Intel Splashes $75m On Aware Patents
Intel makes another big patent acquisition, grabbing some Aware networking IP
Intel has paid $75 million (£46 million) for a load of patents from software provider Aware, as the chip giant looks to bolster its bulging IP stash.
Little was revealed of what the patents were, but the haul includes awarded patents as well as patent applications, relating to Wi-Fi, LTE and home networking.The deal is still subject to customary closing conditions and any required regulatory approvals.
Intel has been pushing hard to add to its patent collection. It splashed $120 million in January for RealNetworks’ next-generation video codec software as well as 190 patents and 170 patent applications.
Last week, it emerged Intel was to spend $140 million on the networking assets of supercomputer maker Cray.
Aware awareness
Aware is particularly prominent in the biometrics and healthcare IT sector, as well as doing plenty of work in the telecommunications sphere.
In its most recent results, the company posted a 14 percent decline in revenue, which stood at $5.9 million. However, profit was up to $959,000 from $230,000 in year-over-year results.
In January, Aware announced it was going to stop selling DSL hardware products, which may be a reason why it is selling off some patents.
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