Mitel Networks Partners With IPValue to Commercialize Patent Portfolio
The companies this week announced a multi-year agreement that could help Mitel capitalize on nearly 1,800 applications and patents. Mitel noted that IPValue will be responsible for originating and executing transactions related to patent licensing and sales across its IP portfolio under the new agreement.
“By partnering with IPValue, we can expand our ability to commercialize Mitel’s patents and maximize the value of our intellectual property,” Mitel Chief Architect Christian Szpilfogel said in a prepared statement.
IPValue CEO Murali Dharan added that he believes the partnership could help Mitel maximize its IP portfolio revenue.
“We see tremendous value in Mitel’s technology and IP portfolio and look forward to helping the company commercialize its patents,” he said.
How will the Mitel-IPValuepartnership affect both companies?
The Mitel-IPValue partnership could help Mitel further extend its global reach.
Mitel owns patents across various communications and information technologies, and Szpilfogel said IPValue could help Mitel “expand [its] ability to commercialize [its] patents.”
Dharan noted that IPValue “has a proven track record” of helping its partners maximize their IP portfolio revenues, which bodes well for Mitel.
A Mitel spokesperson last month told Talkin’ Cloud that the Ottawa, Ontario-based unified communications (UC) solutions provider is “focused on further momentum and growth” over the next 18 months, and in addition to partnering with IPValue to capitalize on its IP portfolio, the company has made several moves to bolster its market presence.
Mitel last month announced it had doubled in size over the previous 18 months and unveiled new branding to reflect its growth.