Acacia Unit Signs Settlement And License Agreement With Ventyx USA

Acacia Research Corp. ( ACTG ) Monday said its Automated Facilities Management Corp. subsidiary has entered into a settlement and license agreement with Ventyx USA, Inc., resolving patent litigation that was pending in the United States District Court for the Northern District of Georgia.

Acacia’s subsidiaries control over 250 patent portfolios, covering technologies used in various industries. These subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue.

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