SAN FRANCISCO, July 10, 2017 /PRNewswire/ -- RPX Corporation (NASDAQ: RPXC), the leading provider of patent risk and discovery management solutions, today announced that it has completed a patent rights agreement with ZiiLabs, Inc., Ltd, a wholly owned subsidiary of Creative Technology Ltd.

Under the terms of the agreement, ZilLabs will receive a payment from RPX and assign certain rights in its patent portfolio to RPX. Further, all existing disputes involving ZiiLabs' patents in the International Trade Commission, as well as parallel proceedings in United States District Court, will be resolved. Additional terms were not disclosed.

"By bringing together industry participants in complex transactions such as this one affecting the semiconductor industry, RPX continues to act as a trusted intermediary for licensors and licensees looking to achieve rational and efficient outcomes," said Marty Roberts, Chief Executive Officer and President of RPX.

ABOUT RPX
RPX Corporation (NASDAQ: RPXC) is the leading provider of patent risk and discovery management solutions. Since its founding in 2008, RPX has introduced efficiency to the patent market by providing a rational alternative to litigation. The San Francisco-based company's pioneering approach combines principal capital, deep patent expertise, and client contributions to generate enhanced patent buying power. By acquiring patents and patent rights, RPX helps to mitigate and manage patent risk for its growing client network.

As of March 31, 2017, RPX had invested over $2 billion to acquire more than 17,500 US and international patent assets and rights on behalf of over 300 clients in eight key sectors: automotive, consumer electronics and PCs, E-commerce and software, financial services, media content and distribution, mobile communications and devices, networking, and semiconductors.

RPX subsidiary Inventus is a leading international discovery management provider focused on reducing the costs and risks associated with the discovery process through the effective use of technology solutions. Inventus has been providing litigation support services to corporate legal departments, law firms and government agencies since 1991.

Media Contact:
Jen Costa
RPX Corporation
+1.415.852.3180
media@rpxcorp.com

Investor Relations Contact:
JoAnn Horne
Market Street Partners
+1.415.445.3233
ir@rpxcorp.com

 

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SOURCE RPX Corporation