Marathon Patent Group's Wholly-Owned Subsidiary Vantage Point Technology, Inc. Enters Into Settlement and License Agreement With SugarSync, Inc.
LOS ANGELES, CA -- (Marketwired) -- 02/12/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that its wholly-owned subsidiary, Vantage Point Technology, Inc. ("Vantage Point"), has entered in to a settlement and license agreement with SugarSync, Inc. ("SugarSync"). The consideration to be paid by SugarSync to Vantage Point and all other terms of the license agreement are confidential.
Vantage Point U.S. Patent No. 6,615,233 (the "'233 Patent"), entitled "Apparatus and Method for Transmitting Documents Between a Server Computer and a Client Computer", is currently being asserted against Amazon.com Inc., Apple, Inc., Box, Inc., Dropbox, Inc. and Google Inc. in the United States District Court for the Eastern District of Texas.
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 February 12, 2015