Patent Law Practice Center

AST acquires 70 patent assets in fixed-price, fixed-term buying program

AST, a provider of proactive patent risk mitigation solutions, recently announced the results from IP3 2017, a fixed-price, fixed-term, collaborative patent-buying program. Launched this past August, IP3 2017 gave sellers an easy way to access the secondary market by streamlining the process of selling patents with a fixed-price, rapid-response model. Through IP3 2017, patent sellers had the opportunity to offer their patents for purchase to AST’s full membership, which includes dozens of the world’s most successful companies across multiple industries.

Like the inaugural IP3, IP3 2017 attracted strong interest from both patent sellers and AST members. Participants in IP3 2017 included 15 operating companies including Google, IBM, Microsoft, Ford, Honda, and Cisco with nearly $2.5 million spent to acquire 70 active assets.

Unlike IP3 2016, which was open to AST and non-AST Members and sought patent submissions across all technologies, IP3 2017 was a narrower program and sought submissions limited to the following technologies: (1) Internet of Things, (2) Wireless, (3) Content Delivery, (4) Networking, and (5) Communications.

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