Acacia announces licence agreement between Chalumeau Power Systems LLC and Enterasys Networks

Acacia Research Corporation (Nasdaq: ACTG) revealed on Thursday that its subsidiary Chalumeau Power Systems LLC has entered into a license agreement with Enterasys Networks Inc.

Acacia Research Corporation (Nasdaq: ACTG) revealed on Thursday that its subsidiary Chalumeau Power Systems LLC has entered into a license agreement with Enterasys Networks Inc.

The company said that the agreement covers patents generally relating to Power Over Ethernet technology and resolves litigation that was pending in the United States District Court for the District of Delaware with respect to certain Enterasys products.

According to Acacia Research Corporation, its subsidiaries control over 200 patent portfolios, covering technologies used in a variety of industries. The subsidiaries partner with inventors and patent owners, licence the patents to corporate users and share the revenue.