TransactionsIP LLC, an international patent brokerage and consulting firm headquartered in Boca Raton, with offices in Phoenix and Tokyo, announced today the sale of a patent portfolio pertaining to Electronic Communication Data Management technology belonging to individual inventor Kristy Downing, and sold to Open Invention Network.
Ms. Downing summarized the sale, “I am very pleased to transfer ownership of my contributions in electronic communication data management to Open Invention Network (OIN). Electronic communication is a part of our daily lives. I believe improvements in e-communication security and organization are very important. I was fortunate to hire TransactionsIP, a world-class brokerage firm that created a Brokerage Marketing Package, contacted many target prospects, and identified OIN as the perfect organization for this purchase because OIN’s open source license allows for a greater number of innovators to employ and build upon my contributions.”
“I would like to offer my sincere thanks to the TransactionsIP team for its understanding of OIN’s needs in its role as a defensive patent portfolio supporting Linux and open source software”, said Keith Bergelt, CEO of OIN. “We appreciate the TransactionsIP team bringing this opportunity to our attention and assisting in its successful acquisition.”
Richard Ehrlickman, President and co-founder of TransactionsIP, stated “It is extremely rewarding to help an inventor owner realize that her patented ideas will provide the basis for future products, and allow her to obtain a financial return from their creativity and many years of hard work.”
About Open Invention Network
Open Invention Network (OIN) is the largest patent non-aggression community in history and supports freedom of action in Linux as a key element of open source software. Funded by Google, IBM, NEC, Philips, Red Hat, Sony and SUSE, OIN has more than 1,800 OIN community members and owns more than 1,000 global patents and applications. The OIN patent license and member cross-licenses are available royalty free to any party that joins the OIN community. For more information, visit http://www.openinventionnetwork.com.
About TransactionsIP, LLC
TransactionsIP is a leading intellectual property patent brokerage, patent valuation, and consulting firm offering a full range of services to individuals, small companies and large enterprises. TransactionsIP leverages client patents and technology to maximize their returns. Founded by Richard Ehrlickman, a former IBM VP of IP & Licensing, and Tom Major former VP at Honeywell, the Principals bring together over 50 years of industry, university, and start-up IP knowledge and experience, and have completed hundreds of transactions For more info, visit http://www.transactionsIP.com or contact us via email at info@transactionsIP.com or by phone at +1 (561) 504-8762.