Acacia Research Acquires Technology Patent Portfolio - Quick Facts

(RTTNews) - Acacia Research Corp. (ACTG) announced its subsidiary has acquired a patent portfolio relating to professional and social media networking technology. Acacia said its subsidiary has acquired a patent portfolio of over 20 US patents and applications relating to post market sales data, multiple coordinated viewing devices and progressive deletion.

In a separate announcement, the company reported that its subsidiary has entered into an exclusive license agreement to over 40 US Patents related to intelligent beverage dispensing devices.

Matthew Vella, Acacia CEO, said, "Acacia is rapidly becoming the leader in technology licensing and we continue to grow our base of future revenues by adding new patent portfolios."