Dallas-based outsourcer Humach said it has licensed a portion of its extensive patent portfolio to patent risk management company RPX Corporation.
Humach said its patent portfolio includes patents for “dynamic scalability in the cloud” and that it has retained ownership of the patents, licensing them to RPX “as a way of allowing other companies to utilize the technology.”
“We’re very excited about the possibilities presented through this transaction,” said Humach CEO Tim Houlne.
“This allows us to focus on our strategic technology initiatives around customer experience while also enabling other developers to access our patents to develop products that help them to better meet and exceed customer demands.”
Humach said that since its founding in 2008, San Francisco-based RPX has “introduced efficiency to the patent market by providing a rational alternative to litigation.”
Humach said that by acquiring patent assets and rights, RPX reduces the risks and costs associated with patent litigation for its more than 330 clients.
“It was a clear decision to work with RPX,” said Houlne.
“With this agreement, we can focus on continuing to help companies implement the best people, processes, and technology for customer success.”