Wednesday, January 27, 2010

Intellectual Ventures Buys Patent Portfolio

Bellevue-based Intellectual Ventures, the patent acquisition firm run by former Microsoft CTO Nathan Myhrvold, has acquired the patent portfolio of Avistar Communications. The deal was announced earlier this week. According to Avistar, it sold the majority of its patent portfolio in a deal worth $11M in cash. Avistar is a developer of desktop videoconferencing technology. Avistar said it has licensed back its patents as part of the deal.