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Mosaid acquires portfolio of 300 patents from SercoNetFeb 19, 2009 (Datamonitor via COMTEX) -- Canada-based Mosaid Technologies has acquired a portfolio of 300 patents from SercoNet, a US-based developer of wireless broadband solutions. Under the terms of the patent purchase agreement, Mosaid receives full title to the portfolio for an undisclosed amount, paid over the next four months. Mosaid will also pay SercoNet a percentage of the net royalty revenues earned from licensing these patents to third parties. According to Mosaid, the acquired portfolio relates to wired and wireless communications products and systems. These include power over ethernet, VoIP, IP-PBXs, wireless access points, IP digital subscriber line access multiplexers (IP-DSLAMs), cable modems, and asynchronous DSL (ADSL) modems. The portfolio is geographically diverse, with US European and Asian patents and patent applications. John Lindgren, president and CEO of Mosaid, said: "A key element of our growth strategy, along with continuous innovation, is to expand and diversify our patent licensing activities into new markets through the acquisition of rigorously selected patent portfolios. These are strong, tested patents, and we look forward to seeing them deliver new licensing revenues." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ] |