Intellectual Ventures, the secretive "invention capital company" that lays claim to some 27,000 patents, is making tech companies that it identifies as infringing on its patents pay -- in a big way. Its latest deal: a licensing agreement with financial software company Intuit that will bring in $120 million, according to sources. Tech companies deal with countless infringement accusations from patent holders -- but the size of the agreements that IV has been extracting, without ever bringing a lawsuit, makes them stand out.
Intellectual Ventures and Intuit Work Out $120 Million Licensing Deal, Say Sources
June 24, 2009