We are encouraged by the progress we are making with our acquisitions and are on track to announce one more strategic licensee prior to launching our licensing program in the fall.
Alexandria, VA (PRWEB) June 20, 2011
Digitude Innovations LLC today announced it has strengthened its aggregated patent portfolio through certain recent acquisitions and now has a portfolio that exceeds 550 U.S. patents. The acquisitions have been consummated over the last eight months and have primarily originated from the research and development efforts of leading technology companies around the world. The acquired portfolios include patents regarding PC and consumer mobile devices, computer peripherals and communications services.
“The acquisition of these patents strengthen our portfolio and thus provide greater value to our partners and investors,” said Robert Kramer, chairman of Digitude Innovations and managing partner of Altitude Capital Partners. “We are encouraged by the progress we are making with our acquisitions and are on track to announce one more strategic licensee prior to launching our licensing program in the fall.”
Mr. Kramer continued, “In anticipation of launching our licensing programs, we have concluded certain key additions to our management team which now include:
Ed Gomez-General Counsel/ Litigation Management
Jimmy Goo-Director Portfolio Management/ Licensing
Anthony Grillo-Director Licensing/Contracts
Bryan Lord-Director Acquisitions & Strategic Relationships/Licensing
William Marino-Director Litigation Management/Licensing
Late last year, Digitude announced its innovative patent monetization model, where the company will acquire, aggregate, and license key technology areas in a patent consortium through strategic partnerships. The Digitude consortium model enables sellers to combine their IP assets with other sellers, diversify their IP holdings, and gain access to a critical mass of IP that is necessary for a successful licensing program. This approach reduces risk for Digitude partners while increasing their expected returns.
Digitude Innovations is an Altitude Capital Partner’s portfolio company. As part of a highly targeted acquisition program, Digitude has aggregated more than 550 patents containing technology indispensible to a wide variety of consumer electronics and communication products and services. Digitude’s mission is to (i) continue to build its patent portfolio through transactions with inventors, operating companies and owners of important IP and (ii) license its high value portfolio to industry leaders.
About Altitude Capital Partners
Altitude Capital Partners LP is a New York-based private equity fund with a distinguished track record for investing in intellectual property assets. Its primary focus is providing capital to all areas of Intellectual Property. Altitude invests in patents, trademarks, copyrights, royalty streams and trade secrets. These investments create working capital for growth, funding for future acquisitions, financing for IP monetization programs and for distributions to intellectual property owners, inventors, corporations and shareholders.