Revenues soar for NPE Acacia
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Revenues soar for NPE Acacia

Acacia Research (ACTG) reported record revenues this week of $250.7 million , up from $184.7 million the previous year

The non-practising entity (NPE) also reported record fourth quarter revenues of $66.2 million, up from $20.7 million fourth quarter last year.

Acacia held 1,238 patent publications as of January 2013, according to patent troll tracking website Patent Freedom, which ranks it ninth out of 680 NPEs polled. Acacia has engaged in litigation against high profile companies including Apple, AT&T, Sprint and Verizon.

During the fiscal year of 2012, Acacia said it acquired control of a record 55 patent portfolios.

According to its website, Acacia’s subsidiaries team up with inventors and patent owners, license the patents to corporate users, and share the revenue.

“These results reflect Acacia’s growing industry leadership in patent licensing and are accelerating new opportunities to partner with patent owners,” said the company’s CEO, Paul Ryan.

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