Tangible IP News

Tangible IP Announces Completed Sale of Location Services Patent Portfolio

Seattle – December 8, 2015: Tangible IP Announces Completed Sale of Location Services Patent Portfolio

TANGIBLE IP announced that it had successfully brokered the sale of a patent portfolio pertaining to location services belonging to Florida based company Mexens IP Holdings, LLC (“Mexens”). The identity of the buyer and the financials of the agreement were not disclosed. Mexens held the patents related to outdoor positioning technology that pioneered the use of crowdsourcing software to build and update a database comprising hundreds of millions of cell tower and access point locations.