DALLAS–(BUSINESS WIRE)–Avanci announced the addition of two new patent owners to its licensing platform — Deutsche Telekom and Technology In Ariscale — bringing the total number of patent owners participating in the platform to 30. The 2G, 3G, and 4G standard essential patent portfolios of these two companies will now be available through Avanci’s one-stop marketplace.
“The agreements with Deutsche Telekom and Technology In Ariscale demonstrate our continued commitment to finding collaborative solutions to make standardized technology more widely available and streamlining patent licensing through the Avanci marketplace,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Avanci is transforming the licensing landscape by providing a one-stop marketplace that balances the interests of patent owners and IoT licensees. We look forward to adding more patent owners and licensees to the marketplace in the future.”
Avanci’s one-stop marketplace simplifies the way companies share technology by licensing intellectual property from many different patent holders in a single transaction. By streamlining the technology sharing process, Avanci is accelerating the growth of the Internet of Things by providing IoT manufacturers with an efficient and transparent way to access the wireless technology needed to bring their products online.