OTTAWA—Mosaid Technologies says it will double the number of patents under management to more than 12,500 through deals with two global technology companies headquartered in the United States and Canada.
The Ottawa-based patent licensing company, which was taken private in 2011 in a $590-million deal, also announced its name will change to Conversant Intellectual Property Management.
The company says it has been selected to look after intellectual property for companies headquartered in the U.S. and in Asia that add more than 6,600 patents and patent applications.
The companies weren’t named.
Conversant also says it’s negotiating with Qimonda AG of Germany to provide exclusive licensing services for Qimonda’s entire patent portfolio of approximately 7,500 patents and applications.
Conversant was taken private in 2011 in a $590-million deal by a group of investors led by Chicago-based Sterling Partners.
Since then, Sterling and its investors have increased their stake in the intellectual property sector.