Acacia Acquires LodgeNet Patent7/21/2004 5:20 AM Eastern
Acacia Research Corp. said Wednesday that its Acacia Technologies Group has acquired U.S. Patent No. 6,226,677 from LodgeNet Entertainment Corp.
The redirection patent covers technology and methods for redirecting users to a login page when accessing the Internet, and potential licensing opportunities include digital-subscriber-line registrations, wireless "hot spots" and hotel high-speed Internet access.
The deal includes terms by which the companies will divide future revenue received by Acacia from licensing the patent. If certain revenue benchmarks are not reached over the next several years, LodgeNet retains the right to repurchase the patent, the companies said.
Also under terms of the agreement, LodgeNet and its customers are fully licensed under the patent to conduct LodgeNet's Internet-related businesses.