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Acacia subsidiary resolves litigation with Smartware Group

Acacia Research Corp. (NASDAQ: ACTG) said that its Automated Facilities Management Corp. subsidiary has entered into a settlement and patent license agreement with Smartware Group, Inc, resolving litigation that was pending in the United States District Court for the District of New Hampshire.

Founded in 1993, Acacia Research is the industry leader in patent licensing. An intermediary in the patent marketplace, Acacia partners with inventors and patent owners to unlock the financial value in their patented inventions. Acacia bridges the gap between invention and application, facilitating efficiency and delivering monetary rewards to the patent owner.

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