Patent Licensing Deal On Behalf Of Prolific Inventor And Patent Portfolio Sale On Behalf Of Publicly Traded Company
New York, New York (July 27, 2016) — Soryn IP Group, LLC (“Soryn IP Group”), a patent advisory and finance firm, announced today the closing of two more patent transactions in what many consider a challenging patent market. The first is a patent licensing deal that Soryn concluded without litigation for an inventor possessing over one hundred patents, including several data storage system patents that are the subject of the licensing agreement. The second is a closed patent sale related to video compression technologies owned by a publicly traded wireless communications company. Financial terms and the identities of the parties have not been disclosed due to confidentiality restrictions. These deals follow Soryn’s recently announced $10.2 M co-financing of an innovator in the cybersecurity space.