing, patent acquisitions
and divestitures, and patent portfolio development - to global patent
"We've earned a reputation for expertise, for our principled approach
to patent licensing, and our well-known preference for respectful
negotiations over litigation," Lindgren said. "That's what our new
name is all about."
Conversant's new web site goes live today at www.conversantip.com.
The company's name change will take effect legally on January 1,
Investing in Licensing and Technology
Conversant was taken private in 2011 in a Cdn$590 million deal by a
group of investors led by Chicago-based Sterling Partners. Since
then, Sterling and its investors have increased their stake in the
intellectual property sector.
"Conversant is a high-growth company with a strong management team
that continues to demonstrate leadership in the IP management
services space," said Alan Macksey, Managing Director, Sterling
While its core business is patent licensing, Conversant retains its
roots as a technology innovator. Building on its proprietary
HyperLink NAND (HLNAND(TM)) technology, Conversant is developing
ground-breaking Flash memory products for computer applications.
These include high-capacity solid-state drives (SSDs) for enterprise
data centers and cloud computing that deliver up to 32 terabytes of
capacity - the highest in the industry - using a single HLNAND
controller chip. For information, visit www.hlnand.com
Conversant believes its continuing innovation efforts give it special
insight into the value of patented technology and how best to deliver
strong returns to companies on their heavy investments in R&D and
Conversant is a global intellectual property management company known
for its principled approach to patent licensing and its consistent
delivery of results to companies with extensive intellectual property
holdings. With a portfolio of more than 12,500 patents and patent
applications under management, Conversant has special expertise in
semiconductors, communications, and automotive technology. The
company also develops innovative Flash memory technology for mass
storage applications. Founded in 1975, Conversant has offices in
Ottawa, Ontario; Plano, Texas; and Luxembourg.
Conversant is owned by a consortium of investors led by Sterling
Conversant Intellectual Property Management, Inc. is the new name for
MOSAID Technologies, Inc. The name change will take effect legally on
January 1, 2014.
For more information, please visit www.conversantip.com.
To view the photo associated with this press release, please visit
the following link:
Investor Relations and Corporate Communications
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