RPX Acquires PatentFreedom; Terms Undisclosed

(RTTNews) - RPX Corp. (RPXC), a provider of patent risk management solutions, announced its acquisition of PatentFreedom, provider of data, intelligence, and consulting on non-practicing entities or NPEs. The financial terms of the transaction were not disclosed.

It is not expected to be material to RPX's the second-quarter or full-year 2014 results. Dan McCurdy, founder and Chairman of PatentFreedom, will join RPX as Senior Vice President.

RPX noted that Current subscribers to PatentFreedom will continue to have full access to its database of NPE litigations and profiles. RPX also will integrate PatentFreedom's data collection into its proprietary database that cross-references all patent, litigation, and entity information.