05.02.18

Gemini version available ♊︎

RPX, RIP

Posted in America, Patents at 2:41 am by Dr. Roy Schestowitz

RPXSummary: Months after RPX executives left and even Microsoft canceled its membership the company as a whole gets sold to a private equity firm

THE patents-hoarding pool known as RPX is dangerous not only because it deals with USPTO-granted patents (i.e. many software patents) but also because months ago it was rumoured it would be sold to a patent troll, Erich Spangenberg. Like Red Hat, which pursues software patents while providing nonaggression assurances, there’s no way to guarantee/enforce such pledges upon buyout/takeover.

The patent trolls’ lobby (IAM) has reported on the buyout of RPX. The article is composed by their most ferocious proponent of trolls and software patents, with help from IAM’s editor (see note at the bottom) and the buyer is called HGGC, an entity which Wikipedia describes as “a middle-market private equity firm based in Palo Alto, California, with over $4.25 billion of cumulative capital commitments”. From IAM:

RPX is set to be sold to private equity outfit HGGC in an all-cash deal that values the defensive aggregator at $555 million. The acquisition – at $10.50 a share – was announced this morning and brings to an end months of speculation about the firm’s future.

HGGC is based in Palo Alto and, according to its website, currently has $4.3 billion in cumulative capital commitments. One of its co-founders is American football Hall of Famer Steve Young. Although it has a substantial portfolio of tech businesses, RPX appears to be its first investment in a standalone patent business.

[...]

That would seem to suggest that HGGC is committed to the RPX’s core offering including Inventus, the e-discovery platform which the defensive patent player bought back in 2015 for $232 million, but had been looking to sell.

While $555 million is lower than RPX’s investors might have been hoping for, an all cash deal at a time of continued uncertainty in the patent market might well mean that they take the money and run. It will then be up to the senior managers who remain to work out with HGGC what to do with the firm. Given the current flux in the patent market, this could be easier said than done.

The CEO will be former Bain Capital executive Gregory M. Benson and this is their corresponding press release. It’s probably too early to tell what’s about to happen to RPX. The sure thing is, RPX lost much of its leadership and in case of liquidation there’s a huge threat that vultures will come preying. So watch this space.

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

DecorWhat Else is New


  1. IRC Proceedings: Sunday, October 24, 2021

    IRC logs for Sunday, October 24, 2021



  2. Links 25/10/2021: EasyOS 3.1 and Bareflank 3.0

    Links for the day



  3. The Demolition of the EPO Was Made Possible With Assistance From Countries That Barely Have European Patents

    The legal basis of today's EPO has been crushed; a lot of this was made possible by countries with barely any stakes in the outcome



  4. The EPO’s Overseer/Overseen Collusion — Part XXII: The Balkan League - North Macedonia and Albania

    We continue to look at Benoît Battistelli‘s enablers at the EPO



  5. Links 24/10/2021: GPS Daemon (GPSD) Bug and Lots of Openwashing

    Links for the day



  6. Links 24/10/2021: XWayland 21.1.3 and Ubuntu Linux 22.04 LTS Daily Build

    Links for the day



  7. IRC Proceedings: Saturday, October 23, 2021

    IRC logs for Saturday, October 23, 2021



  8. Links 24/10/2021: Ceph Boss Sage Weil Resigns and Many GPL Enforcement Stories

    Links for the day



  9. GAFAM-Funded NPR Reports That Facebook Let Millions of People Like Trump Flout the So-called Rules. Not Just “a Few”.

    Guest post by Ryan, reprinted with permission



  10. Some Memes About What Croatia Means to the European Patent Office

    Before we proceed to other countries in the region, let’s not forget or let’s immortalise the role played by Croatia in the EPO (memes are memorable)



  11. Gangster Culture in the EPO

    The EPO‘s Administrative Council was gamed by a gangster from Croatia; today we start the segment of the series which deals with the Balkan region



  12. The EPO’s Overseer/Overseen Collusion — Part XXI: The Balkan League – The Doyen and His “Protégée”

    The EPO‘s circle of corruption in the Balkan region will be the focus of today’s (and upcoming) coverage, showing some of the controversial enablers of Benoît Battistelli and António Campinos, two deeply corrupt French officials who rapidly drive the Office into the ground for personal gain (at Europe’s expense!)



