The patents were originally owned by Wave Systems Corp. ("Wave Systems") and were offered for sale as part of a corporate reorganization. Wave Systems developed products with hardware-based protection critical to securing data and was a board member of the Trusted Computing Group, the standard setting body promoting hardware-based security for devices in the personal computing platform such as storage devices.
The portfolio was acquired in a competitive bid process for an undisclosed amount.
WiLAN, a Quarterhill company, is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. For more information: www.wilan.com.
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SOURCE Wi-LAN Inc.
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