31 October 2017
Connecticut
Reporter: Barney Dixon

McCurdy, Lynch and Quatela launch defensive IP licensing business


Dan McCurdy, Tim Lynch and Laura Quatela have launched a new patent licensing company using more than 4,500 patent families from Nokia.

The company, Provenance Asset Group, has a portfolio of more than 12,000 individual patents, originating from Nokia Technologies, Nokia Solutions & Networks and Alcatel-Lucent.

They cover various industries including technology in the telecommunication, gaming and semiconductor industries.

McCurdy will serve as CEO of the company, while Lynch will take on the role of president and Quatela will work as special advisor.

Provenance explained that it will provide large and small companies with litigation-grade patents, enabling them to expand into new markets with a significant reduction in patent risk.

The company suggested it would not provide these rights to non-practicing entities.

McCurdy commented: “Companies are currently spending tens of millions of dollars a year to create and maintain patent portfolios to defend against claims of infringement from others.”

“We believe Provenance will transform the way companies approach gaining freedom to pursue new markets, new clients, and new products.”

Lynch added: “Provenance increases efficiency by allowing operating companies to obtain defensive enforcement rights to superior patents at a reasonable price only when they actually need them. It is analogous to the concept of leasing assets used in many industries.”

Ilkka Rahnasto, head of patent business at Nokia, said: ““We are excited about the reassurance Provenance can bring to companies large and small seeking to bring their products and services to global markets.

More news
The latest news from IPPro Patents
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Baker Botts promotes three in IP
21 November 2017 | Texas | Reporter: Barney Dixon
Baker Botts has promoted three intellectual property attorneys to partner, as part of a round of 11 partner promotions
Alibaba in ITC spotlight
20 November 2017 | Washington DC | Reporter: Barney Dixon
Alibaba will be investigated by the US International Trade Commission over the importation and sale of insulated beverage containers, their labels, and packaging materials
MediaTek partners with Anaqua
20 November 2017 | Boston | Reporter: Barney Dixon
Taiwanese semiconductor company MediaTek has selected Anaqua to manage its intellectual property activities, including its inventions and patents
Brazil and China sign PPH agreement
17 November 2017 | Beijing | Reporter: Barney Dixon
The State Intellectual Property Office of China has signed a patent prosecution highway agreement with the Brazilian National Institution of Intellectual Property
Cozen O’Connor hires ex-DLA Piper litigator
17 November 2017 | Washington DC | Reporter: Barney Dixon
Cozen O’Connor has hired ex-DLA Piper litigator Hugh Marbury as member in its intellectual property department
Mewburn Ellis opens Munich office
16 November 2017 | Munich | Reporter: Barney Dixon
Intellectual property boutique Mewburn Ellis has opened a new office in Munich, its first expansion outside of the UK
EPO faces backlash over scrapping of permanent employment contracts
15 November 2017 | Munich | Reporter: Barney Dixon
In an internal memo, the Staff Union of the European Patent Office described the move as “Kafkaesque”