Acacia Acquires ADAPTIX for Wireless Patents

Acacia Research Corporation has acquired ADAPTIX, Inc., a pioneer in the development of 4G technologies for wireless systems, for $160 million.


ADAPTIX, Inc., which has $10 million in cash, holds s portfolio of 230 issued and pending patents in 13 countries, ADAPTIX's innovations extend across a broad range of 4G technologies including OFDMA and MIMO.


"ADAPTIX has been on the forefront of developing next-generation wireless communications for the past 11 years," commented Acacia CEO, Paul Ryan, "and Acacia's acquisition provides our shareholders with a great opportunity to participate in the worldwide growth of 4G wireless technologies as Acacia continues to expand its patent licensing business."

http://www.acaciaresearchgroup.com