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Intellectual Ventures, Telcordia Team Up

Bellevue, WA-based Intellectual Ventures said today it has formed an alliance with Telcordia Technologies, a networking and telecommunications firm in Piscataway, NJ. Intellectual Ventures has acquired the rights to license about 500 of Telcordia’s patents, and in return, has also agreed to fund inventions from Telcordia’s R&D lab. Financial terms of the deal were not given.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.

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