PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
RPX helps companies reduce their risks and costs of patent litigation.
SAN FRANCISCO – October 5, 2010 – RPX Corp., the leading provider of patent risk solutions,
today announced that 15 more companies have joined its rapidly growing client network, bringing
total membership to 65 companies. RPX was established two years ago to help companies
ultimately eliminate their risks and costs of patent litigation.
Semiconductor companies comprise a majority of the newest clients, which includes Atheros
Communications, Inc., Broadcom Corporation, Hynix Semiconductor, Inc., Integrated Device
Technology, Inc., Marvell Technology Group Ltd., and Qualcomm Incorporated. Combined with
current members Intel Corporation, Sony Corporation, and others, this segment of the RPX client
network now accounts for approximately 40% of the worldwide semiconductor industry by
revenue, according to data from technology research and advisory company, Gartner Inc.
In addition, RPX clients now comprise 75% of the global handset market with new clients
Motorola Mobility Inc. and Research In Motion, Ltd. joining current RPX members, HTC
Corporation, LG Electronics Inc., Nokia Corporation, Samsung Electronics Co., Ltd., and others.
Best Buy Co, Inc., Fujitsu Limited, Intuit Inc., Juniper Networks, Inc., Red Hat Inc., and Walgreen
Co. are among the other new members. The RPX network spans six major market sectors:
consumer electronics and PCs, e-commerce and software, media content and distribution, mobile
communications and devices, networking, and semiconductors.
“We are gaining momentum as more companies across various technology sectors see the value
of RPX’s services and our insights into the patent market,” said John Amster, CEO of RPX. “Our
clients are realizing the benefits of our platform, which provides them the opportunity to invest
collectively in the patent market, while efficiently sharing resources and reducing litigation risk,”
RPX combines principal capital with annual fees from its client network to acquire potentially
dangerous patents, removing them from circulation in the open market before they can be used
offensively by non-practicing entities (NPEs), which have raised more than $8 billion to buy and
assert patents in recent years. RPX clients pay annual fees ranging from $40,000 to $5.2 million
depending on company size, and automatically receive rights to the entire RPX patent portfolio.
To date, RPX has invested more than $240 million to acquire nearly 1,500 US and international
patents and patent rights in an array of technology categories important to its clients. What
distinguishes RPX is its promise to never assert patents or patent rights in the RPX portfolio.
In just two years of operation, RPX has redefined the IP landscape by providing companies with a
market-based solution for controlling the financial risks and reducing operating costs associated
with patent assertions and litigations from NPEs – a rational and efficient alternative to engaging
in extended and often expensive, legal disputes.
About RPX Corporation
RPX Corporation is the leading provider of patent risk solutions, offering defensive buying,
acquisition syndication, patent intelligence and advisory services. Since its founding in 2008,
RPX has redefined the IP landscape by providing a rational alternative to patent litigation. The
San Francisco-based company’s pioneering approach combines principal capital, deep patent
expertise, and client contributions to generate unrivaled patent buying power. By acquiring
problem patents, RPX effectively eliminates potential patent assertions for its growing client