  13. Links 23/10/2021: FreeBSD 12.3 Beta, Wine 6.20, and NuTyX 21.10.0

    Links for the day



  14. IRC Proceedings: Friday, October 22, 2021

    IRC logs for Friday, October 22, 2021



  15. [Meme] [Teaser] Crime Express

    The series about Battistelli's "Strike Regulations" (20 parts thus far) culminates as the next station is the Balkan region



  16. Links 23/10/2021: Star Labs/StarLite, Ventoy 1.0.56

    Links for the day



  17. Gemini on Sourcehut and Further Expansion of Gemini Space

    Gemini protocol is becoming a widely adopted de facto standard for many who want to de-clutter the Internet by moving away from the World Wide Web and HTML (nowadays plagued by JavaScript, CSS, and many bloated frameworks that spy)



  18. Unlawful Regimes Even Hungary and Poland Would Envy

    There’s plenty of news reports about Polish and Hungarian heads of states violating human rights, but never can one find criticism of the EPO’s management doing the same (the mainstream avoids this subject altogether); today we examine how that area of Europe voted on the illegal "Strike Regulations" of Benoît Battistelli



  19. The EPO’s Overseer/Overseen Collusion — Part XX: The Visegrád Group

    The EPO‘s unlawful “Strike Regulations” (which helped Benoît Battistelli and António Campinos illegally crush or repress EPO staff) were supported by only one among 4 Visegrád delegates



  20. [Meme] IBM Has Paid ZDNet to Troll the Community

    Over the past few weeks ZDNet has constantly published courses with the word "master" in their headlines (we caught several examples; a few are shown above); years ago this was common, also in relation to IBM itself; clearly IBM thinks that the word is racially sensitive and offensive only when it's not IBM using the word and nowadays IBM pays ZDNet — sometimes proxying through the Linux Foundation — to relay this self-contradictory message whose objective is to shame programmers, Free software communities etc. (through guilt they can leverage more power and resort to projection tactics, sometimes outright slander which distracts)



  21. [Meme] ILO Designed to Fail: EPO Presidents Cannot be Held Accountable If ILOAT Takes Almost a Decade to Issue a Simple Ruling

    The recent ILOAT ruling (a trivial no-brainer) inadvertently reminds one of the severe weaknesses of ILOAT; what good is a system of accountability that issues rulings on decisions that are barely relevant anymore (or too late to correct)?



  22. Links 22/10/2021: Trump's AGPL Violations and Chrome 95 Released

    Links for the day



  23. [Meme] How Corporate Monopolies Demonise Critics of Their Technically and Legally Problematic 'Products'

    When the technical substance of some criticism stands (defensible based upon evidence), and is increasingly difficult to refute based on facts, make up some fictional issue — a straw man argument — and then respond to that phony issue based on no facts at all



  24. Links 22/10/2021: Global Encryption Day

    Links for the day



  25. [Meme] Speaking the Same Language

    Language inside the EPO is misleading. Francophones Benoît Battistelli and António Campinos casually misuse the word “social”.



  26. António Campinos Thinks Salary Reductions Months Before He Leaves is “Exceptional Social Gesture”

    Just as Benoît Battistelli had a profound misunderstanding of the concept of “social democracy” his mate seems to completely misunderstand what a “social gesture” is (should have asked his father)



  27. IRC Proceedings: Thursday, October 21, 2021

    IRC logs for Thursday, October 21, 2021



  28. Links 21/10/2021: MX Linux 21 and Git Contributors’ Summit in a Nutshell

    Links for the day



  29. [Meme] [Teaser] Miguel de Icaza on CEO of Microsoft GitHub

    Our ongoing series, which is very long, will shed much-needed light on GitHub and its goals (the dark side is a lot darker than people care to realise)



  30. Gemini Protocol and Gemini Space Are Not a Niche; for Techrights, Gemini Means Half a Million Page Requests a Month

    Techrights on gemini:// has become very big and we’ll soon regenerate all the pages (about 37,500 of them) to improve clarity, consistency, and general integrity


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts