Acacia Unit, Siemens Product Lifecycle Management Ink Settlement Agreement

(RTTNews) - Acacia Research Corp. (ACTG) said its Auto-Dimensions LLC subsidiary has reached a settlement agreement with Siemens Product Lifecycle Management Software, Inc. This deal resolves the litigation that was pending in the United States District Court for the Eastern District of Texas.

Founded in 1993, Acacia Research deals with patent licensing. An intermediary in the patent marketplace, Acacia partners with inventors and patent owners to unlock the financial value in their patented inventions. The company bridges the gap between invention and application, facilitating efficiency and delivering monetary rewards to the patent owner.