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Acacia Research Corporation
Acacia Subsidiary Enters into License Agreement with buySAFE
August 22nd, 2008
Acacia Research Corporation (Nasdaq:ACTG) announced that its TransAuction LLC subsidiary has entered into a license agreement with buySAFE, Inc. covering a patent portfolio relating to methods for conducting guaranteed online auctions. TransAuction LLC recently acquired U.S. Patent No 7,343,339 and initiated an action alleging infringement of the '339 against several internet auction providers. This patented technology generally relates to methods for securing the performance of online auction participants such as using guarantees and providing corresponding visual indication of guaranteed auctions. ABOUT ACACIA RESEARCH CORPORATION ...
Source: Health Business Week (2008-08-22)
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