Acacia Research-Acacia Technologies (ACTG): More AWESOME NEWS out today! May 24, 20...

Acacia Research-Acacia Technologies (ACTG)

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Friday, 05/24/2013 6:42:38 AM

Friday, May 24, 2013 6:42:38 AM

More AWESOME NEWS out today! May 24, 2013, 6:00 a.m. EDT
Acacia Subsidiary Enters into Settlement and License Agreement with Red Hat, Inc.

NEWPORT BEACH, Calif., May 24, 2013 (BUSINESS WIRE) -- Acacia Research Corporation ACTG -0.30% announced today that its subsidiary, Business Process Modeling Solutions LLC, has entered into a settlement and license agreement with Red Hat, Inc. This agreement resolves patent litigation that was pending in the United States District Court for the Northern District of Texas.

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research Corporation's subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation's subsidiaries control 250 patent portfolios, covering technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is available at www.acaciaresearchgroup.com and www.acaciaresearch.com.

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