Allied Security Trust -- Let The Patent Wars Begin

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
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Allied Security Trust -- Let The Patent Wars Begin

You may remember a while back I wrote about Vocaltec selling some of its patents to what appears to be a firm that will become a patent troll. This scenario is becoming more and more common... Companies are now launching businesses based on buying patents and using them to sue others.

In order to combat such companies, Verizon, Cisco, Google, Telefon AB L.M., Ericssson, HP and other companies have joined together to launch Allied Security Trust -- an organization which will acquire patents and subsequently grant member companies nonexclusive rights to use them.

A quarter million dollars or so will grant you access to this exclusive patent club and another $5 million is required to be placed in escrow to help fund future patent purchases.

There are two interesting points here. One is the fact that there are a number of telecom companies in this group and second is the fact that Verizon sued Vonage recently for patent infringement. Does this seem ironic to anyone else?

The end result of these moves is likely going to be a bidding war for patents. On the one hand there will be VC money fighting to buy patents and on the other it will be Allied Security Trust.

If anything, this environment will make it more lucrative for companies with valuable patents to sell. This new battle will certainly be interesting to watch.


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