Asentinel Secures Multi-million Dollar Patent Licensing Agreement
- Sterne, Kessler, Goldstein & Fox
Sterne Kessler worked with our client Asentinel, a technology-driven telecom lifecycle management company, on negotiating and securing a patent license agreement to provide a worldwide non-exclusive license to U.S. Patent Nos. 7,340,422 and 7,805,342 and related U.S. and foreign counterpart patent applications to a significant provider of telecommunications expense management (TEM) services. Read the full press release announcing this agreement on Business Wire.
On September 30, 2010, Asentinel announced that it had filed a patent infringement complaint against AnchorPoint, Cass Information Systems, and Veramark Technologies. Asentinel filed the complaint in the United States District Court for the Western District of Tennessee accusing the defendants' of infringing the '422 and '342 patents. Asentinel is seeking damages, as well as a permanent injunction to prevent the defendants from offering the accused infringing products and services. The patent license agreement is not with one of these defendants, but is with a major player in the TEM industry.