IV and Dominion Harbor Group Announce Licensing Agreement

Today, Intellectual Ventures (IV) announced the sale of fundamental networking and wireless assets to an affiliate of Dominion Harbor Group, an integrated patent advisory and monetization firm. Their purchase of this portfolio will enable access to an essential collection of intellectual property in the space.

“IV’s buying, licensing and selling best of breed patents supports and reinforces a strong invention ecosystem, something we’ve always strongly believed in,” said Cory Van Arsdale, senior vice president of global licensing at IV. “We’re quite purposeful in our curation of patents within a given space, we’re thoughtful about keeping complimentary technologies together and it’s always our intention to make sure access is widely available. This includes offering smaller portfolios to the market through sales like this to Dominion Harbor.”

“Our partner companies and licensee network needs quality patents to strengthen their position in rapidly changing markets,” said David Pridham, chairman and CEO of Dominion Harbor. “This agreement with IV expands our intellectual property portfolios in the networking and wireless space, and continues our plans to maintain strong partnerships throughout the US, Europe and Asia.”

Intellectual Ventures’ high-quality, diverse and leading patent portfolio offers a unique value for companies like Dominion Harbor Group to buy and license intellectual property.