NEW YORK--(BUSINESS WIRE)-- Digitude Innovations LLC (“Digitude”), an Altitude Capital Partner’s portfolio company, announced today that Time Warner Corporation has received a license to Digitude’s portfolio of digital media patents. Time Warner acquired its license through a previously negotiated sub-license from RPX Corporation.
Digitude owns the Shoah Portfolio, a substantial portfolio in the digital media space. The Shoah Portfolio includes eleven patented inventions that enable accessing, searching and cataloging of multimedia data. The Shoah Portfolio was acquired via an exclusive license by Preservation Technologies, a wholly owned subsidiary of Digitude. The patents are owned by the USC Shoah Foundation Institute for Visual History and Education.
Rob Kramer, Managing Partner of Altitude Capital Partners commented, “In the past six months, we have licensed a number of leading digital media companies to the Shoah Portfolio – validating our thesis that the portfolio contains important technology in the fast growing video space. As we continue to commercialize this asset, we expect to acquire additional high quality assets that are complimentary to the Shoah Portfolio and which expand the scope of our digital media portfolio.”
Digitude Innovations is an Altitude Capital Partner’s portfolio company. As part of a highly targeted acquisition program, Digitude aggregated approximately 600 patents containing technology indispensable to a wide variety of consumer electronics and communication products and services as well as important inventions in Digital Media. Digitude’s mission is to (i) continue to build its patent portfolio through transactions with inventors, operating companies and owners of important IP and (ii) license its high value portfolio to industry leaders.
Peter Pochna, 212-843-8007
Source: Digitude Innovations LLC