Marathon Patent Group's Subsidiary, Selene Communication Technologies, LLC, Licenses Reed Elsevier Inc.
LOS ANGELES, CA -- (Marketwired) -- 08/20/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that Reed Elsevier has taken a license to Marathon subsidiary Selene Communication Technologies, LLC's, ("Selene") portfolio. The consideration to be paid by Reed Elsevier Inc. to Selene and all other terms of the agreement are confidential.
The Selene portfolio relates to intrusion detection services, tools for intelligent searches applied to data management systems, as well as global information networks like the Internet, and architectures for efficiently locating desired resources in a network. The portfolio includes U.S. patent number 6,363,377, entitled "Search Data Processor," U.S. patent number 7,143,444, entitled "Application-Layer Anomaly and Misuse Detection," and U.S. patent number 7,177,867, entitled "Method and Apparatus for Providing Scalable Resource Discovery." The '444 Patent is currently being asserted against Fluke Electronics Corporation in the United States District Court for the District of Delaware and Trend Micro Inc., in the United States District Court for the Northern District of California. Mishcon de Reya New York LLP is representing Selene in these actions.
About Marathon Patent Group:
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.
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Marathon Patent Group
Source: Marathon Patent Group
Released August 20, 2015