Acacia Subsidiary Into License Agreement With Nimbus

Acacia Research Corporation announced that its Data Network Storage LLC subsidiary has entered into a settlement and license agreement with Nimbus Data Systems, Inc. covering a patent portfolio that relates to storage area network technology. This agreement resolves patent litigation that was pending in the United States District Court for the Southern District of California.

Acacia Research’s subsidiaries develop, acquire, and license patented technologies. Acacia Research’s subsidiaries control over 125 patent portfolios, covering technologies used in a wide variety of industries.